Maplebear (CART) Stock Price, News & Analysis

Company Overview

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. The company was incorporated in 2012 and is based in San Francisco, California.

Key Stats

• Today's Range: $41.66 to $43.12
• 50-Day Range: $31.84 to $44.00
• 52-Week Range: $22.13 to $45.01
• Volume: 3.29 million shs
• Average Volume: 4.01 million shs
• Market Capitalization: $11.30 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $43.10
• Consensus Rating: Moderate Buy

Maplebear Stock Analysis - MarketRank™

Maplebear scored higher than 53% of companies evaluated by MarketBeat, and ranked 25th out of 39 stocks in the consumer cyclical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Maplebear has received a consensus rating of Moderate Buy. The company's average rating score is 2.52, and is based on 13 buy ratings, 12 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Maplebear has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 19.30%

Earnings Growth

Earnings for Maplebear are expected to grow by 19.30% in the coming year, from $1.14 to $1.36 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Maplebear is -2.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Maplebear is -2.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Maplebear has a PEG Ratio of 1.40. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Maplebear has a P/B Ratio of 3.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.22% of the float of Maplebear has been sold short.

Short Interest Ratio / Days to Cover

Maplebear has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in Maplebear has recently increased by 13.42%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Maplebear does not currently pay a dividend.

Dividend Growth

Maplebear does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

10.22% of the float of Maplebear has been sold short.

Short Interest Ratio / Days to Cover

Maplebear has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in Maplebear has recently increased by 13.42%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.64

News Sentiment

Maplebear has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.36 average news sentiment score of Consumer Cyclical companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Maplebear this week, compared to 9 articles on an average week.

Search Interest

Only 7 people have searched for CART on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

MarketBeat Follows

11 people have added Maplebear to their MarketBeat watchlist in the last 30 days. This is an increase of 83% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Maplebear insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,480,317.00 in company stock.

Percentage Held by Insiders

36.00% of the stock of Maplebear is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

63.09% of the stock of Maplebear is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CART Stock Analysis - Frequently Asked Questions

How have CART shares performed this year?

Maplebear's stock was trading at $23.47 at the beginning of 2024. Since then, CART stock has increased by 81.9% and is now trading at $42.70.
View the best growth stocks for 2024 here.

How were Maplebear's earnings last quarter?

Maplebear Inc. (NASDAQ:CART) released its earnings results on Tuesday, August, 6th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.13 by $0.07. The business's quarterly revenue was up 14.9% on a year-over-year basis.

When did Maplebear IPO?

Maplebear (CART) raised $660 million in an initial public offering (IPO) on Tuesday, September 19th 2023. The company issued 22,000,000 shares at a price of $30.00 per share.

Who are Maplebear's major shareholders?

Top institutional shareholders of Maplebear include Renaissance Capital LLC (0.07%), Creative Planning (0.05%), Exchange Traded Concepts LLC (0.02%) and FCF Advisors LLC (0.02%). Insiders that own company stock include Us (Ttgp) Ltd Sc, Ravi Gupta, Fidji Simo, Nick Giovanni, Morgan Fong, Alan Ramsay, Gcm Grosvenor Inc, Jeffrey D Jordan and Grosvenor Capital Management,.
View institutional ownership trends.

How do I buy shares of Maplebear?

Shares of CART stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Maplebear own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Maplebear investors own include Invesco QQQ (QQQ), SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF Trust (DIA), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD) and Tesla (TSLA).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 10/17/2024
• Next Earnings (Confirmed): 11/12/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Business services, not elsewhere classified
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:CART
• CUSIP: N/A
• CIK: 1579091
• Web: www.instacart.com
• Phone: 888-246-7822
• Fax: N/A
• Employees: 3,380
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $43.10
• High Stock Price Target: $50.00
• Low Stock Price Target: $32.00
• Potential Upside/Downside: +0.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.52
• Research Coverage: 25 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($19.79)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 37.46
• P/E Growth: 1.4
• Net Income: $-1,622,000,000.00
• Net Margins: -52.21%
• Pretax Margin: -66.48%
• Return on Equity: -49.98%
• Return on Assets: -38.81%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.45
• Quick Ratio: 3.45

Sales & Book Value

• Annual Sales: $3.21 billion
• Price / Sales: 3.52
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $13.38 per share
• Price / Book: 3.19

Miscellaneous

• Outstanding Shares: 264,699,000
• Free Float: 166,915,000
• Market Cap: $11.30 billion
• Optionable: Optionable
• Beta: N/A