Cantor Fitzgerald Increases Earnings Estimates for Maplebear

Maplebear Inc. (NASDAQ:CART) – Analysts at Cantor Fitzgerald lifted their FY2025 earnings per share (EPS) estimates for Maplebear in a research report issued on Monday, October 20th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the company will post earnings of $1.81 per share for the year, up from their previous estimate of $1.80. 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 $2.04 EPS.

Maplebear (NASDAQ:CART) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $914.00 million for the quarter, compared to the consensus estimate of $896.55 million. Maplebear had a return on equity of 15.69% and a net margin of 13.76%.The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share.

CART has been the topic of a number of other research reports. Morgan Stanley boosted their price target on Maplebear from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Friday, August 15th. Mizuho started coverage on Maplebear in a report on Tuesday, September 30th. They set a “neutral” rating and a $45.00 price target on the stock. Sanford C. Bernstein boosted their price target on Maplebear from $55.00 to $60.00 and gave the company an “outperform” rating in a 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 target on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Maplebear in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Maplebear presently has a consensus rating of “Moderate Buy” and an average price target of $52.40.

Maplebear Trading Down 0.4%

CART opened at $38.81 on Tuesday. The company has a market cap of $10.22 billion, a P/E ratio of 22.43, a P/E/G ratio of 1.20 and a beta of 1.10. The business’s 50-day moving average price is $42.37 and its 200-day moving average price is $44.21. Maplebear has a 12 month low of $34.87 and a 12 month high of $53.50.

Institutional Trading of Maplebear

A number of hedge funds have recently made changes to their positions in the stock. Securian Asset Management Inc. boosted its position in shares of Maplebear by 2.1% in the 2nd quarter. Securian Asset Management Inc. now owns 12,509 shares of the company’s stock worth $566,000 after purchasing an additional 252 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Maplebear by 9.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,978 shares of the company’s stock worth $134,000 after purchasing an additional 261 shares in the last quarter. Rafferty Asset Management LLC boosted its position in shares of Maplebear by 2.5% in the 2nd quarter. Rafferty Asset Management LLC now owns 11,000 shares of the company’s stock worth $498,000 after purchasing an additional 273 shares in the last quarter. CWM LLC boosted its position in shares of Maplebear by 35.1% in 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. Finally, Signaturefd LLC boosted its position in shares of Maplebear by 27.1% in the 1st quarter. Signaturefd LLC now owns 1,335 shares of the company’s stock worth $53,000 after purchasing an additional 285 shares in the last quarter. 63.09% of the stock is owned by institutional investors.

Insider Transactions at Maplebear

In other Maplebear news, CEO Chris Rogers sold 9,259 shares of Maplebear stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $42.37, for a total transaction of $392,303.83. Following the sale, the chief executive officer directly owned 739,880 shares of the company’s stock, valued at approximately $31,348,715.60. The trade was a 1.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Morgan Fong sold 3,546 shares of Maplebear stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $42.39, for a total value of $150,314.94. Following the sale, the general counsel directly owned 431,069 shares in the company, valued at approximately $18,273,014.91. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,888,282 shares of company stock valued at $233,310,708. Insiders own 26.00% 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.