Q1 EPS Estimates for Maplebear Reduced by Seaport Res Ptn

Maplebear Inc. (NASDAQ:CART) – Investment analysts at Seaport Res Ptn reduced their Q1 2025 earnings estimates for Maplebear in a research report issued to clients and investors on Tuesday, February 25th. Seaport Res Ptn analyst A. Kessler now expects that the company will post earnings per share of $0.35 for the quarter, down from their prior estimate of $0.40. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for Maplebear’s current full-year earnings is $1.43 per share. Seaport Res Ptn also issued estimates for Maplebear’s Q2 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.40 EPS, FY2025 earnings at $1.48 EPS and FY2026 earnings at $1.75 EPS.

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

Several other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Maplebear from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday. Wedbush lowered their price target on shares of Maplebear from $48.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday. Bank of America lifted their price target on shares of Maplebear from $51.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $56.00 price objective on shares of Maplebear in a research report on Wednesday. Finally, Macquarie lifted their price objective on shares of Maplebear from $52.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday. Thirteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Maplebear presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.92.

Maplebear Price Performance

Shares of NASDAQ:CART opened at $40.74 on Thursday. Maplebear has a 1-year low of $29.84 and a 1-year high of $53.44. The company has a market capitalization of $10.47 billion, a P/E ratio of 27.34, a P/E/G ratio of 1.19 and a beta of 1.07. The firm’s 50 day simple moving average is $46.45 and its two-hundred day simple moving average is $42.66.

Institutional Trading of Maplebear

Hedge funds have recently added to or reduced their stakes in the business. Portman Ltd bought a new position in Maplebear in the third quarter worth about $3,196,000. State Street Corp boosted its position in Maplebear by 48.3% in the 3rd quarter. State Street Corp now owns 2,552,617 shares of the company’s stock worth $103,994,000 after purchasing an additional 831,795 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of Maplebear during the 3rd quarter valued at approximately $1,442,000. Charles Schwab Investment Management Inc. lifted its position in shares of Maplebear by 5,191.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,489,655 shares of the company’s stock valued at $60,689,000 after buying an additional 1,461,501 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in Maplebear in the 3rd quarter valued at $4,853,000. 63.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Maplebear

In other news, CAO Alan Ramsay sold 2,314 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $46.28, for a total transaction of $107,091.92. Following the completion of the sale, the chief accounting officer now directly owns 85,421 shares of the company’s stock, valued at approximately $3,953,283.88. The trade was a 2.64 % 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 this link. Also, CEO Fidji Simo sold 20,750 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $42.74, for a total transaction of $886,855.00. Following the completion of the sale, the chief executive officer now directly owns 1,771,993 shares of the company’s stock, valued at approximately $75,734,980.82. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,311 shares of company stock worth $1,088,636 over the last quarter. Insiders own 36.00% 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.