Maplebear (NASDAQ:CART) Releases Earnings Results, Misses Expectations By $0.03 EPS

Maplebear (NASDAQ:CART) issued its earnings results on Thursday. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03), FiscalAI reports. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Maplebear had a return on equity of 22.50% and a net margin of 11.59%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share.

Maplebear Stock Performance

Shares of NASDAQ CART opened at $56.45 on Friday. The stock has a market cap of $13.07 billion, a PE ratio of 29.40, a PEG ratio of 1.12 and a beta of 0.87. Maplebear has a 52-week low of $32.73 and a 52-week high of $62.00. The business has a fifty day moving average of $49.05 and a two-hundred day moving average of $43.31.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CART shares. Needham & Company LLC lowered shares of Maplebear from a “buy” rating to a “hold” rating in a research report on Friday. Wall Street Zen cut Maplebear from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. increased their price objective on shares of Maplebear from $55.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Citizens Jmp cut Maplebear from a “market outperform” rating to a “hold” rating in a research note on Friday. Finally, Rosenblatt Securities assumed coverage on Maplebear in a research note on Tuesday, September 1st. They set a “neutral” rating and a $55.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $58.33.

Insider Buying and Selling

In other news, insider Morgan Fong sold 18,390 shares of the business’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $51.00, for a total transaction of $937,890.00. Following the completion of the transaction, the insider directly owned 529,911 shares in the company, valued at approximately $27,025,461. The trade was a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emily Reuter sold 50,000 shares of the firm’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $55.00, for a total transaction of $2,750,000.00. Following the sale, the chief financial officer owned 599,337 shares in the company, valued at approximately $32,963,535. The trade was a 7.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 309,928 shares of company stock worth $16,121,073. 24.00% of the stock is currently owned by company insiders.

Maplebear News Roundup

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: DoorDash agreed to acquire Maplebear, which operates as Instacart, in a cash-and-stock transaction valued at approximately $17 billion. Maplebear shareholders are expected to receive $65 in cash, 0.3372 shares of DoorDash, or a combination subject to proration. The offer provides a potential premium if the transaction closes. Shareholder Alert: The M&A Class Action Firm Announces an Investigation of Maplebear Inc.
• Positive Sentiment: The proposed combination would unite DoorDash’s restaurant-delivery network with Instacart’s grocery platform. Management expects at least $500 million in operational efficiencies and believes greater scale could improve delivery economics and competition with Amazon and Walmart. DoorDash to acquire Instacart for $17B
• Neutral Sentiment: Maplebear’s third-quarter revenue increased 16.6% year over year to roughly $1.1 billion, while earnings rose to $0.60 per share from $0.42. However, earnings missed estimates of approximately $0.63-$0.64 per share. Maplebear Q3 Earnings Miss Estimates
• Negative Sentiment: The wide gap between CART’s trading level and the $65 offer indicates that investors doubt the transaction will close quickly or successfully. The companies expect closing in late 2027 or the first half of 2028, leaving shareholders exposed to regulatory and execution risk for as long as two years. Maplebear also suspended forward guidance and canceled its scheduled earnings call. DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
• Negative Sentiment: Antitrust scrutiny is a major concern because the deal would combine two leading U.S. delivery platforms. Worker advocates and New York City officials have criticized the transaction over possible higher prices, reduced competition and weaker worker bargaining power.
• Negative Sentiment: Several analysts downgraded Maplebear to neutral, equal weight or hold, including Barclays, Needham, Cantor Fitzgerald, Citizens JMP and Bernstein. Although some firms retained $65 price targets, the ratings signal limited confidence in upside before the merger’s outcome is clearer. Law firms have also announced investigations into whether shareholders are receiving a fair price and whether directors fulfilled their fiduciary duties.

About Maplebear

Maplebear Inc, doing business as Instacart, operates a technology-enabled grocery marketplace that connects consumers with retailers and personal shoppers. Through its website and mobile applications, customers can order groceries and other household products for delivery or pickup from participating supermarkets, specialty food stores, convenience retailers and other merchants.

The company also provides retailers with e-commerce, fulfillment and advertising solutions. Its platform supports online storefronts, order management, delivery logistics, customer engagement and data-driven marketing, allowing retail partners to offer digital shopping services and reach consumers through Instacart’s marketplace.

Founded in 2012, Maplebear serves customers across the United States and Canada.