Equities Analysts Set Expectations for Maplebear Q1 Earnings

Maplebear Inc. (NASDAQ:CART) – Equities research analysts at Wedbush dropped their Q1 2025 EPS estimates for Maplebear in a report issued on Wednesday, February 26th. Wedbush analyst S. Devitt now expects that the company will earn $0.33 per share for the quarter, down from their prior forecast of $0.38. Wedbush has a “Neutral” rating and a $46.00 price target on the stock. The consensus estimate for Maplebear’s current full-year earnings is $1.43 per share. Wedbush also issued estimates for Maplebear’s Q2 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.40 EPS, FY2025 earnings at $1.38 EPS and FY2026 earnings at $1.82 EPS.

A number of other brokerages have also issued reports on CART. Robert W. Baird upped their price target on shares of Maplebear from $44.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. BTIG Research upgraded shares of Maplebear from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Tuesday, January 14th. Macquarie upped their price target on shares of Maplebear from $52.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday. Needham & Company LLC restated a “buy” rating and set a $56.00 price target on shares of Maplebear in a research note on Wednesday. Finally, Benchmark reiterated a “hold” rating on shares of Maplebear in a research note on Wednesday. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Maplebear presently has an average rating of “Moderate Buy” and an average price target of $49.92.

Maplebear Trading Up 0.9 %

Shares of Maplebear stock opened at $41.09 on Thursday. Maplebear has a 12-month low of $29.84 and a 12-month high of $53.44. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.19 and a beta of 1.07. The firm’s 50 day simple moving average is $46.43 and its two-hundred day simple moving average is $42.72.

Maplebear (NASDAQ:CART) last posted its earnings results on Tuesday, February 25th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $889.98 million.

Hedge Funds Weigh In On Maplebear

Several hedge funds and other institutional investors have recently modified their holdings of CART. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Maplebear in the third quarter worth about $74,000. New York State Teachers Retirement System lifted its stake in shares of Maplebear by 704.1% in the third quarter. New York State Teachers Retirement System now owns 15,824 shares of the company’s stock worth $645,000 after buying an additional 13,856 shares in the last quarter. US Bancorp DE increased its position in Maplebear by 429.2% during the third quarter. US Bancorp DE now owns 10,690 shares of the company’s stock worth $436,000 after purchasing an additional 8,670 shares during the last quarter. Farther Finance Advisors LLC increased its position in Maplebear by 26.7% during the third quarter. Farther Finance Advisors LLC now owns 13,757 shares of the company’s stock worth $560,000 after purchasing an additional 2,901 shares during the last quarter. Finally, Washington University acquired a new stake in Maplebear during the third quarter worth about $238,000. 63.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Maplebear

In other news, CAO Alan Ramsay sold 2,247 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $42.14, for a total value of $94,688.58. Following the transaction, the chief accounting officer now directly owns 87,735 shares of the company’s stock, valued at approximately $3,697,152.90. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Fidji Simo sold 20,750 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $42.74, for a total transaction of $886,855.00. Following the completion of the transaction, the chief executive officer now directly owns 1,771,993 shares in the company, valued at approximately $75,734,980.82. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,061 shares of company stock valued at $1,987,318 over the last ninety days. Corporate insiders own 36.00% 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.