Maplebear FY2025 EPS Estimate Raised by Cantor Fitzgerald

Maplebear Inc. (NASDAQ:CART) – Equities research analysts at Cantor Fitzgerald increased their FY2025 earnings estimates for Maplebear in a report released on Wednesday, February 26th. Cantor Fitzgerald analyst D. Mathivanan now expects that the company will post earnings per share of $1.52 for the year, up from their previous forecast of $1.21. Cantor Fitzgerald has a “Overweight” rating and a $55.00 price target on the stock. The consensus estimate for Maplebear’s current full-year earnings is $1.43 per share.

Other research analysts also recently issued research reports about the stock. JMP Securities lifted their price objective on shares of Maplebear from $42.00 to $51.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 13th. Mizuho cut their price target on shares of Maplebear from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 price target on shares of Maplebear in a research report on Wednesday. Wells Fargo & Company initiated coverage on Maplebear in a research report on Friday, January 10th. They issued an “equal weight” rating and a $47.00 price objective for the company. Finally, Bank of America boosted their target price on Maplebear from $51.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.92.

Maplebear Price Performance

CART opened at $40.74 on Friday. The firm has a market capitalization of $10.47 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 1.19 and a beta of 1.07. The business’s 50-day moving average is $46.45 and its two-hundred day moving average is $42.66. Maplebear has a 1 year low of $29.84 and a 1 year high of $53.44.

Maplebear (NASDAQ:CART) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. The business had revenue of $883.00 million for the quarter, compared to the consensus estimate of $889.98 million. Maplebear had a return on equity of 13.78% and a net margin of 13.37%.

Insider Transactions at Maplebear

In related news, CEO Fidji Simo sold 20,750 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $42.74, for a total value of $886,855.00. Following the completion of the transaction, the chief executive officer now owns 1,771,993 shares of the company’s stock, valued at approximately $75,734,980.82. This represents a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Alan Ramsay sold 2,247 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $42.14, for a total value of $94,688.58. Following the completion of the sale, the chief accounting officer now directly owns 87,735 shares in the company, valued at approximately $3,697,152.90. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,311 shares of company stock valued at $1,088,636 in the last 90 days. 36.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Maplebear in the 3rd quarter worth $74,000. New York State Teachers Retirement System increased its stake in shares of Maplebear by 704.1% during the third quarter. New York State Teachers Retirement System now owns 15,824 shares of the company’s stock worth $645,000 after purchasing an additional 13,856 shares in the last quarter. US Bancorp DE raised its position in shares of Maplebear by 429.2% during the 3rd quarter. US Bancorp DE now owns 10,690 shares of the company’s stock worth $436,000 after purchasing an additional 8,670 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Maplebear by 26.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,757 shares of the company’s stock valued at $560,000 after buying an additional 2,901 shares in the last quarter. Finally, Washington University acquired a new stake in Maplebear in the 3rd quarter worth about $238,000. Hedge funds and other institutional investors own 63.09% of the company’s stock.

Maplebear Company Profile

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.