Inside the research
Maplebear Inc.
CART Research profile · latest available data
Price overview
$43.19
▼ -0.07 (-0.2%)
| 52w hi | $51.78 |
|---|---|
| 52w lo | $32.93 |
| Vol | 2.71M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.10
| Short | +0.10 |
|---|---|
| Medium | +0.04 |
| Long | +0.20 |
computed 2026-09-27
Key fundamentals
Maplebear Inc.
Consumer Cyclical · Internet Retail
| Market cap | $10.00B |
|---|---|
| Enterprise value | $9.38B |
| Trailing P/E | 23.60x |
| Forward P/E | 8.82x |
| EV / EBITDA | 15.01x |
| P / S (ttm) | 2.50x |
| Profit margin | 12.0% |
| Return on equity | 16.0% |
| Revenue growth | +14.1% |
| Earnings growth | +8.1% |
| Debt / equity | 1.35 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.34 | |
| Sector | -0.03 | |
| Technical | +0.04 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally. The company offers Instacart Marketplace which helps retailers serve customers' needs by supporting fulfillment options, shopping occasions, and categories; Instacart Enterprise platform, an end-to-end technology solution for retailers across all aspects of business; and Instacart Ads, enables brands to learn more about general consumer behavior from discovery to purchase, offering insights about how to optimize advertising spend. It also provides advertising solutions, including sponsored product ads, display ads, coupons, and brand pages; and software-as-a-service. The company's services can be provided through company's mobile application or website. Maplebear Inc., was incorporated in 2012 and is headquartered in San Francisco, California.
Risk Metrics
| Beta vs SPX | 0.66 |
|---|---|
| Corr SPX | 0.24 |
| Annual vol | 43.7% |
| Annual ret | +10.8% |
| Sharpe | 0.25 |
| Max DD | -38.0% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $50.19 |
|---|---|
| High / Low | $69.00 / $37.00 |
| Median | $50.00 |
| Analysts | 27 |
| Strong Buy | 5 | |
|---|---|---|
| Buy | 13 | |
| Hold | 12 | |
| Sell | 0 | |
| Strong Sell | 1 |
Recent rating actions
| 2026-05-07 | Wells Fargo | → Equal-Weight |
| 2026-05-07 | Needham | → Buy |
| 2026-05-07 | Barclays | → Overweight |
| 2026-03-30 | Wells Fargo | → Equal-Weight |
| 2026-03-30 | Jefferies | → Buy |
| 2026-02-13 | Wells Fargo | → Equal-Weight |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-06 | Earnings Release, Exhibits | read |
| 2026-05-29 | Shareholder Vote | read |
| 2026-05-06 | Material Agreement, Earnings Release… | read |
| 2026-02-12 | Earnings Release, Exhibits | read |
| 2025-11-25 | Officer / Director Change | read |
| 2025-11-10 | Earnings Release, Other Material Event… | read |
| 2025-08-15 | Officer / Director Change, Reg FD Disclosure… | read |
| 2025-08-07 | Earnings Release, Exhibits | read |
| 2025-05-28 | Officer / Director Change, Other Material Event… | read |
| 2025-05-27 | Shareholder Vote | read |
| 2025-05-08 | Officer / Director Change, Reg FD Disclosure | read |
| 2025-05-01 | Earnings Release, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-10 | SC US (TTGP), LTD. | J | 5.20M | — | |
| 2026-08-10 | SC US (TTGP), LTD. | J | 924.22K | — | |
| 2026-08-07 | Rogers Chris | President and CEO | Sell | 4.93K | $246.65K |
| 2026-07-22 | Fong Morgan | Chief Legal Officer | Option exercise | 18.39K | $134.61K |
| 2026-07-22 | Fong Morgan | Chief Legal Officer | Sell | 18.39K | $815.40K |
| 2026-07-15 | BLACKWOOD-KAPRAL LISA | Chief Accounting Officer | Sell | 3.02K | $143.68K |
| 2026-06-15 | BLACKWOOD-KAPRAL LISA | Chief Accounting Officer | Sell | 3.02K | $124.42K |
| 2026-06-02 | Gupta Ravi | Sell | 181.00K | $7.51M | |
| 2026-06-01 | Rogers Chris | President and CEO | Sell | 7.89K | $320.93K |
| 2026-05-22 | Gupta Ravi | Grant | 6.05K | — |
Flow & Concentration
| Insider 180d net | -$9.16M |
|---|---|
| Insider buys / sells | 0 / 6 |
| Insider bias | Sellers |
| 13F holders | 8 |
| Top-5 share | 92.6% |
| HHI | 2,077 (moderate) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $246.78M | 5.21M |
| Fidelity / FMR LLC | $182.87M | 3.86M |
| Capital Research / Capital World | $115.22M | 2.43M |
| Citadel Advisors | $104.51M | 2.21M |
| Renaissance Technologies | $68.75M | 1.45M |
| Millennium Management | $31.27M | 660.38K |
| AQR Capital Management | $25.95M | 548.07K |
| T. Rowe Price Group | $7.96K | 168.03K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2023–2025 · 3 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $3.04B | +9.2% | |
| Gross profit | $2.28B | +0.0% | |
| Operating income | $498.00M | — | |
| Net income | $457.00M | — | |
| Cash from ops | $687.00M | +8.3% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $42.84 | $43.78 | $42.60 | $43.19 | 2.71M |
| Sep 24 | $42.96 | $43.76 | $42.71 | $43.26 | 3.86M |
| Sep 23 | $45.37 | $45.93 | $42.12 | $42.96 | 6.30M |
| Sep 22 | $45.70 | $46.20 | $43.86 | $44.41 | 5.87M |
| Sep 21 | $45.73 | $46.27 | $45.51 | $45.56 | 4.09M |
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