What is Wedbush’s Estimate for Maplebear FY2025 Earnings?

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

Several other equities research analysts have also commented on the stock. Bank of America raised their price target on shares of Maplebear from $53.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. Wells Fargo & Company cut their target price on Maplebear from $57.00 to $47.00 and set an “equal weight” rating for the company in a research report on Friday, October 3rd. Stifel Nicolaus lowered their price target on Maplebear from $56.00 to $49.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. JPMorgan Chase & Co. reduced their price objective on shares of Maplebear from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Piper Sandler lowered Maplebear from an “overweight” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research report on Friday, October 3rd. Two investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.40.

Maplebear Stock Performance

NASDAQ:CART opened at $39.20 on Tuesday. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10. Maplebear has a one year low of $34.78 and a one year high of $53.50. The stock has a 50-day simple moving average of $40.41 and a 200 day simple moving average of $43.94.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Maplebear by 7.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,166 shares of the company’s stock valued at $246,000 after purchasing an additional 433 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Maplebear by 102.2% in the first quarter. Bank of New York Mellon Corp now owns 1,200,200 shares of the company’s stock valued at $47,876,000 after acquiring an additional 606,720 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Maplebear by 1,076.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 160,327 shares of the company’s stock worth $6,395,000 after purchasing an additional 146,699 shares during the period. Cerity Partners LLC lifted its holdings in Maplebear by 2.4% during the 1st quarter. Cerity Partners LLC now owns 86,774 shares of the company’s stock worth $3,461,000 after purchasing an additional 2,070 shares in the last quarter. Finally, State of Michigan Retirement System purchased a new position in shares of Maplebear during the first quarter worth about $1,544,000. 63.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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