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NASDAQ:CART

Maplebear (CART) Stock Price, News & Analysis

Maplebear logo
$42.55 -0.47 (-1.09%)
(As of 03:23 PM ET)

About Maplebear Stock (NASDAQ:CART)

Key Stats

Today's Range
$40.80
$43.00
50-Day Range
$34.01
$48.66
52-Week Range
$22.13
$50.01
Volume
4.33 million shs
Average Volume
3.97 million shs
Market Capitalization
$11.10 billion
P/E Ratio
28.56
Dividend Yield
N/A
Price Target
$47.29
Consensus Rating
Moderate Buy

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.

Maplebear Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
88th Percentile Overall Score

CART MarketRank™: 

Maplebear scored higher than 88% of companies evaluated by MarketBeat, and ranked 100th out of 218 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Maplebear's stock forecast and price target.
  • Earnings Growth

    Earnings for Maplebear are expected to grow by 23.08% in the coming year, from $1.17 to $1.44 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Maplebear is 28.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.11.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Maplebear is 28.67, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 132.10.

  • Price to Earnings Growth Ratio

    Maplebear has a PEG Ratio of 1.50. 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.

  • Read more about Maplebear's valuation and earnings.
  • 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 Yield

    Maplebear does not currently pay a dividend.

  • Dividend Growth

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

  • 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 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 Retail/Wholesale companies.
  • News Coverage This Week

    MarketBeat has tracked 45 news articles for Maplebear this week, compared to 10 articles on an average week.
  • Search Interest

    33 people have searched for CART on MarketBeat in the last 30 days. This is an increase of 560% compared to the previous 30 days.
  • MarketBeat Follows

    14 people have added Maplebear to their MarketBeat watchlist in the last 30 days. This is an increase of 56% compared to the previous 30 days.
  • 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.

  • Read more about Maplebear's insider trading history.
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CART Stock News Headlines

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Piper Sandler Sticks to Its Buy Rating for Maplebear (CART)
Financial Analysis: Maplebear (CART) and Its Peers
Instacart Stock Hit on Soft Q4 Outlook
See More Headlines

CART Stock Analysis - Frequently Asked Questions

Maplebear's stock was trading at $23.47 at the start of the year. Since then, CART shares have increased by 82.0% and is now trading at $42.72.
View the best growth stocks for 2024 here
.

Maplebear Inc. (NASDAQ:CART) announced its earnings results on Tuesday, November, 12th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.20. The firm's quarterly revenue was up 11.5% on a year-over-year basis.

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

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 KPCB DGF II Associates LLC (1.01%). 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
.

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.

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
11/14/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/11/2025

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Business Services
Current Symbol
NASDAQ:CART
Fax
N/A
Employees
3,380
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$46.95
High Stock Price Target
$60.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+10.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.52
Research Coverage
25 Analysts

Profitability

Net Income
$-1,622,000,000.00
Pretax Margin
-66.48%

Debt

Sales & Book Value

Annual Sales
$3.21 billion
Book Value
$13.38 per share

Miscellaneous

Free Float
166,915,000
Market Cap
$11.13 billion
Optionable
Optionable
Beta
1.12
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This page (NASDAQ:CART) was last updated on 11/14/2024 by MarketBeat.com Staff
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