Maplebear FY2025 EPS Estimate Decreased by Cantor Fitzgerald

Maplebear Inc. (NASDAQ:CART) – Research analysts at Cantor Fitzgerald decreased their FY2025 earnings per share (EPS) estimates for Maplebear in a report issued on Tuesday, November 11th. Cantor Fitzgerald analyst D. Mathivanan now forecasts that the company will post earnings of $1.77 per share for the year, down from their prior estimate of $1.81. The consensus estimate for Maplebear’s current full-year earnings is $1.43 per share. Cantor Fitzgerald also issued estimates for Maplebear’s FY2026 earnings at $2.03 EPS.

Several other equities research analysts have also weighed in on CART. Citigroup cut their target price on Maplebear from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday. Sanford C. Bernstein upped their price objective on shares of Maplebear from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Guggenheim started coverage on Maplebear in a report on Wednesday, October 15th. They set a “neutral” rating and a $40.00 price objective on the stock. Fox Advisors upgraded Maplebear from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, Jefferies Financial Group cut their price target on Maplebear from $55.00 to $43.00 and set a “hold” rating for the company in a report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Maplebear currently has an average rating of “Moderate Buy” and an average price target of $51.40.

Maplebear Stock Up 1.9%

Shares of CART traded up $0.74 during trading on Thursday, reaching $40.15. 981,303 shares of the company traded hands, compared to its average volume of 4,838,648. The stock has a 50-day simple moving average of $40.31 and a 200-day simple moving average of $43.91. Maplebear has a twelve month low of $34.78 and a twelve month high of $53.50. The stock has a market cap of $10.54 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10.

Maplebear (NASDAQ:CART) last released its quarterly earnings results on Monday, November 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $933.76 million. Maplebear had a net margin of 14.09% and a return on equity of 15.72%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS.

Institutional Trading of Maplebear

Several hedge funds have recently modified their holdings of CART. Envestnet Asset Management Inc. boosted its position in Maplebear by 1,076.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 160,327 shares of the company’s stock valued at $6,395,000 after buying an additional 146,699 shares during the last quarter. Cerity Partners LLC increased its position in Maplebear by 2.4% during the first quarter. Cerity Partners LLC now owns 86,774 shares of the company’s stock worth $3,461,000 after buying an additional 2,070 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Maplebear by 149.7% during the 1st quarter. Xponance Inc. now owns 19,234 shares of the company’s stock worth $767,000 after buying an additional 11,530 shares during the period. Arizona State Retirement System grew its position in Maplebear by 55.2% during the first quarter. Arizona State Retirement System now owns 40,518 shares of the company’s stock worth $1,616,000 after buying an additional 14,414 shares in the last quarter. Finally, Mutual of America Capital Management LLC bought a new position in Maplebear in the first quarter valued at approximately $3,323,000. Institutional investors and hedge funds own 63.09% of the company’s stock.

Insider Activity

In other Maplebear news, CEO Chris Rogers sold 9,259 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $42.37, for a total value of $392,303.83. Following the completion of the sale, the chief executive officer directly owned 739,880 shares of the company’s stock, valued at approximately $31,348,715.60. This represents a 1.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Morgan Fong sold 3,546 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $38.85, for a total transaction of $137,762.10. Following the completion of the transaction, the general counsel owned 427,523 shares of the company’s stock, valued at approximately $16,609,268.55. The trade was a 0.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 27,556 shares of company stock worth $1,179,482. 26.00% of the stock is owned by company insiders.

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.