Wedbush Forecasts Maplebear’s FY2027 Earnings (NASDAQ:CART)

Maplebear Inc. (NASDAQ:CART) – Investment analysts at Wedbush issued their FY2027 earnings estimates for Maplebear in a research note issued to investors on Monday, November 10th. Wedbush analyst S. Devitt expects that the company will post earnings of $2.10 per share for the year. Wedbush has a “Underperform” rating and a $42.00 price objective 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 FY2028 earnings at $2.30 EPS and FY2029 earnings at $2.45 EPS.

CART has been the subject of a number of other research reports. Needham & Company LLC reduced their price objective on Maplebear from $66.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday. Sanford C. Bernstein boosted their price target on Maplebear from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Citigroup lowered their price objective on Maplebear from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday. BTIG Research reissued a “neutral” rating and issued a $55.00 target price on shares of Maplebear in a research report on Tuesday, September 30th. Finally, Stifel Nicolaus decreased their price target on shares of Maplebear from $56.00 to $49.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Maplebear currently has an average rating of “Moderate Buy” and an average target price of $51.40.

Maplebear Stock Performance

Shares of CART opened at $40.33 on Wednesday. The firm has a market cap of $10.59 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10. Maplebear has a 52 week low of $34.78 and a 52 week high of $53.50. The firm’s 50-day simple moving average is $40.23 and its 200 day simple moving average is $43.88.

Maplebear (NASDAQ:CART) last posted its earnings results on Monday, November 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $933.76 million. Maplebear had a net margin of 14.09% and a return on equity of 15.72%. Maplebear’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS.

Institutional Investors Weigh In On Maplebear

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC boosted its holdings in shares of Maplebear by 299.9% in the 3rd quarter. Jump Financial LLC now owns 533,055 shares of the company’s stock valued at $19,595,000 after purchasing an additional 399,755 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of Maplebear by 344.4% during the 3rd quarter. Epoch Investment Partners Inc. now owns 871,878 shares of the company’s stock worth $32,050,000 after buying an additional 675,691 shares in the last quarter. UBS Group AG lifted its position in shares of Maplebear by 28.2% during the 3rd quarter. UBS Group AG now owns 1,971,524 shares of the company’s stock worth $72,473,000 after buying an additional 433,240 shares during the last quarter. Capital Fund Management S.A. boosted its stake in Maplebear by 34.5% in the third quarter. Capital Fund Management S.A. now owns 145,905 shares of the company’s stock valued at $5,363,000 after buying an additional 37,411 shares in the last quarter. Finally, Capital World Investors boosted its stake in Maplebear by 61.4% in the third quarter. Capital World Investors now owns 17,114 shares of the company’s stock valued at $629,000 after buying an additional 6,510 shares in the last quarter. 63.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Maplebear news, Director Fidji Simo sold 1,014 shares of the firm’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $40.00, for a total value of $40,560.00. Following the transaction, the director directly owned 569,742 shares of the company’s stock, valued at $22,789,680. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Morgan Fong sold 3,546 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $38.85, for a total transaction of $137,762.10. Following the completion of the transaction, the general counsel owned 427,523 shares of the company’s stock, valued at $16,609,268.55. The trade was a 0.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 27,556 shares of company stock worth $1,179,482 over the last ninety days. Corporate 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.