Mister Car Wash, Inc. (NYSE:MCW – Get Rating) COO Mayra Idali Chimienti sold 20,000 shares of the stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of $9.54, for a total value of $190,800.00. Following the completion of the transaction, the chief operating officer now directly owns 281,540 shares in the company, valued at approximately $2,685,891.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mister Car Wash Stock Down 1.5 %
Shares of Mister Car Wash stock opened at $9.89 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.73 and a current ratio of 0.79. Mister Car Wash, Inc. has a 52-week low of $7.80 and a 52-week high of $19.10. The company's 50 day moving average price is $9.25 and its 200-day moving average price is $10.41. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 2.31 and a beta of 0.94.
Get Mister Car Wash alerts:Mister Car Wash (NYSE:MCW – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Mister Car Wash had a net margin of 15.40% and a return on equity of 16.69%. The business had revenue of $217.58 million during the quarter, compared to analysts' expectations of $215.68 million. Equities research analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of MCW. BlackRock Inc. grew its position in shares of Mister Car Wash by 275.3% in the 3rd quarter. BlackRock Inc. now owns 10,269,758 shares of the company's stock worth $88,113,000 after buying an additional 7,533,182 shares during the last quarter. Brown Advisory Inc. purchased a new stake in Mister Car Wash in the third quarter worth $56,988,000. Crow s Nest Holdings LP lifted its stake in Mister Car Wash by 221.1% in the first quarter. Crow s Nest Holdings LP now owns 3,784,731 shares of the company's stock worth $55,976,000 after acquiring an additional 2,606,011 shares during the period. Wasatch Advisors Inc. increased its position in Mister Car Wash by 23.5% during the 1st quarter. Wasatch Advisors Inc. now owns 9,989,232 shares of the company's stock valued at $147,741,000 after purchasing an additional 1,899,664 shares during the period. Finally, Vanguard Group Inc. increased its position in Mister Car Wash by 24.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,675,380 shares of the company's stock valued at $65,855,000 after purchasing an additional 1,525,592 shares during the period.Wall Street Analyst Weigh In
Several equities analysts have recently commented on MCW shares. Stifel Nicolaus lowered Mister Car Wash from a "buy" rating to a "hold" rating and reduced their price objective for the company from $17.00 to $10.00 in a research report on Friday, October 21st. MKM Partners started coverage on shares of Mister Car Wash in a research report on Tuesday, October 4th. They set a "neutral" rating and a $9.00 price target on the stock. Robert W. Baird began coverage on shares of Mister Car Wash in a report on Monday, October 3rd. They issued a "neutral" rating and a $10.00 price objective for the company. Finally, UBS Group reduced their target price on shares of Mister Car Wash to $11.00 in a report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $11.50.
Mister Car Wash Company Profile
(Get Rating)
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. As of June 16, 2022, it operated 407 car wash locations in 21 states. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.
Featured Stories
- Get a free copy of the StockNews.com research report on Mister Car Wash (MCW)
- MarketBeat: Week in Review 12/05 – 12/09
- There Is Fundamental Value In Broadcom, And It Yields 3.35%
- Costco vs Amazon: an end of the year showdown
- Discount Retailers Could Make Good Bargain Stocks
- Can Pfizer, Johnson & Johnson Continue Outperforming the Index?
Receive News & Ratings for Mister Car Wash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mister Car Wash and related companies with MarketBeat.com's FREE daily email newsletter.