Brokers Set Expectations for Maplebear FY2025 Earnings

Maplebear Inc. (NASDAQ:CART - Free Report) - Equities researchers at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for shares of Maplebear in a note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst D. Mathivanan forecasts that the company will post earnings of $1.21 per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $45.00 price target on the stock. The consensus estimate for Maplebear's current full-year earnings is $1.40 per share.

Maplebear (NASDAQ:CART - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.20. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. The business had revenue of $852.00 million for the quarter, compared to analysts' expectations of $844.03 million. During the same quarter in the prior year, the company earned ($20.86) earnings per share. The business's quarterly revenue was up 11.5% on a year-over-year basis.

Other research analysts have also issued reports about the company. Wells Fargo & Company assumed coverage on Maplebear in a report on Friday, January 10th. They issued an "equal weight" rating and a $47.00 target price for the company. Bank of America boosted their price objective on Maplebear from $50.00 to $51.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Needham & Company LLC raised shares of Maplebear from a "hold" rating to a "buy" rating and set a $56.00 target price on the stock in a report on Monday, January 13th. BMO Capital Markets boosted their price target on shares of Maplebear from $39.00 to $48.00 and gave the stock a "market perform" rating in a report on Wednesday, November 13th. Finally, Morgan Stanley raised their price objective on shares of Maplebear from $41.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $48.31.

Maplebear Stock Down 3.6 %

CART stock traded down $1.68 during midday trading on Wednesday, hitting $44.75. The company's stock had a trading volume of 1,909,233 shares, compared to its average volume of 5,645,660. Maplebear has a 52-week low of $23.59 and a 52-week high of $50.01. The firm has a 50-day simple moving average of $43.42 and a 200-day simple moving average of $40.01. The firm has a market capitalization of $11.50 billion, a P/E ratio of 30.03, a PEG ratio of 1.05 and a beta of 1.04.

Institutional Trading of Maplebear

A number of institutional investors have recently added to or reduced their stakes in CART. American Century Companies Inc. boosted its stake in shares of Maplebear by 14.6% during the 2nd quarter. American Century Companies Inc. now owns 131,707 shares of the company's stock worth $4,233,000 after acquiring an additional 16,783 shares in the last quarter. Amalgamated Bank boosted its position in Maplebear by 545.2% during the second quarter. Amalgamated Bank now owns 9,427 shares of the company's stock worth $303,000 after purchasing an additional 7,966 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in Maplebear in the second quarter valued at $317,000. Canada Pension Plan Investment Board purchased a new position in shares of Maplebear in the second quarter valued at $7,212,000. Finally, Sei Investments Co. acquired a new position in shares of Maplebear during the 2nd quarter worth $825,000. Hedge funds and other institutional investors own 63.09% of the company's stock.

Insider Activity at Maplebear

In other Maplebear news, CEO Fidji Simo sold 20,750 shares of the business's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $44.39, for a total transaction of $921,092.50. Following the sale, the chief executive officer now directly owns 1,803,278 shares in the company, valued at approximately $80,047,510.42. The trade was a 1.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Morgan Fong sold 29,253 shares of the company's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $48.03, for a total transaction of $1,405,021.59. Following the transaction, the general counsel now directly owns 258,406 shares in the company, valued at approximately $12,411,240.18. This trade represents a 10.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,244 shares of company stock worth $4,383,809 in the last three months. Insiders own 36.00% of the company's stock.

About Maplebear

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.