Maplebear (CART) Expected to Announce Earnings on Thursday

Maplebear (NASDAQ:CART - Get Free Report) is expected to release its Q1 2025 earnings data after the market closes on Thursday, May 1st. Analysts expect the company to announce earnings of $0.38 per share and revenue of $896.86 million for the quarter.

Maplebear (NASDAQ:CART - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.16. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. The firm had revenue of $883.00 million for the quarter, compared to analyst estimates of $889.98 million. On average, analysts expect Maplebear to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Maplebear Price Performance

Shares of CART opened at $42.01 on Thursday. The company has a market cap of $11.03 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20. The firm has a 50-day moving average of $41.48 and a 200-day moving average of $43.55. Maplebear has a one year low of $29.84 and a one year high of $53.44.

Insider Activity at Maplebear

In other news, CEO Fidji Simo sold 20,750 shares of Maplebear stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $43.31, for a total value of $898,682.50. Following the transaction, the chief executive officer now owns 1,662,692 shares in the company, valued at approximately $72,011,190.52. This trade represents a 1.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Morgan Fong sold 5,249 shares of the business's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $42.57, for a total value of $223,449.93. Following the transaction, the general counsel now directly owns 484,292 shares of the company's stock, valued at $20,616,310.44. This trade represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,165 shares of company stock valued at $1,541,785 over the last quarter. 26.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CART has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $56.00 price target on shares of Maplebear in a research report on Wednesday, February 26th. Macquarie lifted their target price on Maplebear from $52.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Oppenheimer dropped their price target on Maplebear from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Stifel Nicolaus cut their price target on Maplebear from $57.00 to $54.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Wells Fargo & Company decreased their price objective on shares of Maplebear from $47.00 to $44.00 and set an "equal weight" rating on the stock in a report on Thursday, April 3rd. Twelve investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $50.48.

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.

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