Cantor Fitzgerald Forecasts Stronger Earnings for Maplebear

Key Points

• Cantor Fitzgerald raised its FY2025 earnings per share (EPS) estimate for Maplebear to $1.81, indicating a slight increase from its previous estimate of $1.80.
• The company's stock has received various ratings, with two analysts giving it a Strong Buy rating and a current consensus rating of "Moderate Buy" with an average target price of $52.40.
• Maplebear's recent quarterly earnings report showed a significant earnings beat with $0.41 EPS compared to the consensus estimate of $0.39, demonstrating growth with an 11.1% increase in revenue year-over-year.

Maplebear Inc. (NASDAQ:CART - Free Report) - Analysts at Cantor Fitzgerald lifted their FY2025 EPS estimates for Maplebear in a note issued to investors on Monday, October 20th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the company will earn $1.81 per share for the year, up from their prior estimate of $1.80. The consensus estimate for Maplebear's current full-year earnings is $1.43 per share. Cantor Fitzgerald also issued estimates for Maplebear's FY2026 earnings at $2.04 EPS.

CART has been the topic of a number of other research reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Maplebear in a research report on Tuesday, October 14th. Benchmark raised shares of Maplebear from a "hold" rating to a "buy" rating and set a $67.00 price target on the stock in a research report on Friday, August 8th. Needham & Company LLC lifted their price objective on shares of Maplebear from $56.00 to $66.00 and gave the company a "buy" rating in a report on Friday, August 8th. Mizuho assumed coverage on shares of Maplebear in a research note on Tuesday, September 30th. They set a "neutral" rating and a $45.00 target price on the stock. Finally, Robert W. Baird cut their target price on shares of Maplebear from $60.00 to $50.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $52.40.

Maplebear Price Performance

NASDAQ CART opened at $38.95 on Tuesday. The firm's 50-day moving average is $42.61 and its two-hundred day moving average is $44.25. Maplebear has a 12 month low of $34.87 and a 12 month high of $53.50. The stock has a market capitalization of $10.26 billion, a P/E ratio of 22.51, a PEG ratio of 1.18 and a beta of 1.10.

Maplebear (NASDAQ:CART - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $914.00 million during the quarter, compared to analyst estimates of $896.55 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Maplebear's quarterly revenue was up 11.1% on a year-over-year basis.

Institutional Investors Weigh In On Maplebear

A number of hedge funds and other institutional investors have recently bought and sold shares of CART. Brooklyn Investment Group acquired a new stake in Maplebear in the first quarter valued at $40,000. Spire Wealth Management acquired a new stake in Maplebear in the first quarter valued at $41,000. CWM LLC raised its stake in Maplebear by 35.1% in the 1st quarter. CWM LLC now owns 1,058 shares of the company's stock valued at $42,000 after purchasing an additional 275 shares during the last quarter. Golden State Wealth Management LLC raised its stake in 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 during the last quarter. Finally, GAMMA Investing LLC raised its stake in Maplebear by 87.1% in the 1st quarter. GAMMA Investing LLC now owns 1,334 shares of the company's stock valued at $53,000 after purchasing an additional 621 shares during the last quarter. Institutional investors and hedge funds own 63.09% of the company's stock.

Insider Activity

In related news, Director Fidji Simo sold 7,140 shares of Maplebear stock in a transaction on Monday, September 15th. The shares were sold at an average price of $47.30, for a total value of $337,722.00. Following the transaction, the director directly owned 573,807 shares in the company, valued at $27,141,071.10. This trade represents a 1.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Grosvenor L.P. Gcm sold 4,864,272 shares of Maplebear stock in a transaction on Friday, July 25th. The shares were 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. In the last 90 days, insiders have sold 4,894,922 shares of company stock valued at $233,642,708. Corporate insiders own 26.00% 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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