Wedbush Brokers Lower Earnings Estimates for Maplebear

Maplebear Inc. (NASDAQ:CART) – Research analysts at Wedbush decreased their Q1 2025 EPS estimates for shares of Maplebear in a research note issued on Wednesday, February 26th. Wedbush analyst S. Devitt now expects that the company will post earnings per share of $0.33 for the quarter, down from their previous forecast of $0.38. Wedbush currently has a “Neutral” rating and a $46.00 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 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.

Several other brokerages have also recently weighed in on CART. Seaport Res Ptn upgraded Maplebear to a “strong-buy” rating in a research note on Wednesday, February 12th. Robert W. Baird lifted their target price on Maplebear from $44.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft assumed coverage on Maplebear in a research note on Tuesday, December 3rd. They set a “hold” rating and a $37.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on Maplebear from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Oppenheimer lowered their target price on Maplebear from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Maplebear has a consensus rating of “Moderate Buy” and a consensus target price of $49.80.

Maplebear Trading Down 12.3 %

Shares of NASDAQ:CART opened at $42.80 on Thursday. The stock’s fifty day simple moving average is $46.48 and its two-hundred day simple moving average is $42.68. Maplebear has a 1-year low of $29.84 and a 1-year high of $53.44. The stock has a market cap of $11.00 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 1.19 and a beta of 1.07.

Maplebear (NASDAQ:CART) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.16. Maplebear had a return on equity of 13.78% and a net margin of 13.37%. The business had revenue of $883.00 million for the quarter, compared to analysts’ expectations of $889.98 million.

Insider Transactions at Maplebear

In other news, CAO Alan Ramsay sold 2,247 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $42.14, for a total transaction of $94,688.58. Following the completion of the transaction, the chief accounting officer now owns 87,735 shares of the company’s stock, valued at approximately $3,697,152.90. The trade was a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fidji Simo sold 20,750 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $42.74, for a total value of $886,855.00. Following the transaction, the chief executive officer now directly owns 1,771,993 shares of the company’s stock, valued at $75,734,980.82. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,311 shares of company stock valued at $1,088,636. 36.00% of the stock is owned by corporate insiders.

Institutional Trading of Maplebear

A number of hedge funds have recently bought and sold shares of CART. Mirae Asset Global Investments Co. Ltd. bought a new stake in Maplebear in the 3rd quarter worth approximately $74,000. New York State Teachers Retirement System lifted its position in Maplebear by 704.1% in the 3rd 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 during the last quarter. US Bancorp DE lifted its position in Maplebear by 429.2% in the 3rd quarter. US Bancorp DE now owns 10,690 shares of the company’s stock worth $436,000 after buying an additional 8,670 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Maplebear by 26.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,757 shares of the company’s stock worth $560,000 after buying an additional 2,901 shares during the last quarter. Finally, Washington University bought a new stake in Maplebear in the 3rd quarter worth approximately $238,000. Institutional investors own 63.09% 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.