Jedidiah Marc Gold Sells 93,121 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 93,121 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $8.51, for a total value of $792,459.71. Following the completion of the transaction, the chief financial officer now directly owns 55,437 shares of the company’s stock, valued at approximately $471,768.87. This trade represents a 62.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, February 28th, Jedidiah Marc Gold sold 42,278 shares of Mister Car Wash stock. The stock was sold at an average price of $8.50, for a total transaction of $359,363.00.

Mister Car Wash Stock Performance

Shares of MCW stock traded down $0.26 during mid-day trading on Tuesday, reaching $8.21. 1,449,203 shares of the company’s stock traded hands, compared to its average volume of 1,325,425. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The firm has a market capitalization of $2.66 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 1.65 and a beta of 1.63. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $8.56. The firm has a 50 day moving average price of $7.53 and a two-hundred day moving average price of $7.20.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MCW shares. Stephens initiated coverage on shares of Mister Car Wash in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price on the stock. UBS Group raised their price target on Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Morgan Stanley upped their price objective on Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company lowered their target price on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mister Car Wash currently has a consensus rating of “Hold” and an average target price of $8.57.

Institutional Trading of Mister Car Wash

Several hedge funds have recently bought and sold shares of MCW. Versor Investments LP raised its stake in shares of Mister Car Wash by 78.2% in the third quarter. Versor Investments LP now owns 106,400 shares of the company’s stock worth $693,000 after buying an additional 46,700 shares during the period. GSA Capital Partners LLP increased its holdings in Mister Car Wash by 214.9% in the 3rd quarter. GSA Capital Partners LLP now owns 102,307 shares of the company’s stock worth $666,000 after acquiring an additional 69,817 shares in the last quarter. Victory Capital Management Inc. raised its stake in Mister Car Wash by 19.5% during the 3rd quarter. Victory Capital Management Inc. now owns 63,576 shares of the company’s stock worth $414,000 after acquiring an additional 10,377 shares during the period. MQS Management LLC purchased a new position in Mister Car Wash during the third quarter valued at approximately $212,000. Finally, Intech Investment Management LLC bought a new position in shares of Mister Car Wash in the third quarter worth approximately $786,000.

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.