Maplebear (CART) Stock Price, News & Analysis

Company Overview

Maplebear Inc., doing business as Instacart, provides online grocery shopping services to households in North America. It sells and delivers grocery products. The company offers its services through a mobile application and website. It also 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: $39.50 to $40.04
• 50-Day Range: $31.11 to $42.14
• 52-Week Range: $22.13 to $42.58
• Volume: 1.44 million shs
• Average Volume: 4.11 million shs
• Market Capitalization: $10.56 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $43.33
• Consensus Rating: Moderate Buy

Maplebear Stock Analysis - MarketRank™

Maplebear scored higher than 61% of companies evaluated by MarketBeat, and ranked 162nd out of 353 stocks in the business services 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 2.56, and is based on 14 buy ratings, 11 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Maplebear has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 24.11%

Earnings Growth

Earnings for Maplebear are expected to grow by 24.11% in the coming year, from $1.12 to $1.39 per share.

Price to Earnings Growth Ratio

Maplebear has a PEG Ratio of 1.31. 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 2.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.14% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Maplebear has recently increased by 15.21%, 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

9.14% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Maplebear has recently increased by 15.21%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.65

News Sentiment

Maplebear has a news sentiment score of 0.65. 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 news sentiment score is similar to the average news sentiment of Business Services companies.

News Coverage This Week

MarketBeat has tracked 39 news articles for Maplebear this week, compared to 10 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 -65% compared to the previous 30 days.

MarketBeat Follows

8 people have added Maplebear to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 $2,504,824.00 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 the year. Since then, CART shares have increased by 70.0% and is now trading at $39.90.
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, August, 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.07. The company'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 on Tuesday, September 19th 2023. The company issued 22,000,000 shares at $30.00 per share.

Who are Maplebear's major shareholders?

Maplebear's top institutional investors include Sculptor Capital LP (0.91%), Maverick Capital Ltd. (0.85%), Federated Hermes Inc. (0.66%) and D. E. Shaw & Co. Inc. (0.46%). 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 Ladder Capital (LADR), Bojangles' (BOJA), Duke Energy (DUK), GoPro (GPRO), Leggett & Platt (LEG), MGM Resorts International (MGM) and Whirlpool (WHR).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 9/27/2024
• Next Earnings (Estimated): 11/13/2024
• 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: $43.33
• High Stock Price Target: $50.00
• Low Stock Price Target: $32.00
• Potential Upside/Downside: +8.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.56
• Research Coverage: 25 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 35.63
• P/E Growth: 1.31
• 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: 3.29
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $13.38 per share
• Price / Book: 2.98

Miscellaneous

• Outstanding Shares: 264,699,000
• Free Float: 169,407,000
• Market Cap: $10.56 billion
• Optionable: Optionable
• Beta: N/A