Jedidiah Marc Gold Sells 144,319 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 144,319 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $7.54, for a total transaction of $1,088,165.26. Following the completion of the sale, the chief financial officer now owns 44,854 shares in the company, valued at $338,199.16. This represents a 0.00 % decrease in their position. The sale 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 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 0.3 %

Shares of NYSE:MCW opened at $7.97 on Wednesday. The firm has a market capitalization of $2.57 billion, a PE ratio of 34.63, a price-to-earnings-growth ratio of 2.14 and a beta of 1.60. The business has a 50 day simple moving average of $6.52 and a two-hundred day simple moving average of $6.86. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $9.45. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $249.15 million. During the same quarter in the prior year, the company posted $0.06 EPS. Mister Car Wash’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts predict that Mister Car Wash, Inc. will post 0.27 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new position in Mister Car Wash in the 2nd quarter worth about $31,000. Blue Trust Inc. raised its stake in shares of Mister Car Wash by 884.7% during the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after acquiring an additional 7,617 shares in the last quarter. Ariadne Wealth Management LP bought a new position in Mister Car Wash in the second quarter worth approximately $73,000. Pallas Capital Advisors LLC bought a new position in Mister Car Wash in the second quarter worth approximately $84,000. Finally, CIBC Asset Management Inc purchased a new position in Mister Car Wash during the 2nd quarter worth $91,000.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a report on Thursday, August 1st. UBS Group lifted their target price on 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 issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.25.

About Mister Car Wash

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.