Maplebear (CART) Projected to Post Earnings on Tuesday

Maplebear (NASDAQ:CART - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 11th. Analysts expect Maplebear to post earnings of $0.36 per share and revenue of $889.51 million for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

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

NASDAQ CART traded up $0.62 on Friday, reaching $49.21. The company had a trading volume of 2,542,468 shares, compared to its average volume of 4,283,458. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 1.09 and a beta of 1.07. Maplebear has a fifty-two week low of $24.43 and a fifty-two week high of $50.11. The business has a 50 day moving average of $44.50 and a two-hundred day moving average of $40.99.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CART shares. JPMorgan Chase & Co. raised their price objective on Maplebear from $47.00 to $52.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Bank of America raised their price target on shares of Maplebear from $50.00 to $51.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Oppenheimer upped their price objective on shares of Maplebear from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Loop Capital lifted their target price on shares of Maplebear from $49.00 to $56.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Finally, Barclays upped their price target on shares of Maplebear from $48.00 to $56.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Thirteen 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $48.96.

Insider Buying and Selling at Maplebear

In other Maplebear news, CAO Alan Ramsay sold 2,314 shares of Maplebear stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $46.28, for a total transaction of $107,091.92. Following the transaction, the chief accounting officer now directly owns 85,421 shares of the company's stock, valued at $3,953,283.88. The trade was a 2.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Fidji Simo sold 20,750 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $42.74, for a total transaction of $886,855.00. Following the transaction, the chief executive officer now directly owns 1,771,993 shares in the company, valued at $75,734,980.82. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,555 shares of company stock worth $2,164,787. 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.