Cantor Fitzgerald Forecasts Stronger Earnings for Maplebear

Key Points

• Cantor Fitzgerald has raised its earnings per share (EPS) estimate for Maplebear in FY2026 from $1.80 to $2.02, indicating a positive outlook for the company.
• Maplebear reported a quarterly EPS of $0.41, surpassing expectations of $0.39, along with revenue of $914 million, which was above the forecast of $896.55 million.
• Shares of Maplebear have seen positive ratings shifts from multiple brokerages, with ratings ranging from "hold" to "buy," and a consensus average price target increase to $55.13.

Maplebear Inc. (NASDAQ:CART - Free Report) - Investment analysts at Cantor Fitzgerald upped their FY2026 EPS estimates for Maplebear in a research note issued on Friday, August 8th. Cantor Fitzgerald analyst D. Mathivanan now forecasts that the company will post earnings per share of $2.02 for the year, up from their prior forecast of $1.80. The consensus estimate for Maplebear's current full-year earnings is $1.43 per share.

Maplebear (NASDAQ:CART - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.02. Maplebear had a net margin of 13.76% and a return on equity of 15.69%. The business had revenue of $914.00 million during the quarter, compared to the consensus estimate of $896.55 million. During the same quarter last year, the firm earned $0.20 earnings per share. Maplebear's quarterly revenue was up 11.1% on a year-over-year basis.

A number of other brokerages also recently weighed in on CART. Wall Street Zen raised shares of Maplebear from a "hold" rating to a "buy" rating in a research note on Saturday. Stifel Nicolaus lifted their price target on shares of Maplebear from $55.00 to $64.00 and gave the company a "buy" rating in a research note on Friday. Barclays lifted their price target on shares of Maplebear from $61.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday. Robert W. Baird lifted their price target on shares of Maplebear from $47.00 to $52.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Finally, Wells Fargo & Company lifted their price target on shares of Maplebear from $47.00 to $55.00 and gave the company an "equal weight" rating in a research note on Friday. Nine research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $55.13.

Maplebear Stock Up 3.7%

Shares of NASDAQ CART opened at $51.21 on Monday. Maplebear has a twelve month low of $31.15 and a twelve month high of $53.50. The firm has a fifty day simple moving average of $46.70 and a 200 day simple moving average of $44.68. The company has a market capitalization of $13.44 billion, a PE ratio of 29.60, a P/E/G ratio of 1.95 and a beta of 1.21.

Insiders Place Their Bets

In other Maplebear news, CEO Fidji Simo sold 66,560 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $50.01, for a total value of $3,328,665.60. Following the completion of the transaction, the chief executive officer owned 1,965,445 shares of the company's stock, valued at $98,291,904.45. The trade was a 3.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Grosvenor L.P. Gcm sold 4,864,272 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $47.75, for a total transaction of $232,268,988.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,975,327 shares of company stock worth $237,736,848. 26.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Maplebear

Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its stake in shares of Maplebear by 4,154.7% in the 1st quarter. Principal Financial Group Inc. now owns 372,581 shares of the company's stock valued at $14,862,000 after purchasing an additional 363,824 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Maplebear by 18.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,056 shares of the company's stock valued at $82,000 after purchasing an additional 322 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Maplebear by 7.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,166 shares of the company's stock valued at $246,000 after purchasing an additional 433 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Maplebear by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,066 shares of the company's stock valued at $43,000 after purchasing an additional 533 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its stake in shares of Maplebear by 542.8% in the 1st quarter. New York State Teachers Retirement System now owns 101,720 shares of the company's stock valued at $4,058,000 after purchasing an additional 85,896 shares in the last quarter. Hedge funds and other institutional investors own 63.09% of the company's stock.

About Maplebear

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.

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