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

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

Maplebear Trading Down 1.9%

Shares of CART stock traded down $1.10 during mid-day trading on Thursday, reaching $57.32. The stock had a trading volume of 15,359,737 shares, compared to its average volume of 4,651,059. Maplebear has a 1-year low of $32.73 and a 1-year high of $62.00. The firm has a market cap of $13.27 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 1.10 and a beta of 0.87. The business’s fifty day moving average is $48.81 and its 200-day moving average is $43.15.

Insider Activity

In related news, CAO Lisa Blackwood-Kapral sold 3,016 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $49.58, for a total value of $149,533.28. Following the sale, the chief accounting officer owned 34,699 shares in the company, valued at $1,720,376.42. This represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 599,337 shares in the company, valued at approximately $32,963,535. This trade represents a 7.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 309,928 shares of company stock valued at $16,121,073. 24.00% of the stock is owned by insiders.

Maplebear News Summary

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

Analyst Ratings Changes

A number of research firms have commented on CART. Guggenheim increased their price target on Maplebear from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Wells Fargo & Company boosted their price target on Maplebear from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Monday, October 5th. BNP Paribas Exane upgraded shares of Maplebear from an “underperform” rating to a “neutral” rating and set a $56.00 target price for the company in a research note on Friday, August 7th. Benchmark boosted their target price on shares of Maplebear from $55.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Oppenheimer upped their price target on shares of Maplebear from $60.00 to $65.00 and gave the company an “outperform” 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $58.53.

Maplebear Company Profile

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.