CART Stock Analysis: Maplebear | NASDAQ
Internet Retail | NASDAQ, USA | Market Cap: 10.839m USD | 12M Return: 16.8% | US5653941030 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 174M
Qual. Beats: 0
Rev. Trend: 99.8%
Qual. Beats: 3
Warnings
Tailwinds
No distinct edge detected
Seasonality 3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Maplebear Inc., doing business as Instacart, is a technology and enablement partner for the grocery industry, operating in the United States and internationally. The company runs a multi-sided platform consisting of Instacart Marketplace, which connects retailers with consumers for fulfillment; Instacart Enterprise, an end-to-end technology solution for grocers; and Instacart Ads, an advertising arm that allows consumer packaged goods brands to promote products and leverage shopper data. Instacart monetizes through retail commissions, enterprise software fees, and advertising revenue, and its services are accessed via its mobile application and website.
Founded in 2012 and headquartered in San Francisco, California, Instacart went public on the Nasdaq in September 2023 under the ticker CART. It is classified within the Consumer Staples sector and Food Retail sub-industry, reflecting its core role in facilitating grocery distribution, while its bundled marketplace, SaaS, and advertising model positions it as a hybrid between a consumer-facing delivery platform and a retail-technology provider.
- Instacart GTV growth accelerates as retail partners expand
- Advertising revenue scales with retailer adoption of Carrot Ads
- Competition from DoorDash and Uber Eats pressures market share and pricing
- Enterprise platform expansion drives retailer technology spend
| Net Income: 480.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.33 > 0.02 and ΔFCF/TA 15.90 > 1.0 |
| NWC/Revenue: 29.75% < 20% (prev 56.94%; Δ -27.19% < -1%) |
| CFO/TA 0.35 > 3% & CFO 1.23b > Net Income 480.0m |
| Net Debt (-816.0m) to EBITDA (741.0m): -1.10 < 3 |
| Current Ratio: 2.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (248.9m) vs 12m ago -11.50% < -2% |
| Gross Margin: 72.43% > 18% (prev 74.84%; Δ -2.42% > 0.5%) |
| Asset Turnover: 100.5% > 50% (prev 79.99%; Δ 20.55% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.34 (Total Current Assets 2.12b - Total Current Liabilities 929.0m) / Total Assets 3.51b |
| B: -1.41 (Retained Earnings -4.96b / Total Assets 3.51b) |
| C: 0.16 (EBIT TTM 625.0m / Avg Total Assets 3.97b) |
| D: 1.95 (Book Value of Equity 2.32b / Total Liabilities 1.19b) |
| Altman-Z'' = 0.72 = B |
| DSRI: 0.83 (Receivables 979.0m/1.04b, Revenue 3.99b/3.55b) |
| GMI: 1.03 (GM 74.84% / 72.43%) |
| AQI: 1.12 (AQ_t 0.33 / AQ_t-1 0.29) |
| SGI: 1.13 (Revenue 3.99b / 3.55b) |
| TATA: -0.21 (NI 480.0m - CFO 1.23b) / TA 3.51b) |
| Beneish M = -2.99 (Cap -4..+1) = A |
As of October 09, 2026, the stock is trading at USD 46.30 with a total of 2,577,014 shares traded. Over the past week, the price has changed by +4.96%, over one month by -3.54%, over three months by -3.00% and over the past year by +16.77%.
Current recommended Stop Loss: 44.20 (which is 4.5% or 1.4 ATR below the current price).
Maplebear has received a consensus analysts rating of 3.97. Therefore, it is recommended to buy CART.
- StrongBuy: 13
- Buy: 5
- Hold: 14
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 58.2 | 25.7% |
P/E Trailing = 24.9563
P/E Forward = 12.987
P/S = 2.7145
P/B = 4.2812
P/EG = 1.7351
Revenue TTM = 3.99b USD
EBIT TTM = 625.0m USD
EBITDA TTM = 741.0m USD
Long Term Debt = 31.0m USD (estimated: total debt 34.0m - short term 3.00m)
Short Term Debt = 3.00m USD (from shortTermDebt, last quarter)
Debt = 34.0m USD (from shortLongTermDebtTotal, last quarter) (leases 34.0m already included)
Net Debt = -816.0m USD (calculated: Debt 34.0m - CCE 850.0m)
Enterprise Value = 10.0b USD (10.8b + Debt 34.0m - CCE 850.0m)
Interest Coverage Ratio = unknown (Ebit TTM 625.0m / Interest Expense TTM 0.0)
EV/FCF = 8.53x (Enterprise Value 10.0b / FCF TTM 1.18b)
FCF Yield = 11.72% (FCF TTM 1.18b / Enterprise Value 10.0b)
FCF Margin = 29.43% (FCF TTM 1.18b / Revenue TTM 3.99b)
Net Margin = 12.02% (Net Income TTM 480.0m / Revenue TTM 3.99b)
Gross Margin = 72.43% ((Revenue TTM 3.99b - Cost of Revenue TTM 1.10b) / Revenue TTM)
Gross Margin QoQ = 72.00% (prev 71.84%)
Tobins Q-Ratio = 2.86 (Enterprise Value 10.0b / Total Assets 3.51b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 34.0m)
Taxrate = 23.20% (145.0m / 625.0m)
NOPAT = 480.0m (EBIT 625.0m * (1 - 23.20%))
Current Ratio = 2.28 (Total Current Assets 2.12b / Total Current Liabilities 929.0m)
Debt / Equity = 0.01 (Debt 34.0m / totalStockholderEquity, last quarter 2.32b)
Debt / EBITDA = -1.10 (Net Debt -816.0m / EBITDA 741.0m)
Debt / FCF = -0.69 (Net Debt -816.0m / FCF TTM 1.18b)
Total Stockholder Equity = 2.72b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.09% (Net Income 480.0m / Total Assets 3.51b)
RoE = 17.63% (Net Income TTM 480.0m / Total Stockholder Equity 2.72b)
RoCE = 22.70% (EBIT 625.0m / Capital Employed (Equity 2.72b + L.T.Debt 31.0m))
RoIC = 20.13% (NOPAT 480.0m / Invested Capital 2.38b)
WACC = 6.21% (E(10.8b)/V(10.9b) * Re(6.23%) + D(34.0m)/V(10.9b) * Rd(0.0%) * (1-Tc(0.23)))
Discount Rate = 6.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -62.51 | Cagr: -2.86%
[DCF] Terminal Value 77.97% ; FCFF base≈1.02b ; Y1≈1.17b ; Y5≈1.72b
[DCF] Fair Price = 112.2 (EV 25.8b - Net Debt -816.0m = Equity 26.6b / Shares 237.3m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.52 | # QB: 0
Revenue Correlation: 99.82 | Revenue CAGR: 11.03% | SUE: 1.76 | # QB: 3
EPS current Quarter (2026-09-30): EPS=0.63 | Chg30d=+0.06% | Revisions=-25% | Analysts=26
EPS current Year (2026-12-31): EPS=2.31 | Chg30d=-0.61% | Revisions=-25% | GrowthEPS=+44.5% | GrowthRev=+13.8%
EPS next Year (2027-12-31): EPS=2.91 | Chg30d=-1.13% | Revisions=+25% | GrowthEPS=+25.9% | GrowthRev=+10.5%
[Analyst] Revisions Ratio: -17% (up=1, down=2)