Cantor Fitzgerald Increases Earnings Estimates for Maplebear

Maplebear Inc. (NASDAQ:CART) – Analysts at Cantor Fitzgerald boosted their FY2025 EPS estimates for Maplebear in a report released on Wednesday, February 26th. Cantor Fitzgerald analyst D. Mathivanan now forecasts that the company will post earnings of $1.52 per share for the year, up from their previous estimate of $1.21. Cantor Fitzgerald has a “Overweight” rating and a $55.00 price target on the stock. The consensus estimate for Maplebear’s current full-year earnings is $1.43 per share.

Maplebear (NASDAQ:CART) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.53 earnings per share for the quarter, topping 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 business had revenue of $883.00 million for the quarter, compared to analysts’ expectations of $889.98 million.

Several other analysts have also commented on the stock. Morgan Stanley lifted their price objective on shares of Maplebear from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Mizuho lowered their price objective on shares of Maplebear from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Wednesday. Benchmark reaffirmed a “hold” rating on shares of Maplebear in a research report on Wednesday. Barclays lifted their price objective on shares of Maplebear from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Maplebear from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday. Thirteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $49.92.

Maplebear Stock Performance

Shares of CART stock opened at $41.09 on Friday. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 1.19 and a beta of 1.07. Maplebear has a 52 week low of $29.84 and a 52 week high of $53.44. The firm’s 50-day simple moving average is $46.43 and its two-hundred day simple moving average is $42.72.

Hedge Funds Weigh In On Maplebear

A number of institutional investors have recently made changes to their positions in CART. Jones Financial Companies Lllp increased its holdings in shares of Maplebear by 46.6% in the 4th quarter. Jones Financial Companies Lllp now owns 698 shares of the company’s stock worth $29,000 after buying an additional 222 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Maplebear in the 3rd quarter worth $33,000. Allworth Financial LP increased its holdings in shares of Maplebear by 101.4% in the 4th quarter. Allworth Financial LP now owns 834 shares of the company’s stock worth $37,000 after buying an additional 420 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Maplebear by 277.9% in the 4th quarter. NewEdge Advisors LLC now owns 975 shares of the company’s stock worth $40,000 after buying an additional 717 shares during the last quarter. Finally, Anderson Financial Strategies LLC bought a new position in shares of Maplebear during the 4th quarter valued at $46,000. Institutional investors own 63.09% of the company’s stock.

Insider Buying and Selling

In other news, CEO Fidji Simo sold 20,750 shares of the 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 transaction, the chief executive officer now owns 1,662,692 shares of the company’s stock, valued at $72,011,190.52. This represents a 1.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Alan Ramsay sold 2,314 shares of the 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 transaction, the chief accounting officer now directly owns 85,421 shares in the company, valued at $3,953,283.88. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,061 shares of company stock valued at $1,987,318. Company insiders own 36.00% of the company’s stock.

Maplebear Company Profile

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.