NASDAQ:CART

Maplebear (CART) Stock Price, News & Analysis

$36.09
-1.39 (-3.71%)
(As of 05/9/2024 ET)
Today's Range
$35.32
$38.87
50-Day Range
$32.54
$39.12
52-Week Range
$22.13
$42.95
Volume
7.58 million shs
Average Volume
4.14 million shs
Market Capitalization
$9.62 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$40.89

Maplebear MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
13.3% Upside
$40.89 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.68mentions of Maplebear in the last 14 days
Based on 51 Articles This Week
Insider Trading
Acquiring Shares
$61.77 M Bought Last Quarter
Proj. Earnings Growth
67.92%
From $0.53 to $0.89 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.75 out of 5 stars

Business Services Sector

159th out of 310 stocks

Business Services, Not Elsewhere Classified Industry

55th out of 90 stocks

CART stock logo

About Maplebear Stock (NASDAQ:CART)

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.

CART Stock Price History

CART Stock News Headlines

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Wedbush Reaffirms Their Hold Rating on Maplebear (CART)
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Maplebear: Q1 Earnings Snapshot
Maplebear 1Q EPS 43c >CART
See More Headlines
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Company Calendar

Last Earnings
5/08/2024
Today
5/10/2024
Next Earnings (Estimated)
8/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:CART
Fax
N/A
Employees
3,380
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$40.89
High Stock Price Target
$48.00
Low Stock Price Target
$26.00
Potential Upside/Downside
+13.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
23 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$3.04 billion
Book Value
$13.38 per share

Miscellaneous

Free Float
170,559,000
Market Cap
$9.62 billion
Optionable
Optionable
Beta
N/A
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Key Executives

  • Ms. Fidji Simo (Age 37)
    CEO & Chair
    Comp: $1.51M
  • Mr. Nick Giovanni (Age 48)
    CFO & Treasurer
    Comp: $812.57k
  • Mr. Morgan William Fong (Age 48)
    General Counsel & Secretary
    Comp: $872.57k
  • Mr. Mike Dee
    Co-founder
  • Mr. Alan Ramsay (Age 54)
    Chief Accounting Officer
  • Rebecca Yoshiyama
    Vice President of Investor Relations
  • Ms. Laura Jones
    Chief Marketing Officer
  • Ms. Christina Hall
    Chief Human Resources Officer
  • Mr. Chris Rogers
    Chief Business Officer
  • Mr. Daniel Danker
    Chief Product Officer

CART Stock Analysis - Frequently Asked Questions

Should I buy or sell Maplebear stock right now?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Maplebear in the last year. There are currently 10 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CART shares.
View CART analyst ratings
or view top-rated stocks.

What is Maplebear's stock price target for 2024?

23 brokerages have issued 1 year target prices for Maplebear's shares. Their CART share price targets range from $26.00 to $48.00. On average, they predict the company's share price to reach $40.89 in the next year. This suggests a possible upside of 13.3% from the stock's current price.
View analysts price targets for CART
or view top-rated stocks among Wall Street analysts.

How have CART shares performed in 2024?

Maplebear's stock was trading at $23.47 at the start of the year. Since then, CART stock has increased by 53.8% and is now trading at $36.09.
View the best growth stocks for 2024 here
.

When is Maplebear's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024.
View our CART earnings forecast
.

How were Maplebear's earnings last quarter?

Maplebear Inc. (NASDAQ:CART) released its quarterly earnings results on Wednesday, May, 8th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.39. The company earned $820 million during the quarter, compared to analysts' expectations of $794.08 million. The company's quarterly revenue was up 8.0% compared to the same quarter last year.

What other stocks do shareholders of Maplebear own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Maplebear investors own include Ladder Capital (LADR), Bojangles' (BOJA), Duke Energy (DUK), GoPro (GPRO), Leggett & Platt (LEG), MGM Resorts International (MGM), Whirlpool (WHR), Albemarle (ALB), TD Ameritrade (AMTD) and Angi (ANGI).

When did Maplebear IPO?

Maplebear (CART) raised $660 million in an IPO on Tuesday, September 19th 2023. The company issued 22,000,000 shares at $30.00 per share.

When did the company's lock-up period expire?

Maplebear's lock-up period expired on Monday, March 18th. Maplebear had issued 22,000,000 shares in its IPO on September 19th. The total size of the offering was $660,000,000 based on an initial share price of $30.00. Shares of the company owned by major shareholders and company insiders are now eligible to be traded as a result of the expiration of the lock-up period.

Who are Maplebear's major shareholders?

Maplebear's stock is owned by a variety of institutional and retail investors. Top institutional investors include Industry Ventures L.L.C. (0.36%), SG Americas Securities LLC (0.31%), Lord Abbett & CO. LLC (0.29%), Simplex Trading LLC (0.00%), Mitsubishi UFJ Asset Management Co. Ltd. (0.07%) and Capstone Investment Advisors LLC (0.06%). Insiders that own company stock include Alan Ramsay, Fidji Simo, Gcm Grosvenor Inc, Grosvenor Capital Management,, Jeffrey D Jordan, Morgan Fong, Nick Giovanni, Ravi Gupta and Us (Ttgp) Ltd Sc.
View institutional ownership trends
.

How do I buy shares of Maplebear?

Shares of CART stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CART) was last updated on 5/10/2024 by MarketBeat.com Staff

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