Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) COO Mayra Idali Chimienti sold 1,696 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total value of $11,753.28. Following the completion of the transaction, the chief operating officer now owns 339,999 shares of the company's stock, valued at $2,356,193.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Mayra Idali Chimienti also recently made the following trade(s):
- On Tuesday, June 4th, Mayra Idali Chimienti sold 432 shares of Mister Car Wash stock. The shares were sold at an average price of $6.91, for a total value of $2,985.12.
Mister Car Wash Trading Up 1.3 %
Shares of MCW stock opened at $7.13 on Friday. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.19 and a beta of 1.67. The stock has a 50-day moving average of $7.11 and a 200-day moving average of $7.73. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98. Mister Car Wash, Inc. has a 1-year low of $4.80 and a 1-year high of $10.07.
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Mister Car Wash (NYSE:MCW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Mister Car Wash had a net margin of 8.04% and a return on equity of 9.38%. The company had revenue of $239.18 million during the quarter, compared to analyst estimates of $244.06 million. On average, equities research analysts forecast that Mister Car Wash, Inc. will post 0.27 earnings per share for the current year.
Institutional Investors Weigh In On Mister Car Wash
Large investors have recently added to or reduced their stakes in the business. ORG Partners LLC acquired a new stake in Mister Car Wash during the fourth quarter worth approximately $43,000. Price T Rowe Associates Inc. MD grew its stake in Mister Car Wash by 16.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company's stock worth $135,000 after purchasing an additional 2,479 shares during the period. Bessemer Group Inc. grew its stake in Mister Car Wash by 9.9% during the first quarter. Bessemer Group Inc. now owns 20,179 shares of the company's stock worth $156,000 after purchasing an additional 1,824 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Mister Car Wash by 33.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,405 shares of the company's stock worth $194,000 after purchasing an additional 5,610 shares during the period. Finally, Handelsbanken Fonder AB acquired a new stake in Mister Car Wash during the fourth quarter worth approximately $210,000.
Analyst Upgrades and Downgrades
Several equities analysts have commented on MCW shares. Wells Fargo & Company dropped their target price on Mister Car Wash from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Monday, April 22nd. Mizuho started coverage on Mister Car Wash in a research report on Tuesday, March 19th. They issued a "buy" rating and a $11.00 target price for the company. Finally, JPMorgan Chase & Co. upgraded Mister Car Wash from a "neutral" rating to an "overweight" rating and set a $8.50 target price for the company in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Mister Car Wash presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.56.
View Our Latest Report on MCW
About Mister Car Wash
(
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Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.
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