Wedbush Brokers Lower Earnings Estimates for Maplebear

Maplebear Inc. (NASDAQ:CART) – Analysts at Wedbush dropped their Q1 2025 earnings per share estimates for Maplebear in a research note issued to investors on Wednesday, February 26th. Wedbush analyst S. Devitt now anticipates that the company will post earnings of $0.33 per share for the quarter, down from their previous estimate of $0.38. Wedbush has a “Neutral” rating and a $46.00 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 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.

CART has been the subject of a number of other research reports. JMP Securities upped their target price on Maplebear from $42.00 to $51.00 and gave the company a “market outperform” rating in a report on Wednesday, November 13th. Cantor Fitzgerald restated an “overweight” rating and set a $55.00 target price on shares of Maplebear in a report on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on Maplebear in a research note on Tuesday, December 3rd. They issued a “hold” rating and a $37.00 price target on the stock. Robert W. Baird upped their price target on Maplebear from $44.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Bank of America upped their price target on Maplebear from $51.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.80.

Maplebear Stock Down 12.3 %

Shares of Maplebear stock opened at $42.80 on Thursday. The company has a market cap of $11.00 billion, a PE ratio of 28.72, a P/E/G ratio of 1.19 and a beta of 1.07. The business has a 50 day moving average of $46.48 and a 200 day moving average of $42.68. Maplebear has a 52 week low of $29.84 and a 52 week high of $53.44.

Maplebear (NASDAQ:CART) last announced 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. The firm had revenue of $883.00 million during the quarter, compared to the consensus estimate of $889.98 million. Maplebear had a return on equity of 13.78% and a net margin of 13.37%.

Insider Activity

In other Maplebear news, CAO Alan Ramsay sold 2,314 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $46.28, for a total value of $107,091.92. Following the transaction, the chief accounting officer now owns 85,421 shares of the company’s stock, valued at approximately $3,953,283.88. This represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fidji Simo sold 20,750 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $42.74, for a total value of $886,855.00. Following the completion of the transaction, the chief executive officer now directly owns 1,771,993 shares in the company, valued at approximately $75,734,980.82. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,311 shares of company stock valued at $1,088,636 over the last ninety days. 36.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its stake in shares of Maplebear by 46.6% in the fourth quarter. Jones Financial Companies Lllp now owns 698 shares of the company’s stock worth $29,000 after buying an additional 222 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Maplebear during the 3rd quarter valued at approximately $33,000. Allworth Financial LP grew its holdings in Maplebear by 101.4% during the 4th quarter. Allworth Financial LP now owns 834 shares of the company’s stock valued at $37,000 after buying an additional 420 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Maplebear by 277.9% during the 4th quarter. NewEdge Advisors LLC now owns 975 shares of the company’s stock valued at $40,000 after buying an additional 717 shares in the last quarter. Finally, Anderson Financial Strategies LLC purchased a new position in shares of Maplebear in the 4th quarter worth approximately $46,000. 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.