Q1 Earnings Estimate for Maplebear Issued By Seaport Res Ptn

Maplebear Inc. (NASDAQ:CART - Free Report) - Research analysts at Seaport Res Ptn decreased their Q1 2025 earnings per share estimates for Maplebear in a report issued on Tuesday, February 25th. Seaport Res Ptn analyst A. Kessler now anticipates that the company will post earnings per share of $0.35 for the quarter, down from their previous forecast of $0.40. Seaport Res Ptn has a "Strong-Buy" rating on the stock. The consensus estimate for Maplebear's current full-year earnings is $1.43 per share. Seaport Res Ptn also issued estimates for Maplebear's Q2 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.40 EPS, FY2025 earnings at $1.48 EPS and FY2026 earnings at $1.75 EPS.

Maplebear (NASDAQ:CART - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.53 earnings per share for the quarter, beating 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 company had revenue of $883.00 million during the quarter, compared to analyst estimates of $889.98 million.

Several other equities research analysts have also weighed in on CART. Piper Sandler raised their price objective on Maplebear from $50.00 to $58.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Benchmark reiterated a "hold" rating on shares of Maplebear in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on Maplebear from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday. Stifel Nicolaus lifted their target price on shares of Maplebear from $56.00 to $57.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $55.00 price target on shares of Maplebear in a research report on Wednesday. Thirteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Maplebear presently has a consensus rating of "Moderate Buy" and an average price target of $49.92.

Maplebear Stock Up 0.9 %

NASDAQ:CART traded up $0.35 during trading hours on Thursday, reaching $41.09. 5,558,472 shares of the company's stock were exchanged, compared to its average volume of 4,521,604. The company has a market capitalization of $10.56 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 1.19 and a beta of 1.07. Maplebear has a 12 month low of $29.84 and a 12 month high of $53.44. The business's 50-day simple moving average is $46.43 and its two-hundred day simple moving average is $42.80.

Insider Buying and Selling at Maplebear

In related news, CEO Fidji Simo sold 20,750 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $43.31, for a total value of $898,682.50. Following the completion of the sale, the chief executive officer now directly owns 1,662,692 shares in the company, valued at approximately $72,011,190.52. This represents a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Alan Ramsay sold 2,314 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $46.28, for a total transaction of $107,091.92. Following the completion of the sale, the chief accounting officer now owns 85,421 shares of the company's stock, valued at $3,953,283.88. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,061 shares of company stock worth $1,987,318 over the last ninety days. 36.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Maplebear

Large investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its position in Maplebear by 46.6% during the fourth quarter. Jones Financial Companies Lllp now owns 698 shares of the company's stock worth $29,000 after purchasing an additional 222 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Maplebear during the 3rd quarter worth $33,000. Allworth Financial LP boosted its holdings in Maplebear by 101.4% during the fourth quarter. Allworth Financial LP now owns 834 shares of the company's stock valued at $37,000 after acquiring an additional 420 shares during the period. NewEdge Advisors LLC boosted its holdings in Maplebear by 277.9% during the fourth quarter. NewEdge Advisors LLC now owns 975 shares of the company's stock valued at $40,000 after acquiring an additional 717 shares during the period. Finally, Anderson Financial Strategies LLC bought a new stake in Maplebear during the fourth quarter valued at about $46,000. Institutional investors own 63.09% 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.