Overview Dividends

(CART) Maplebear - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US5653941030

Grocery Delivery, Advertising, SaaS

CART EPS (Earnings per Share)

EPS Growth (3Y CAGR): -0.65%
EPS Trend (3Y Correlation): 38.0%

CART Revenue

Revenue Growth (3Y CAGR): 12.08%
Revenue Trend (3Y Correlation): 95.1%

Description: CART Maplebear October 31, 2025

Maplebear Inc., which operates under the Instacart brand, provides an online grocery shopping platform to North-American households via a mobile app and website. In addition to fulfillment, the company monetizes its network through advertising and software-as-a-service (SaaS) offerings for retailers.

Based on the most recent public filings (Q2 2024) and third-party estimates, Instacart generated roughly $5.2 billion in revenue in FY 2023, representing a year-over-year increase of about 12 %. The platform reported approximately 28 million active users and processed around $30 billion in gross merchandise volume (GMV), with a take-rate (revenue ÷ GMV) of roughly 1.7 %.

The grocery e-commerce sector is being driven by persistent inflation-induced shifts toward price-sensitive online purchasing, a tight labor market that raises fulfillment costs, and continued consolidation among major retailers seeking omnichannel capabilities. Instacart’s growth is therefore closely tied to overall U.S. grocery sales (≈ $800 billion annually) and the pace of digital adoption, which the USDA projects will rise at a compound annual growth rate of about 9 % through 2027.

For a deeper, data-rich analysis of Instacart’s valuation metrics and competitive positioning, you might find the research tools on ValueRay useful as a next step.

CART Stock Overview

Market Cap in USD	9,710m
Sub-Industry	Food Retail
IPO / Inception	2023-09-19

CART Stock Ratings

Growth Rating	25.2%
Fundamental	82.3%
Dividend Rating	-
Return 12m vs S&P 500	-33.8%
Analyst Rating	3.91 of 5

CART Dividends

Currently no dividends paid

CART Growth Ratios

Growth Correlation 3m	-84.2%
Growth Correlation 12m	-14.3%
Growth Correlation 5y	79.9%
CAGR 5y	9.97%
CAGR/Max DD 3y (Calmar Ratio)	0.29
CAGR/Mean DD 3y (Pain Ratio)	0.67
Sharpe Ratio 12m	-0.22
Alpha	-38.70
Beta	1.114
Volatility	42.16%
Current Volume	15132.4k
Average Volume 20d	4865.8k
Stop Loss	35.1 (-4.5%)
Signal	0.09

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (488.0m TTM) > 0 and > 6% of Revenue (6% = 212.8m TTM)

FCFTA 0.18 (>2.0%) and ΔFCFTA 2.15pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 56.94% (prev 57.17%; Δ -0.23pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.19 (>3.0%) and CFO 839.0m > Net Income 488.0m (YES >=105%, WARN >=100%)

Net Debt (-1.57b) to EBITDA (637.0m) ratio: -2.47 <= 3.0 (WARN <= 3.5)

Current Ratio 3.32 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (281.3m) change vs 12m ago -1.73% (target <= -2.0% for YES)

Gross Margin 74.84% (prev 74.95%; Δ -0.11pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 83.83% (prev 79.71%; Δ 4.12pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -18.50 (EBITDA TTM 637.0m / Interest Expense TTM -30.0m) >= 6 (WARN >= 3)

Altman Z'' -2.73

(A) 0.46 = (Total Current Assets 2.89b - Total Current Liabilities 871.0m) / Total Assets 4.43b

(B) -0.80 = Retained Earnings (Balance) -3.57b / Total Assets 4.43b

(D) -3.79 = Book Value of Equity -3.57b / Total Liabilities 942.0m

Total Rating: -2.73 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 82.27

1. Piotroski 6.0pt = 1.0

2. FCF Yield 9.70% = 4.85

3. FCF Margin 21.97% = 5.49

4. Debt/Equity 0.01 = 2.50

5. Debt/Ebitda -2.47 = 2.50

6. ROIC - WACC (= 4.48)% = 5.60

7. RoE 15.45% = 1.29

8. Rev. Trend 95.14% = 7.14

9. EPS Trend 38.03% = 1.90

What is the price of CART shares?

As of November 09, 2025, the stock is trading at USD 36.75 with a total of 15,132,410 shares traded.
Over the past week, the price has changed by -0.30%, over one month by -5.75%, over three months by -25.59% and over the past year by -24.48%.

Is Maplebear a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, Maplebear (NASDAQ:CART) is currently (November 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 82.27 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CART is around 30.11 USD . This means that CART is currently overvalued and has a potential downside of -18.07%.

Is CART a buy, sell or hold?

Maplebear has received a consensus analysts rating of 3.91. Therefore, it is recommended to buy CART.

Strong Buy: 11
Buy: 7
Hold: 14
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the CART price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	55.5	51%
Analysts Target Price	55.5	51%
ValueRay Target Price	34.1	-7.3%

CART Fundamental Data Overview November 04, 2025

Market Cap USD = 9.71b (9.71b USD * 1.0 USD.USD)
P/E Trailing = 21.3064
P/E Forward = 15.528
P/S = 2.7384
P/B = 3.1373
P/EG = 0.7365
Beta = 1.114
Revenue TTM = 3.55b USD
EBIT TTM = 555.0m USD
EBITDA TTM = 637.0m USD
Long Term Debt = 37.0m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 3.00m USD (from shortTermDebt, last quarter)
Debt = 37.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.57b USD (from netDebt column, last quarter)
Enterprise Value = 8.03b USD (9.71b + Debt 37.0m - CCE 1.72b)
Interest Coverage Ratio = -18.50 (Ebit TTM 555.0m / Interest Expense TTM -30.0m)
FCF Yield = 9.70% (FCF TTM 779.0m / Enterprise Value 8.03b)
FCF Margin = 21.97% (FCF TTM 779.0m / Revenue TTM 3.55b)
Net Margin = 13.76% (Net Income TTM 488.0m / Revenue TTM 3.55b)
Gross Margin = 74.84% ((Revenue TTM 3.55b - Cost of Revenue TTM 892.0m) / Revenue TTM)
Gross Margin QoQ = 74.18% (prev 74.80%)
Tobins Q-Ratio = 1.81 (Enterprise Value 8.03b / Total Assets 4.43b)
Interest Expense / Debt = 4.36% (Interest Expense 1.61m / Debt 37.0m)
Taxrate = 18.31% (26.0m / 142.0m)
NOPAT = 453.4m (EBIT 555.0m * (1 - 18.31%))
Current Ratio = 3.32 (Total Current Assets 2.89b / Total Current Liabilities 871.0m)
Debt / Equity = 0.01 (Debt 37.0m / totalStockholderEquity, last quarter 3.49b)
Debt / EBITDA = -2.47 (Net Debt -1.57b / EBITDA 637.0m)
Debt / FCF = -2.02 (Net Debt -1.57b / FCF TTM 779.0m)
Total Stockholder Equity = 3.16b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.01% (Net Income 488.0m / Total Assets 4.43b)
RoE = 15.45% (Net Income TTM 488.0m / Total Stockholder Equity 3.16b)
RoCE = 17.37% (EBIT 555.0m / Capital Employed (Equity 3.16b + L.T.Debt 37.0m))
RoIC = 14.58% (NOPAT 453.4m / Invested Capital 3.11b)
WACC = 10.10% (E(9.71b)/V(9.75b) * Re(10.12%) + D(37.0m)/V(9.75b) * Rd(4.36%) * (1-Tc(0.18)))
Discount Rate = 10.12% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.40%
[DCF Debug] Terminal Value 74.99% ; FCFE base≈715.8m ; Y1≈883.0m ; Y5≈1.51b
Fair Price DCF = 68.13 (DCF Value 17.95b / Shares Outstanding 263.4m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 38.03 | EPS CAGR: -0.65% | SUE: -0.07 | # QB: 0
Revenue Correlation: 95.14 | Revenue CAGR: 12.08% | SUE: 1.30 | # QB: 1

Additional Sources for CART Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle