NASDAQ:CART

Maplebear (CART) Stock Price, News & Analysis

$36.70
+1.09 (+3.06%)
(As of 05/3/2024 ET)
Today's Range
$35.51
$36.81
50-Day Range
$31.22
$39.12
52-Week Range
$22.13
$42.95
Volume
2.35 million shs
Average Volume
3.60 million shs
Market Capitalization
$9.78 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$38.79

Maplebear MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
5.7% Upside
$38.79 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.43mentions of Maplebear in the last 14 days
Based on 17 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.

1.96 out of 5 stars

Business Services Sector

1231st out of 1,878 stocks

Business Services, Not Elsewhere Classified Industry

403rd out of 534 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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Maplebear (CART) Set to Announce Earnings on Wednesday
Maplebear (NASDAQ:CART) Shares Gap Down to $36.09
What 10 Analyst Ratings Have To Say About Maplebear
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Today
5/04/2024
Next Earnings (Confirmed)
5/08/2024
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
$38.79
High Stock Price Target
$48.00
Low Stock Price Target
$26.00
Potential Upside/Downside
+5.7%
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
255,338,000
Market Cap
$9.78 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 equities research 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 equities research 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 analysts have issued 1-year price objectives for Maplebear's stock. Their CART share price targets range from $26.00 to $48.00. On average, they anticipate the company's share price to reach $38.79 in the next twelve months. This suggests a possible upside of 5.7% 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 beginning of the year. Since then, CART stock has increased by 56.4% and is now trading at $36.70.
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, May 8th 2024.
View our CART earnings forecast
.

How can I listen to Maplebear's earnings call?

Maplebear will be holding an earnings conference call on Wednesday, May 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Maplebear's earnings last quarter?

Maplebear Inc. (NASDAQ:CART) posted its quarterly earnings data on Tuesday, February, 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.52. The business earned $803 million during the quarter, compared to analysts' expectations of $804.62 million. The firm's revenue for the quarter was up 6.1% on a year-over-year basis.

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 initial public offering (IPO) on Tuesday, September 19th 2023. The company issued 22,000,000 shares at $30.00 per share.

When did Maplebear's lock-up period expire?

Maplebear's lock-up period expired on Monday, March 18th. Maplebear had issued 22,000,000 shares in its initial public offering on September 19th. The total size of the offering was $660,000,000 based on an initial share price of $30.00. Since the end of Maplebear's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company have been lifted.

Who are Maplebear's major shareholders?

Maplebear's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Industry Ventures L.L.C. (0.36%), Simplex Trading LLC (0.00%), Capstone Investment Advisors LLC (0.06%), Hodges Capital Management Inc. (0.06%), Sapient Capital LLC (0.03%) and Udine Wealth Management Inc. (0.02%). 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 5/4/2024 by MarketBeat.com Staff

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