Maplebear (NASDAQ:CART) Posts Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• Maplebear reported $0.60 in quarterly EPS, $0.03 below analyst expectations, while revenue reached $1.09 billion—above estimates and up 16.6% year over year.
• Shares fell $1.10 to $57.32 during Thursday trading. Analysts maintain a “Moderate Buy” consensus, with an average price target of $58.53.
• Insiders sold 309,928 shares worth approximately $16.1 million during the quarter, including sales by Director Ravi Gupta and CFO Emily Reuter.

Maplebear (NASDAQ:CART - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03), FiscalAI reports. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Maplebear had a return on equity of 20.19% and a net margin of 11.97%. The company's revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share.

Maplebear Price Performance

NASDAQ CART traded down $1.10 during midday trading on Thursday, hitting $57.32. 15,359,737 shares of the company traded hands, compared to its average volume of 4,651,059. The company has a market cap of $13.27 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 1.10 and a beta of 0.87. The company's 50-day simple moving average is $48.81 and its 200-day simple moving average is $43.15. Maplebear has a 52 week low of $32.73 and a 52 week high of $62.00.

Analyst Ratings Changes

A number of equities analysts have recently commented on CART shares. Wall Street Zen lowered shares of Maplebear from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. BNP Paribas Exane raised Maplebear from an "underperform" rating to a "neutral" rating and set a $56.00 target price for the company in a research report on Friday, August 7th. JPMorgan Chase & Co. upped their target price on Maplebear from $55.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Guggenheim increased their price target on Maplebear from $44.00 to $46.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Finally, Citizens Jmp raised their price target on Maplebear from $60.00 to $65.00 and gave the company a "market outperform" rating in a research note on Monday. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $58.53.

Insider Transactions at Maplebear

In other Maplebear news, Director Ravi Gupta sold 150,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $50.61, for a total transaction of $7,591,500.00. Following the completion of the sale, the director directly owned 591,523 shares of the company's stock, valued at approximately $29,936,979.03. This represents a 20.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Emily Reuter sold 50,000 shares of the firm's stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $55.00, for a total transaction of $2,750,000.00. Following the completion of the sale, the chief financial officer owned 599,337 shares in the company, valued at $32,963,535. This represents a 7.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 309,928 shares of company stock worth $16,121,073. Company insiders own 24.00% of the company's stock.

More Maplebear News

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: DoorDash agreed to acquire Maplebear for approximately $17 billion, with Instacart shareholders expected to receive consideration valued at about $65 per share in cash, DoorDash stock or a combination. The premium valuation provides a potential floor for CART shares, although the final value could vary with DoorDash’s stock price and transaction proration. DoorDash to acquire Instacart for $17 billion
• Positive Sentiment: Instacart’s third-quarter operating performance remained strong: gross transaction value increased 15% year over year, revenue rose 17% to approximately $1.09 billion, GAAP net income reached $147 million and adjusted EBITDA grew 23% to $342 million. The results support the strategic rationale for DoorDash’s grocery expansion. Instacart third-quarter 2026 financial results
• Neutral Sentiment: The transaction is not expected to close until late 2027 or the first half of 2028, leaving shareholders exposed to regulatory review, deal execution risks and fluctuations in DoorDash’s share price. DoorDash plans to buy Instacart
• Negative Sentiment: Maplebear reported third-quarter earnings of $0.60 per share, below consensus estimates of approximately $0.63–$0.64. Revenue beat expectations and increased about 17% year over year, but the profit miss may be weighing on the shares. Maplebear third-quarter earnings miss
• Negative Sentiment: New York City Mayor Zohran Mamdani criticized the DoorDash-Instacart combination, warning it could result in higher prices and worse conditions for delivery workers. Separately, Brodsky & Smith announced an investigation into potential fiduciary-duty violations related to the sale, adding legal and regulatory overhang. Criticism of DoorDash's Instacart deal

Maplebear Company Profile

Maplebear Inc, doing business as Instacart, operates a technology-enabled grocery marketplace that connects consumers with retailers and personal shoppers. Through its website and mobile applications, customers can order groceries and other household products for delivery or pickup from participating supermarkets, specialty food stores, convenience retailers and other merchants.

The company also provides retailers with e-commerce, fulfillment and advertising solutions. Its platform supports online storefronts, order management, delivery logistics, customer engagement and data-driven marketing, allowing retail partners to offer digital shopping services and reach consumers through Instacart's marketplace.

Founded in 2012, Maplebear serves customers across the United States and Canada.

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