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

Maplebear (NASDAQ:CART) announced its quarterly earnings data on Thursday. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03), FiscalAI reports. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Maplebear had a net margin of 11.97% and a return on equity of 20.19%. Maplebear’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 EPS.

Maplebear Price Performance

Shares of NASDAQ CART traded down $0.96 during midday trading on Thursday, hitting $57.46. 16,628,126 shares of the company’s stock were exchanged, compared to its average volume of 4,658,647. The stock’s 50 day moving average price is $48.81 and its 200-day moving average price is $43.15. The firm has a market cap of $13.30 billion, a P/E ratio of 31.41, a PEG ratio of 1.10 and a beta of 0.87. Maplebear has a twelve month low of $32.73 and a twelve month high of $62.00.

More Maplebear News

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: DoorDash agreed to acquire Maplebear for approximately $17 billion, with Instacart shareholders expected to receive consideration valued at about $65 per share in cash, DoorDash stock or a combination. The premium valuation provides a potential floor for CART shares, although the final value could vary with DoorDash’s stock price and transaction proration. DoorDash to acquire Instacart for $17 billion
• Positive Sentiment: Instacart’s third-quarter operating performance remained strong: gross transaction value increased 15% year over year, revenue rose 17% to approximately $1.09 billion, GAAP net income reached $147 million and adjusted EBITDA grew 23% to $342 million. The results support the strategic rationale for DoorDash’s grocery expansion. Instacart third-quarter 2026 financial results
• Neutral Sentiment: The transaction is not expected to close until late 2027 or the first half of 2028, leaving shareholders exposed to regulatory review, deal execution risks and fluctuations in DoorDash’s share price. DoorDash plans to buy Instacart
• Negative Sentiment: Maplebear reported third-quarter earnings of $0.60 per share, below consensus estimates of approximately $0.63–$0.64. Revenue beat expectations and increased about 17% year over year, but the profit miss may be weighing on the shares. Maplebear third-quarter earnings miss
• Negative Sentiment: New York City Mayor Zohran Mamdani criticized the DoorDash-Instacart combination, warning it could result in higher prices and worse conditions for delivery workers. Separately, Brodsky & Smith announced an investigation into potential fiduciary-duty violations related to the sale, adding legal and regulatory overhang. Criticism of DoorDash’s Instacart deal

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CART. Citigroup increased their price target on Maplebear from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Needham & Company LLC boosted their price objective on Maplebear from $55.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Cantor Fitzgerald upped their price objective on Maplebear from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Citizens Jmp increased their target price on Maplebear from $60.00 to $65.00 and gave the stock a “market outperform” rating in a research report on Monday. Finally, JPMorgan Chase & Co. raised their target price on Maplebear from $55.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Maplebear currently has an average rating of “Moderate Buy” and an average target price of $58.53.

Insider Activity

In other news, CAO Lisa Blackwood-Kapral sold 3,016 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $49.58, for a total transaction of $149,533.28. Following the transaction, the chief accounting officer directly owned 34,699 shares of the company’s stock, valued at approximately $1,720,376.42. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Morgan Fong sold 18,390 shares of Maplebear stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $51.00, for a total transaction of $937,890.00. Following the sale, the insider owned 529,911 shares in the company, valued at approximately $27,025,461. This represents a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 309,928 shares of company stock worth $16,121,073 over the last ninety days. 24.00% of the stock is currently owned by company insiders.

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.