Mister Car Wash CFO sells shares worth over $1.1 million

Mister Car Wash , Inc. (NYSE:MCW), currently valued at $2.74 billion and trading near its 52-week high of $8.56, saw its Chief Financial Officer Jedidiah Marc Gold recently execute several stock transactions, according to a recent SEC filing. According to InvestingPro analysis, the stock appears overvalued at current levels. On February 28, 2025, Gold sold 42,278 shares of common stock at prices ranging from $8.50 to $8.51, totaling approximately $359,363. Additionally, on March 3, 2025, he sold another 88,502 shares at prices ranging from $8.50 to $8.57, amounting to about $751,152. These transactions collectively brought in over $1.1 million, occurring as the stock has gained 12.48% in the past week and trades at a P/E ratio of 37.2x.

On March 3, 2025, Gold also sold 4,619 shares at $8.44 each, totaling $38,984. The sales were part of a series of transactions, including multiple acquisitions of common stock through option exercises at a price of $2.12 per share, and one acquisition at no cost.

These transactions were part of a pre-arranged trading plan, and the sales were primarily executed to cover taxes and fees related to the vesting and settlement of restricted stock unit awards. Following these transactions, Gold holds 55,437 shares directly.

In other recent news, Mister Car Wash Inc. has reported its fourth-quarter 2024 earnings, exceeding analysts’ expectations with an earnings per share of $0.09, surpassing the forecasted $0.07. The company’s net revenues for the quarter increased by 9% to $251 million, driven by strategic innovations and expansion efforts, including the launch of the new Titanium membership service. Mister Car Wash opened 40 new locations, surpassing the 500-store milestone, and reported a full-year revenue of $1 billion, a 7% increase from the previous year. Adjusted EBITDA for the fourth quarter was $78 million, marking a 13% year-over-year increase.

Stifel analysts have responded to these developments by raising the price target for Mister Car Wash to $8.50 from $8.00, while maintaining a Hold rating. This adjustment comes after the company reported a 6% rise in same-store sales (SSS), outperforming both Stifel’s projection and the consensus estimate. Despite the positive performance, Mister Car Wash has expressed caution in its outlook for the remainder of the year, citing the impact of favorable weather on recent results. The company plans to increase marketing efforts and adjust pricing for its Base Unlimited Wash Club package, aiming to improve margin performance.

Looking ahead to 2025, Mister Car Wash anticipates net revenues between $1.038 billion and $1.064 billion, with comparable store sales growth projected at 1-3%. The company expects adjusted EBITDA to range from $334 million to $346 million, with adjusted net income per share forecasted at $0.43-$0.45. These projections reflect the company’s strategic focus on expansion and innovation, as well as its cautious approach to market conditions.

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