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Mister Car Wash (NASDAQ:MCW), a $1.98 billion market cap company currently trading near its 52-week low, saw Chief Executive Officer John Lo-minn Lai sell 33,904 shares of common stock on June 26 at a price of $6.13, for a total transaction value of $207,831. The stock has declined about 16% over the past six months.
The sale follows the exercise of stock options on June 25, where Lai converted 80,000 restricted stock units into common stock. The restricted stock units had no exercise price. According to InvestingPro analysis, MCW’s overall financial health score is rated as "FAIR," with notable volatility in its stock price movements.
Following the sale, Lai directly owns 4,578,350 shares of Mister Car Wash. Lai also indirectly owns 2,498,330 shares through The JLKL 2020 Irrevocable Family Trust. Get deeper insights into insider trading patterns and 11 additional key ProTips with InvestingPro’s comprehensive research report.
In other recent news, Mister Car Wash reported a strong financial performance for the first quarter of 2025. The company exceeded earnings expectations with an earnings per share (EPS) of $0.11, surpassing the forecast of $0.10. Revenue also beat projections, reaching $261.7 million compared to the anticipated $257.84 million. This performance was bolstered by a 9% increase in revenue and a 14% growth in adjusted EBITDA, with the company also making significant progress in reducing its debt by $62 million.
In a separate development, Goldman Sachs analysts downgraded Mister Car Wash’s stock rating to "Sell," setting a price target of $6.25. The analysts cited concerns about the competitive market environment and potential challenges in the second half of 2025, such as more difficult year-over-year comparisons and the impact of planned price increases on customer churn. Despite these challenges, the analysts acknowledged the company’s strong operational capabilities and long-term growth potential.
Mister Car Wash has also raised its full-year guidance for revenue and adjusted EBITDA, reflecting its optimistic outlook despite potential consumer spending volatility. The company plans to open 30-35 new stores in 2025, with a focus on strategic expansion and innovation to drive growth.
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