CART Stock Analysis: Maplebear | NASDAQ
Internet Retail | NASDAQ, USA | Market Cap: 11.216m USD | 12M Return: 11% | US5653941030 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 173M
Qual. Beats: 0
Rev. Trend: 99.8%
Qual. Beats: 3
Warnings
Tailwinds
Seasonality 2.9 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 (NASDAQ: CART), is a technology and enablement partner for the grocery industry, operating its consumer marketplace and related services in the United States and internationally. The company was incorporated in 2012 and is headquartered in San Francisco, California.
Instacart operates a three-part platform: the Instacart Marketplace, which connects consumers with grocers for fulfillment across multiple shopping occasions; the Instacart Enterprise platform, an end-to-end technology offering for retailers; and Instacart Ads, which provides brands with advertising products (sponsored product ads, display ads, coupons, and brand pages) and consumer-insight tools. The business combines a two-sided consumer/retailer marketplace with enterprise software-as-a-service and an advertising layer, effectively monetizing the same grocery order through delivery fees, retailer service fees, and brand ad spend.
The company is classified under the GICS Consumer Staples sector within the Food Retail sub-industry, and completed its initial public offering on September 19, 2023. Services are delivered through the Instacart mobile application and website.
- Instacart Ads revenue accelerates, boosting take rate and margins
- Competition from Walmart+ and Amazon pressures grocery delivery market share
- Enterprise platform retailer wins diversify revenue beyond consumer marketplace
| 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 August 14, 2026, the stock is trading at USD 50.08 with a total of 3,316,389 shares traded. Over the past week, the price has changed by +11.21%, over one month by +3.73%, over three months by +25.36% and over the past year by +11.02%.
Current recommended Stop Loss: 45.50 (which is 9.1% or 2.3 ATR below the current price).
Maplebear has received a consensus analysts rating of 3.91. Therefore, it is recommended to buy CART.
- StrongBuy: 11
- Buy: 7
- Hold: 14
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 57 | 13.8% |
P/E Trailing = 26.9167
P/E Forward = 20.0803
P/S = 2.809
P/B = 5.0386
P/EG = 2.8378
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 = 10.4b USD (11.2b + Debt 34.0m - CCE 850.0m)
Interest Coverage Ratio = unknown (Ebit TTM 625.0m / Interest Expense TTM 0.0)
EV/FCF = 8.85x (Enterprise Value 10.4b / FCF TTM 1.18b)
FCF Yield = 11.30% (FCF TTM 1.18b / Enterprise Value 10.4b)
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 = 2.96 (Enterprise Value 10.4b / 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 = 6.62% (E(11.2b)/V(11.3b) * Re(6.64%) + D(34.0m)/V(11.3b) * Rd(0.0%) * (1-Tc(0.23)))
Discount Rate = 6.64% (= 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 = 115.0 (EV 25.8b - Net Debt -816.0m = Equity 26.6b / Shares 231.5m; 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=-1.76% | Revisions=+57% | Analysts=25
EPS current Year (2026-12-31): EPS=2.33 | Chg30d=-4.31% | Revisions=+57% | GrowthEPS=+45.5% | GrowthRev=+13.4%
EPS next Year (2027-12-31): EPS=2.94 | Chg30d=-1.08% | Revisions=+38% | GrowthEPS=+26.5% | GrowthRev=+10.5%
[Analyst] Revisions Ratio: +69% (up=12, down=1)