Cantor Fitzgerald Weighs in on Maplebear FY2025 Earnings

Maplebear Inc. (NASDAQ:CART - Free Report) - Research analysts 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 per share of $1.21 for the year. Cantor Fitzgerald has a "Overweight" rating and a $45.00 price objective 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 released its quarterly earnings results on Tuesday, November 12th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $844.03 million. During the same quarter last year, the company earned ($20.86) earnings per share. The business's quarterly revenue was up 11.5% compared to the same quarter last year.

A number of other equities analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Maplebear in a research note on Tuesday, December 3rd. They issued a "hold" rating and a $37.00 price target for the company. BMO Capital Markets boosted their price target on Maplebear from $39.00 to $48.00 and gave the company a "market perform" rating in a report on Wednesday, November 13th. Jefferies Financial Group started coverage on Maplebear in a research report on Wednesday, October 16th. They set a "hold" rating and a $43.00 price target on the stock. Bank of America lifted their price objective on shares of Maplebear from $50.00 to $51.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Finally, 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. Thirteen investment 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $48.96.

Maplebear Stock Up 1.9 %

Shares of CART traded up $0.84 during midday trading on Wednesday, hitting $45.45. The company had a trading volume of 2,591,479 shares, compared to its average volume of 5,514,483. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 1.08 and a beta of 1.04. The company's 50 day moving average price is $43.45 and its 200 day moving average price is $40.04. Maplebear has a 52 week low of $23.59 and a 52 week high of $50.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Portman Ltd purchased a new stake in Maplebear in the 3rd quarter worth approximately $3,196,000. State Street Corp raised its holdings in shares of Maplebear by 48.3% during the third quarter. State Street Corp now owns 2,552,617 shares of the company's stock worth $103,994,000 after acquiring an additional 831,795 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Maplebear during the third quarter worth $1,442,000. Charles Schwab Investment Management Inc. boosted its position in Maplebear by 5,191.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,489,655 shares of the company's stock valued at $60,689,000 after purchasing an additional 1,461,501 shares during the last quarter. Finally, Zacks Investment Management purchased a new position in Maplebear in the third quarter valued at about $4,853,000. Hedge funds and other institutional investors own 63.09% of the company's stock.

Insider Buying and Selling at Maplebear

In other news, CEO Fidji Simo sold 20,750 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was 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 of the company's stock, valued at $80,047,510.42. The trade was a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Alan Ramsay sold 2,314 shares of the business's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $46.28, for a total value of $107,091.92. Following the sale, the chief accounting officer now owns 85,421 shares in the company, valued at approximately $3,953,283.88. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,558 shares of company stock valued at $4,490,901. 36.00% of the stock is owned by corporate insiders.

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.