Mary Lyn Porter Sells 2,798 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock (2024)

Posted by Defense World Staff on Jun 8th, 2024

Mister Car Wash, Inc. (NYSE:MCW – Get Free Report) insider Mary Lyn Porter sold 2,798 shares of Mister Car Wash stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $6.91, for a total transaction of $19,334.18. Following the completion of the sale, the insider now directly owns 9,439 shares of the company’s stock, valued at $65,223.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Mister Car Wash Stock Performance

NYSE MCW opened at $6.73 on Friday. The business’s 50-day simple moving average is $7.05 and its 200-day simple moving average is $7.78. The firm has a market capitalization of $2.15 billion, a P/E ratio of 29.26, a P/E/G ratio of 2.12 and a beta of 1.67. Mister Car Wash, Inc. has a 1-year low of $4.80 and a 1-year high of $10.07. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.30 and a quick ratio of 0.26.

Mister Car Wash (NYSE:MCW – Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Mister Car Wash had a net margin of 8.04% and a return on equity of 9.38%. The business had revenue of $239.18 million for the quarter, compared to analyst estimates of $244.06 million. Equities analysts predict that Mister Car Wash, Inc. will post 0.27 EPS for the current year.

Institutional Trading of Mister Car Wash

Several large investors have recently added to or reduced their stakes in MCW. ORG Partners LLC acquired a new stake in shares of Mister Car Wash in the fourth quarter valued at about $43,000. CenterBook Partners LP purchased a new position in shares of Mister Car Wash in the third quarter valued at $80,000. Price T Rowe Associates Inc. MD grew its holdings in Mister Car Wash by 16.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock valued at $135,000 after purchasing an additional 2,479 shares in the last quarter. Pathstone Family Office LLC increased its stake in Mister Car Wash by 59.2% during the 3rd quarter. Pathstone Family Office LLC now owns 19,318 shares of the company’s stock worth $106,000 after buying an additional 7,187 shares during the period. Finally, Bessemer Group Inc. increased its stake in Mister Car Wash by 9.9% during the 1st quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock worth $156,000 after buying an additional 1,824 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MCW shares. JPMorgan Chase & Co. raised Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 price objective for the company in a research report on Friday, May 3rd. Wells Fargo & Company lowered their price target on Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, April 22nd. Mizuho started coverage on shares of Mister Car Wash in a report on Tuesday, March 19th. They set a “buy” rating and a $11.00 price objective on the stock. Finally, Robert W. Baird boosted their target price on shares of Mister Car Wash from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Mister Car Wash presently has an average rating of “Moderate Buy” and an average price target of $9.56.

Check Out Our Latest Research Report on MCW