Mister Car Wash (NYSE:MCW) Stock Price Down 2.8%

Shares of Mister Car Wash, Inc. (NYSE:MCWGet Free Report) were down 2.8% on Wednesday . The stock traded as low as $7.22 and last traded at $7.25. Approximately 410,739 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 1,351,605 shares. The stock had previously closed at $7.46.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MCW. Robert W. Baird upped their price target on Mister Car Wash from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Mizuho started coverage on Mister Car Wash in a report on Tuesday, March 19th. They issued a “buy” rating and a $11.00 price target for the company. JPMorgan Chase & Co. began coverage on Mister Car Wash in a report on Friday, February 16th. They issued a “neutral” rating and a $9.50 price target for the company. Finally, Wells Fargo & Company began coverage on Mister Car Wash in a report on Wednesday, January 10th. They issued an “overweight” rating and a $11.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.95.

Get Our Latest Report on Mister Car Wash

Mister Car Wash Trading Down 2.3 %

The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 2.34 and a beta of 1.65. The business has a 50 day simple moving average of $8.16 and a 200-day simple moving average of $7.40. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.36 and a quick ratio of 0.31.

Mister Car Wash (NYSE:MCWGet Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Mister Car Wash had a return on equity of 9.81% and a net margin of 8.64%. The company had revenue of $230.14 million for the quarter, compared to the consensus estimate of $230.89 million. As a group, equities analysts expect that Mister Car Wash, Inc. will post 0.28 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Mayra Idali Chimienti sold 35,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $7.05, for a total transaction of $246,750.00. Following the sale, the chief operating officer now owns 270,523 shares in the company, valued at $1,907,187.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mister Car Wash news, insider Joseph Duane Matheny sold 37,152 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $8.35, for a total value of $310,219.20. Following the sale, the insider now owns 75,515 shares in the company, valued at $630,550.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mayra Idali Chimienti sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $7.05, for a total value of $246,750.00. Following the completion of the sale, the chief operating officer now owns 270,523 shares in the company, valued at approximately $1,907,187.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 215,617 shares of company stock worth $1,802,136. Corporate insiders own 71.20% of the company’s stock.

Institutional Trading of Mister Car Wash

Several institutional investors and hedge funds have recently bought and sold shares of MCW. JPMorgan Chase & Co. grew its position in shares of Mister Car Wash by 4.4% in the second quarter. JPMorgan Chase & Co. now owns 23,348 shares of the company’s stock valued at $254,000 after purchasing an additional 991 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Mister Car Wash by 2.7% during the fourth quarter. Yousif Capital Management LLC now owns 45,290 shares of the company’s stock worth $391,000 after purchasing an additional 1,175 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Mister Car Wash by 0.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 272,723 shares of the company’s stock worth $2,356,000 after purchasing an additional 1,308 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in Mister Car Wash by 3.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 50,827 shares of the company’s stock worth $439,000 after purchasing an additional 1,695 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its stake in Mister Car Wash by 11.8% during the third quarter. Schonfeld Strategic Advisors LLC now owns 16,700 shares of the company’s stock worth $92,000 after purchasing an additional 1,767 shares during the last quarter.

About Mister Car Wash

(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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