Analysts Offer Predictions for Maplebear FY2026 Earnings

Maplebear Inc. (NASDAQ:CART - Free Report) - Investment analysts at Cantor Fitzgerald issued their FY2026 earnings per share estimates for shares of Maplebear in a report issued on Monday, June 9th. Cantor Fitzgerald analyst D. Mathivanan forecasts 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 objective on the stock. The consensus estimate for Maplebear's current full-year earnings is $1.43 per share.

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

Other equities analysts have also recently issued reports about the stock. FBN Securities began coverage on shares of Maplebear in a research note on Friday, March 28th. They set a "sector perform" rating and a $44.00 price target on the stock. Barclays upped their target price on shares of Maplebear from $58.00 to $61.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Wells Fargo & Company dropped their target price on shares of Maplebear from $47.00 to $44.00 and set an "equal weight" rating for the company in a report on Thursday, April 3rd. Morgan Stanley boosted their price target on Maplebear from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Finally, Citigroup increased their price objective on shares of Maplebear from $55.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Thirteen investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Maplebear has a consensus rating of "Moderate Buy" and an average target price of $51.91.

Maplebear Stock Performance

NASDAQ:CART traded down $0.71 during trading hours on Tuesday, hitting $43.37. The company's stock had a trading volume of 3,407,036 shares, compared to its average volume of 4,017,132. Maplebear has a 52-week low of $29.84 and a 52-week high of $53.44. The business's 50-day moving average is $43.76 and its two-hundred day moving average is $43.73. The company has a market capitalization of $11.39 billion, a PE ratio of 29.11, a PEG ratio of 1.19 and a beta of 1.30.

Institutional Trading of Maplebear

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position 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 purchasing an additional 546,472 shares during the period. Victory Capital Management Inc. grew its stake in shares of Maplebear by 62.8% in the first quarter. Victory Capital Management Inc. now owns 7,368,232 shares of the company's stock valued at $293,919,000 after buying an additional 2,841,559 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Maplebear by 10.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,226,979 shares of the company's stock valued at $208,505,000 after buying an additional 482,327 shares in the last quarter. Altimeter Capital Management LP raised its holdings in shares of Maplebear by 31.9% during 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 period. Finally, Jacobs Levy Equity Management Inc. lifted its position in Maplebear by 85.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 3,081,847 shares of the company's stock worth $127,650,000 after acquiring an additional 1,416,426 shares in the last quarter. 63.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Maplebear

In other news, General Counsel Morgan Fong sold 5,249 shares of Maplebear stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $42.57, for a total value of $223,449.93. Following the transaction, the general counsel now directly owns 484,292 shares of the company's stock, valued at $20,616,310.44. The trade was a 1.07% decrease in their position. The transaction was disclosed in a document filed 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 value of $200,476.25. Following the sale, the director now owns 20,829 shares of the company's stock, valued at $988,336.05. The trade was a 16.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,640 shares of company stock valued at $843,579. Company insiders own 26.00% of the company's stock.

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.