Cantor Fitzgerald Comments on Maplebear FY2026 Earnings

Maplebear Inc. (NASDAQ:CART - Free Report) - Analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for shares of Maplebear in a research note issued to investors on Monday, June 9th. Cantor Fitzgerald analyst D. Mathivanan anticipates that the company will post earnings of $1.80 per share for the year. Cantor Fitzgerald has a "Overweight" rating and a $55.00 price target on the stock. The consensus estimate for Maplebear's current full-year earnings is $1.43 per share.

Several other analysts also recently issued reports on the stock. Mizuho cut their target price on shares of Maplebear from $55.00 to $52.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Wall Street Zen downgraded shares of Maplebear from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Jefferies Financial Group increased their target price on shares of Maplebear from $48.00 to $50.00 and gave the stock a "hold" rating in a research report on Tuesday, May 27th. JPMorgan Chase & Co. decreased their target price on shares of Maplebear from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Oppenheimer cut their price objective on Maplebear from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Thirteen equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Maplebear currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.91.

Maplebear Stock Down 3.8%

Shares of NASDAQ CART traded down $1.74 during mid-day trading on Tuesday, hitting $44.18. 3,458,602 shares of the company traded hands, compared to its average volume of 4,017,139. Maplebear has a 1 year low of $29.84 and a 1 year high of $53.44. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 1.19 and a beta of 1.30. The business has a 50 day moving average of $43.28 and a two-hundred day moving average of $43.72.

Maplebear (NASDAQ:CART - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). Maplebear had a return on equity of 13.78% and a net margin of 13.37%. The firm had revenue of $897.00 million during the quarter, compared to the consensus estimate of $896.86 million. During the same period in the prior year, the firm posted $0.43 EPS. The firm's quarterly revenue was up 9.4% on a year-over-year basis.

Insider Activity

In other news, CEO Fidji Simo sold 2,033 shares of Maplebear stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $40.00, for a total value of $81,320.00. Following the completion of the transaction, the chief executive officer now owns 1,654,559 shares of the company's stock, valued at $66,182,360. This trade represents a 0.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Levien Meredith A. Kopit sold 4,225 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $47.45, for a total transaction of $200,476.25. Following the transaction, the director now owns 20,829 shares in the company, valued at $988,336.05. This represents a 16.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,640 shares of company stock worth $843,579 over the last quarter. 26.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Maplebear

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Maplebear by 3.4% in the first quarter. Vanguard Group Inc. now owns 16,514,830 shares of the company's stock valued at $658,777,000 after buying an additional 546,472 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Maplebear by 62.8% during the 1st quarter. Victory Capital Management Inc. now owns 7,368,232 shares of the company's stock worth $293,919,000 after buying an additional 2,841,559 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Maplebear by 10.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,226,979 shares of the company's stock worth $208,505,000 after buying an additional 482,327 shares during the period. Altimeter Capital Management LP grew its stake in Maplebear by 31.9% in the 1st quarter. Altimeter Capital Management LP now owns 3,348,128 shares of the company's stock valued at $133,557,000 after buying an additional 810,510 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Maplebear by 85.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 3,081,847 shares of the company's stock valued at $127,650,000 after buying an additional 1,416,426 shares during the last quarter. 63.09% of the stock is currently owned by institutional investors and hedge funds.

Maplebear Company Profile

Maplebear Inc, doing business as Instacart, engages in the provision of online grocery shopping services to households in North America. It sells and delivers grocery products, as well as pickup services through a mobile application and website. It also operates virtual convenience stores; and provides software-as-a-service solutions to retailers.