In addition to the sale, Hartmann acquired 2,028 shares through the vesting of restricted stock units, although these were not sold and have no associated transaction value. These restricted stock units vest in three equal annual installments, beginning on December 1, 2023, contingent upon continued service with the company. According to InvestingPro analysis, MCW currently trades at a high earnings multiple of 33.8x, with notable price volatility. Investors seeking deeper insights can access additional ProTips and comprehensive financial metrics through InvestingPro's detailed research reports. According to InvestingPro analysis, MCW currently trades at a high earnings multiple of 33.8x, with notable price volatility. Investors seeking deeper insights can access additional ProTips and comprehensive financial metrics through InvestingPro's detailed research reports.
In addition to the sale, Hartmann acquired 2,028 shares through the vesting of restricted stock units, although these were not sold and have no associated transaction value. These restricted stock units vest in three equal annual installments, beginning on December 1, 2023, contingent upon continued service with the company.
In other recent news, Mister Car Wash (NYSE:MCW) has reported a steady rise in its third-quarter results, with a 7% increase in sales to $249 million and a 2.9% rise in comparable store sales. The company's adjusted EBITDA grew by 10%, reaching $79 million. These developments are part of the company's continued growth trajectory and optimistic outlook. Additionally, Mister Car Wash has successfully amended its credit agreement to secure more favorable terms for its existing loans, a significant move given its substantial debt burden. The amendment includes a reduction in margins and a reset of soft call protection for the company's term loans. The company also plans to open approximately 40 new stores in the coming year. Analysts anticipate full-year net revenue to be between $988 million and $995 million, with an adjusted net income expected to be between $114 million and $117 million. These recent developments suggest a positive business momentum for Mister Car Wash.
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