Maplebear (CART) to Release Quarterly Earnings on Wednesday

Maplebear (NASDAQ:CART - Get Free Report) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Maplebear to post earnings of $0.03 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Maplebear (NASDAQ:CART - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.52. The company had revenue of $803.00 million for the quarter, compared to analyst estimates of $804.62 million. The company's revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts expect Maplebear to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Maplebear Stock Up 3.9 %

NASDAQ:CART traded up $1.33 during trading hours on Wednesday, hitting $35.46. 4,738,969 shares of the company were exchanged, compared to its average volume of 4,077,532. The company has a fifty day simple moving average of $35.45 and a 200 day simple moving average of $28.68. Maplebear has a one year low of $22.13 and a one year high of $42.95.

Analyst Upgrades and Downgrades

Several research firms have commented on CART. Morgan Stanley started coverage on shares of Maplebear in a research report on Tuesday, January 30th. They set an "equal weight" rating and a $28.00 target price on the stock. Loop Capital initiated coverage on Maplebear in a research note on Friday, April 19th. They set a "buy" rating and a $46.00 price objective on the stock. Benchmark downgraded Maplebear from a "buy" rating to a "hold" rating in a research note on Tuesday, January 23rd. BMO Capital Markets assumed coverage on Maplebear in a research report on Tuesday, January 9th. They set a "market perform" rating and a $26.00 price target on the stock. Finally, Fox Advisors lowered shares of Maplebear from an "overweight" rating to an "equal weight" rating in a research report on Monday, April 1st. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $38.79.

Insider Buying and Selling

In other Maplebear news, CAO Alan Ramsay sold 12,178 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $34.90, for a total transaction of $425,012.20. Following the transaction, the chief accounting officer now directly owns 118,142 shares in the company, valued at $4,123,155.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Alan Ramsay sold 12,178 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $34.90, for a total transaction of $425,012.20. Following the completion of the sale, the chief accounting officer now directly owns 118,142 shares in the company, valued at approximately $4,123,155.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Us (Ttgp) Ltd. Sc purchased 1,036,683 shares of Maplebear stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average price of $27.90 per share, for a total transaction of $28,923,455.70. Following the completion of the transaction, the insider now owns 1,036,683 shares in the company, valued at $28,923,455.70. The disclosure for this purchase can be found here. In the last quarter, insiders bought 2,157,745 shares of company stock worth $61,771,955 and sold 1,055,899 shares worth $30,422,265.

Maplebear Company Profile

Maplebear Inc, doing business as Instacart, provides online grocery shopping services to households in North America. It sells and delivers grocery products. The company offers its services through a mobile application and website. It also provides software-as-a-service solutions to retailers. The company was incorporated in 2012 and is based in San Francisco, California.