Amcor stock falls after Raymond James reiterates Market Perform rating
In recent trading activity, Joseph Duane Matheny, the Chief Innovation Officer at Mister Car Wash , Inc. (NYSE:MCW), sold 9,000 shares of the company’s common stock. The shares were sold at a price of $7.97 each, amounting to a total transaction value of $71,730. The transaction comes as the $2.49 billion market cap company trades at a P/E ratio of 30.64, which according to InvestingPro analysis, represents a high earnings multiple relative to peers.
On the same day, Matheny also acquired 9,000 shares through stock option exercises at a price of $0.66 per share, totaling $5,940. Following these transactions, Matheny’s direct ownership stands at 84,895 shares, while an additional 45,000 shares are held indirectly through the Emersyn Matheny Irrevocable Trust. InvestingPro data reveals the company maintains a FAIR financial health score, though operating with a significant debt burden. Subscribers can access 8 additional ProTips and a comprehensive Pro Research Report for deeper insights into MCW’s financial position and growth prospects.
In other recent news, Mister Car Wash Inc. reported its first-quarter 2025 earnings, revealing a strong performance with an earnings per share (EPS) of $0.11, surpassing the forecast of $0.10. The company’s revenue reached $261.7 million, exceeding the anticipated $257.84 million. This marks a 9% increase in revenue year-over-year and a 14% growth in adjusted EBITDA, which rose to $86 million. Additionally, Mister Car Wash has raised its full-year guidance for revenue and adjusted EBITDA, reflecting confidence in its strategic initiatives. The company also made significant progress in reducing its debt by $62 million and plans to improve its net leverage ratio to under 2.5x by the end of the year. Analyst feedback has generally been positive, with firms like Morgan Stanley (NYSE:MS) acknowledging the company’s strong subscription model and operational excellence. The company plans to open 30-35 new stores in 2025, with 70% of these openings scheduled for the second half of the year. Mister Car Wash remains cautious about potential consumer spending volatility but is optimistic about its future growth trajectory.
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