Jedidiah Marc Gold Sells 66,122 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 66,122 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $8.51, for a total value of $562,698.22. Following the completion of the transaction, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at $381,707.54. The trade was a 59.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jedidiah Marc Gold also recently made the following trade(s):

• On Wednesday, November 6th, Jedidiah Marc Gold sold 362,658 shares of Mister Car Wash stock. The stock was sold at an average price of $8.22, for a total transaction of $2,981,048.76.
• On Thursday, October 31st, Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock. The shares were sold at an average price of $7.54, for a total value of $1,088,165.26.
• On Monday, November 4th, Jedidiah Marc Gold sold 2,500 shares of Mister Car Wash stock. The shares were sold at an average price of $8.00, for a total transaction of $20,000.00.

Mister Car Wash Stock Performance

Shares of MCW stock opened at $7.96 on Friday. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $9.45. The stock has a market cap of $2.57 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. The company’s fifty day moving average price is $6.81 and its 200-day moving average price is $6.93. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The company had revenue of $249.33 million during the quarter, compared to analyst estimates of $249.15 million. During the same quarter last year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts expect that Mister Car Wash, Inc. will post 0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

MCW has been the topic of several recent research reports. The Goldman Sachs Group increased their price objective on Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a research report on Thursday, August 1st. UBS Group raised their target price on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MCW. AQR Capital Management LLC boosted its stake in Mister Car Wash by 763.2% during the 2nd quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock valued at $29,155,000 after purchasing an additional 3,640,862 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Mister Car Wash by 6,003.1% during the third quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock valued at $23,639,000 after buying an additional 3,571,675 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in Mister Car Wash by 41.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company’s stock worth $16,349,000 after buying an additional 731,366 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Mister Car Wash by 64.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock worth $9,752,000 after buying an additional 535,873 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Mister Car Wash by 23.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock valued at $5,428,000 after acquiring an additional 145,374 shares during the period.

Mister Car Wash Company Profile

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.