MCW Mister Car Wash, Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 2/4 quarters. Q1 2024: $0M, Q3 2022: $0M, Q2 2022: $0M, Q1 2022: $0M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $0M (-100%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-346M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 5,997,388 shares = 3.7% of 328,282,533 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $0M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 1658777.4x more than bought. 4 C-suite officers among sellers

• Lai John Lo-minn (Chief Executive Officer) sold 22,037 shares on 2026-03-02
• Gold Jedidiah Marc (Chief Financial Officer) sold 4,761 shares on 2026-03-02
• Matheny Joseph Duane (Chief Innovation Officer) sold 2,318 shares on 2026-03-02
• Gold Jedidiah Marc (Chief Financial Officer) sold 6,357 shares on 2025-06-26
• Lai John Lo-minn (Chief Executive Officer) sold 33,904 shares on 2025-06-26
• Matheny Joseph Duane (Chief Innovation Officer) sold 2,119 shares on 2025-06-26
• Matheny Joseph Duane (Chief Innovation Officer) sold 102,456 shares on 2025-06-23
• Porter Mary Lyn (Chief People Officer) sold 6,303 shares on 2025-06-02
• Matheny Joseph Duane (Chief Innovation Officer) sold 2,625 shares on 2025-06-02
• Lai John Lo-minn (Chief Executive Officer) sold 41,997 shares on 2025-06-02