Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) CFO Jedidiah Marc Gold sold 362,658 shares of Mister Car Wash stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $8.22, for a total transaction of $2,981,048.76. Following the completion of the sale, the chief financial officer now directly owns 44,854 shares of the company's stock, valued at approximately $368,699.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Jedidiah Marc Gold also recently made the following trade(s):
- On Thursday, October 31st, Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock. The stock was sold at an average price of $7.54, for a total transaction of $1,088,165.26.
- On Monday, November 4th, Jedidiah Marc Gold sold 2,500 shares of Mister Car Wash stock. The stock was sold at an average price of $8.00, for a total transaction of $20,000.00.
Mister Car Wash Stock Up 0.2 %
Shares of MCW stock opened at $8.36 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. The firm's 50-day moving average is $6.62 and its 200-day moving average is $6.88. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 2.05 and a beta of 1.60. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $9.45.
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Mister Car Wash (NYSE:MCW - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The business had revenue of $249.33 million for the quarter, compared to analyst estimates of $249.15 million. During the same quarter in the prior year, the business earned $0.06 EPS. Mister Car Wash's quarterly revenue was up 6.5% on a year-over-year basis. Sell-side analysts predict that Mister Car Wash, Inc. will post 0.28 EPS for the current year.
Institutional Trading of Mister Car Wash
Large investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in shares of Mister Car Wash by 763.2% during the second quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company's stock valued at $29,155,000 after acquiring an additional 3,640,862 shares during the last quarter. Bank of New York Mellon Corp raised its position in Mister Car Wash by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company's stock worth $5,428,000 after acquiring an additional 145,374 shares during the period. Brown Brothers Harriman & Co. raised its position in Mister Car Wash by 23.4% in the second quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company's stock worth $12,673,000 after acquiring an additional 337,272 shares during the period. Duality Advisers LP bought a new stake in Mister Car Wash in the first quarter worth about $243,000. Finally, Texas Permanent School Fund Corp raised its position in shares of Mister Car Wash by 2.0% in the first quarter. Texas Permanent School Fund Corp now owns 79,712 shares of the company's stock valued at $618,000 after purchasing an additional 1,581 shares during the period.
Analysts Set New Price Targets
A number of analysts recently weighed in on MCW shares. The Goldman Sachs Group upped their target price on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a "sell" rating in a research note on Thursday, August 1st. UBS Group upped their target price on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Mister Car Wash presently has an average rating of "Moderate Buy" and a consensus price target of $9.25.
View Our Latest Report on MCW
Mister Car Wash Company Profile
(
Get Free Report)
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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