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: $40.42 to $42.23
• 50-Day Range: $36.32 to $48.66
• 52-Week Range: $22.13 to $50.01
• Volume: 6.72 million shs
• Average Volume: 3.89 million shs
• Market Capitalization: $10.68 billion
• P/E Ratio: 27.91
• Dividend Yield: N/A
• Price Target: $47.29
• Consensus Rating: Moderate Buy

Maplebear Stock Analysis - MarketRank™

Maplebear scored higher than 89% of companies evaluated by MarketBeat, and ranked 58th out of 215 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 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 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 15.00%

Earnings Growth

Earnings for Maplebear are expected to grow by 15.00% in the coming year, from $1.40 to $1.61 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Maplebear is 27.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Maplebear is 27.91, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 96.69.

Price to Earnings Growth Ratio

Maplebear has a PEG Ratio of 1.11. 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 3.72. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

7.06% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Maplebear has recently decreased by 4.09%, indicating that investor sentiment is improving.

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

7.06% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Maplebear has recently decreased by 4.09%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.86

News Sentiment

Maplebear has a news sentiment score of 0.86. 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 0.62 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 30 news articles for Maplebear this week, compared to 10 articles on an average week.

Search Interest

36 people have searched for CART on MarketBeat in the last 30 days. This is an increase of 620% compared to the previous 30 days.

MarketBeat Follows

16 people have added Maplebear to their MarketBeat watchlist in the last 30 days. This is an increase of 45% 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 $4,978,164.00 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 shares have increased by 77.2% and is now trading at $41.58.
View the best growth stocks for 2024 here.

How were Maplebear's earnings last quarter?

Maplebear Inc. (NASDAQ:CART) posted its quarterly earnings data on Tuesday, November, 12th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.20. The firm's revenue was up 11.5% compared to the same quarter last year.

When did Maplebear IPO?

Maplebear (CART) raised $660 million in an initial public offering 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?

Maplebear's top institutional shareholders include D1 Capital Partners L.P. (8.65%), Pacer Advisors Inc. (1.49%), AH Capital Management L.L.C. (1.07%) and Geode Capital Management LLC (1.05%). 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: 11/12/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/11/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Retail/Wholesale
• 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: $47.29
• High Stock Price Target: $60.00
• Low Stock Price Target: $32.00
• Potential Upside/Downside: +13.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.52
• Research Coverage: 25 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.49
• Trailing P/E Ratio: 27.91
• Forward P/E Ratio: 29.70
• P/E Growth: 1.09
• Net Income: $-1,622,000,000.00
• Net Margins: 13.37%
• Pretax Margin: 13.89%
• Return on Equity: 13.78%
• Return on Assets: 10.51%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.06
• Quick Ratio: 3.06

Sales & Book Value

• Annual Sales: $3.04 billion
• Price / Sales: 3.51
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $13.38 per share
• Price / Book: 3.11

Miscellaneous

• Outstanding Shares: 256,890,000
• Free Float: 164,413,000
• Market Cap: $10.68 billion
• Optionable: Optionable
• Beta: 1.12