What is Wedbush’s Forecast for Maplebear FY2026 Earnings?

Maplebear Inc. (NASDAQ:CART) – Equities research analysts at Wedbush decreased their FY2026 earnings per share (EPS) estimates for shares of Maplebear in a note issued to investors on Thursday, August 21st. Wedbush analyst S. Devitt now expects that the company will earn $1.85 per share for the year, down from their previous forecast of $1.97. 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.

Maplebear (NASDAQ:CART) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $914.00 million during the quarter, compared to analysts’ expectations of $896.55 million. Maplebear had a return on equity of 15.69% and a net margin of 13.76%.The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 EPS.

A number of other brokerages have also recently commented on CART. Macquarie restated an “outperform” rating and set a $55.00 price target on shares of Maplebear in a research note on Tuesday, May 6th. Sanford C. Bernstein raised their price target on shares of Maplebear from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Bank of America raised their price target on shares of Maplebear from $53.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. Benchmark upgraded shares of Maplebear from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Friday, August 8th. Finally, Needham & Company LLC raised their price target on shares of Maplebear from $56.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.63.

Maplebear Stock Up 0.5%

Maplebear stock opened at $42.97 on Monday. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. Maplebear has a 12 month low of $33.17 and a 12 month high of $53.50. The business has a 50 day moving average price of $46.85 and a two-hundred day moving average price of $44.51.

Institutional Trading of Maplebear

A number of hedge funds and other institutional investors have recently modified their holdings of CART. Envestnet Asset Management Inc. increased its holdings in shares of Maplebear by 35.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,628 shares of the company’s stock valued at $564,000 after purchasing an additional 3,532 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Maplebear during the 4th quarter worth $3,861,000. Barclays PLC grew its holdings in Maplebear by 60.3% during the 4th quarter. Barclays PLC now owns 123,391 shares of the company’s stock worth $5,111,000 after acquiring an additional 46,413 shares during the period. 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 worth $40,000 after acquiring an additional 717 shares during the period. Finally, First Trust Advisors LP grew its holdings in Maplebear by 110.9% during the 4th quarter. First Trust Advisors LP now owns 303,914 shares of the company’s stock worth $12,588,000 after acquiring an additional 159,829 shares during the period. Institutional investors and hedge funds own 63.09% of the company’s stock.

Insider Buying and Selling

In other news, Director Levien Meredith A. Kopit sold 4,225 shares of Maplebear stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $47.45, for a total value of $200,476.25. Following the completion of the transaction, the director owned 20,829 shares in the company, valued at approximately $988,336.05. The trade was a 16.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Grosvenor L.P. Gcm sold 4,864,272 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $47.75, for a total transaction of $232,268,988.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,975,327 shares of company stock valued at $237,736,848 in the last ninety days. 26.00% of the stock is owned by corporate insiders.

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.