What is Wedbush’s Forecast for Maplebear FY2025 Earnings?

Maplebear Inc. (NASDAQ:CART) – Stock analysts at Wedbush boosted their FY2025 EPS estimates for Maplebear in a research report issued on Monday, November 10th. Wedbush analyst S. Devitt now forecasts that the company will post earnings per share of $1.69 for the year, up from their previous forecast of $1.55. Wedbush currently has a “Underperform” rating and a $42.00 target price 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 FY2026 earnings at $1.91 EPS.

Other equities analysts have also issued research reports about the stock. Guggenheim initiated coverage on shares of Maplebear in a research report on Wednesday, October 15th. They set a “neutral” rating and a $40.00 price objective for the company. Stifel Nicolaus decreased their price target on shares of Maplebear from $56.00 to $49.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Wall Street Zen downgraded Maplebear from a “buy” rating to a “hold” rating in a research report on Monday, September 29th. Mizuho started coverage on Maplebear in a research note on Tuesday, September 30th. They set a “neutral” rating and a $45.00 price objective for the company. Finally, Benchmark upgraded Maplebear from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.12.

Maplebear Stock Up 1.6%

Shares of CART stock opened at $37.33 on Tuesday. The stock has a 50-day simple moving average of $40.50 and a 200 day simple moving average of $43.96. Maplebear has a fifty-two week low of $34.78 and a fifty-two week high of $53.50. The stock has a market capitalization of $9.83 billion, a P/E ratio of 21.58, a P/E/G ratio of 1.13 and a beta of 1.10.

Maplebear (NASDAQ:CART) last announced its earnings results on Monday, November 10th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. Maplebear had a return on equity of 15.69% and a net margin of 13.76%.During the same quarter in the previous year, the business earned $0.42 EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year.

Institutional Investors Weigh In On Maplebear

A number of institutional investors have recently modified their holdings of CART. Hantz Financial Services Inc. grew its holdings in shares of Maplebear by 78.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 884 shares of the company’s stock valued at $32,000 after acquiring an additional 389 shares in the last quarter. Brooklyn Investment Group acquired a new position in Maplebear in the 1st quarter worth about $40,000. CWM LLC raised its stake in shares of Maplebear by 35.1% during the 1st quarter. CWM LLC now owns 1,058 shares of the company’s stock worth $42,000 after purchasing an additional 275 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Maplebear during the 3rd quarter valued at about $43,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Maplebear during the 2nd quarter valued at about $53,000. Institutional investors and hedge funds own 63.09% of the company’s stock.

Insider Buying and Selling

In other Maplebear news, CEO Chris Rogers sold 9,259 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $42.37, for a total transaction of $392,303.83. Following the completion of the sale, the chief executive officer directly owned 739,880 shares in the company, valued at approximately $31,348,715.60. This trade represents a 1.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Fidji Simo sold 1,014 shares of Maplebear stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $40.00, for a total value of $40,560.00. Following the transaction, the director directly owned 569,742 shares in the company, valued at approximately $22,789,680. This trade represents a 0.18% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 27,556 shares of company stock valued at $1,179,482. Corporate insiders own 26.00% 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.