(CART) Maplebear - Overview

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

Stock: Grocery Delivery, Advertising, Software

Total Rating 33
Risk 34
Buy Signal -0.09
Risk 5d forecast
Volatility 42.8%
Relative Tail Risk -1.93%
Reward TTM
Sharpe Ratio 0.07
Alpha -11.80
Character TTM
Beta 0.411
Beta Downside 0.770
Drawdowns 3y
Max DD 38.04%
CAGR/Max DD 0.26

EPS (Earnings per Share)

EPS (Earnings per Share) of CART over the last years for every Quarter: "2021-03": null, "2021-06": null, "2021-09": null, "2021-12": null, "2022-03": null, "2022-06": null, "2022-09": null, "2022-12": null, "2023-03": null, "2023-06": 0.31, "2023-09": -20.86, "2023-12": 0.44, "2024-03": 0.43, "2024-06": 0.2, "2024-09": 0.4282, "2024-12": 0.53, "2025-03": 0.5027, "2025-06": 0.41, "2025-09": 0.51, "2025-12": 0.3,

Revenue

Revenue of CART over the last years for every Quarter: 2021-03: 442, 2021-06: 444, 2021-09: 475, 2021-12: 475, 2022-03: 505, 2022-06: 621, 2022-09: 668, 2022-12: 757, 2023-03: 759, 2023-06: 716, 2023-09: 764, 2023-12: 803, 2024-03: 820, 2024-06: 823, 2024-09: 852, 2024-12: 883, 2025-03: 897, 2025-06: 914, 2025-09: 939, 2025-12: 992,

Description: CART Maplebear March 04, 2026

Maplebear Inc. (Instacart) offers online grocery delivery to North American households. Customers access services via Instacarts app or website. This business model operates within the rapidly expanding e-commerce sector, which has seen significant growth in recent years.

Instacart also generates revenue through advertising services and provides software-as-a-service (SaaS) solutions to businesses. The SaaS model offers recurring revenue streams, a common characteristic in the technology industry.

Founded in 2012 and headquartered in San Francisco, California, Instacart operates in the Food Retail GICS Sub-Industry. For a deeper dive into Instacarts financials and market position, consider exploring its profile on ValueRay.

Headlines to watch out for

  • Grocery delivery demand impacts Instacart Marketplace revenue
  • Retailer adoption of Enterprise Platform drives growth
  • Advertising revenue from CPG brands increases profitability
  • Gig worker availability and wages influence operating costs
  • Regulatory scrutiny of gig economy model poses risk

Piotroski VR‑10 (Strict, 0-10) 8.5

Net Income: 447.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.25 > 0.02 and ΔFCF/TA 9.57 > 1.0
NWC/Revenue: 34.26% < 20% (prev 56.22%; Δ -21.96% < -1%)
CFO/TA 0.26 > 3% & CFO 972.0m > Net Income 447.0m
Net Debt (-601.0m) to EBITDA (622.0m): -0.97 < 3
Current Ratio: 2.40 > 1.5 & < 3
Outstanding Shares: last quarter (265.3m) vs 12m ago -5.94% < -2%
Gross Margin: 73.60% > 18% (prev 0.75%; Δ 7.28k% > 0.5%)
Asset Turnover: 95.92% > 50% (prev 82.09%; Δ 13.83% > 0%)
Interest Coverage Ratio: -15.85 > 6 (EBITDA TTM 622.0m / Interest Expense TTM -33.0m)

Altman Z'' -4.81

A: 0.35 (Total Current Assets 2.20b - Total Current Liabilities 917.0m) / Total Assets 3.69b
B: -1.22 (Retained Earnings -4.49b / Total Assets 3.69b)
C: 0.13 (EBIT TTM 523.0m / Avg Total Assets 3.90b)
D: -3.84 (Book Value of Equity -4.49b / Total Liabilities 1.17b)
Altman-Z'' Score: -4.81 = D

Beneish M -2.98

DSRI: 1.00 (Receivables 1.13b/1.01b, Revenue 3.74b/3.38b)
GMI: 1.02 (GM 73.60% / 75.25%)
AQI: 1.16 (AQ_t 0.34 / AQ_t-1 0.29)
SGI: 1.11 (Revenue 3.74b / 3.38b)
TATA: -0.14 (NI 447.0m - CFO 972.0m) / TA 3.69b)
Beneish M-Score: -2.98 (Cap -4..+1) = A

What is the price of CART shares?

As of March 25, 2026, the stock is trading at USD 38.12 with a total of 3,378,864 shares traded.
Over the past week, the price has changed by -1.65%, over one month by +5.42%, over three months by -15.35% and over the past year by -6.82%.

Is CART a buy, sell or hold?

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

What are the forecasts/targets for the CART price?

Issuer Target Up/Down from current
Wallstreet Target Price 49.5 29.9%
Analysts Target Price 49.5 29.9%

CART Fundamental Data Overview March 23, 2026

P/E Trailing = 23.0813
P/E Forward = 15.5521
P/S = 2.591
P/B = 3.5318
P/EG = 2.008
Revenue TTM = 3.74b USD
EBIT TTM = 523.0m USD
EBITDA TTM = 622.0m USD
Long Term Debt = 36.0m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 3.00m USD (from shortTermDebt, last quarter)
Debt = 36.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -601.0m USD (from netDebt column, last quarter)
Enterprise Value = 9.04b USD (9.70b + Debt 36.0m - CCE 687.0m)
Interest Coverage Ratio = -15.85 (Ebit TTM 523.0m / Interest Expense TTM -33.0m)
EV/FCF = 9.93x (Enterprise Value 9.04b / FCF TTM 911.0m)
FCF Yield = 10.07% (FCF TTM 911.0m / Enterprise Value 9.04b)
FCF Margin = 24.35% (FCF TTM 911.0m / Revenue TTM 3.74b)
Net Margin = 11.95% (Net Income TTM 447.0m / Revenue TTM 3.74b)
Gross Margin = 73.60% ((Revenue TTM 3.74b - Cost of Revenue TTM 988.0m) / Revenue TTM)
Gross Margin QoQ = 71.88% (prev 73.70%)
Tobins Q-Ratio = 2.45 (Enterprise Value 9.04b / Total Assets 3.69b)
Interest Expense / Debt = 4.48% (Interest Expense 1.61m / Debt 36.0m)
Taxrate = 25.69% (28.0m / 109.0m)
NOPAT = 388.7m (EBIT 523.0m * (1 - 25.69%))
Current Ratio = 2.40 (Total Current Assets 2.20b / Total Current Liabilities 917.0m)
Debt / Equity = 0.01 (Debt 36.0m / totalStockholderEquity, last quarter 2.52b)
Debt / EBITDA = -0.97 (Net Debt -601.0m / EBITDA 622.0m)
Debt / FCF = -0.66 (Net Debt -601.0m / FCF TTM 911.0m)
Total Stockholder Equity = 3.11b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.46% (Net Income 447.0m / Total Assets 3.69b)
RoE = 14.36% (Net Income TTM 447.0m / Total Stockholder Equity 3.11b)
RoCE = 16.61% (EBIT 523.0m / Capital Employed (Equity 3.11b + L.T.Debt 36.0m))
RoIC = 12.48% (NOPAT 388.7m / Invested Capital 3.11b)
WACC = 7.41% (E(9.70b)/V(9.73b) * Re(7.43%) + D(36.0m)/V(9.73b) * Rd(4.48%) * (1-Tc(0.26)))
Discount Rate = 7.43% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -33.33 | Cagr: -2.50%
[DCF] Terminal Value 83.53% ; FCFF base≈795.8m ; Y1≈981.7m ; Y5≈1.67b
[DCF] Fair Price = 138.5 (EV 32.72b - Net Debt -601.0m = Equity 33.32b / Shares 240.6m; r=7.41% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 41.56 | EPS CAGR: -1.30% | SUE: -0.91 | # QB: 0
Revenue Correlation: 92.02 | Revenue CAGR: 19.73% | SUE: 1.80 | # QB: 1
EPS next Quarter (2026-06-30): EPS=0.54 | Chg7d=+0.000 | Chg30d=+0.033 | Revisions Net=+9 | Analysts=26
EPS current Year (2026-12-31): EPS=2.39 | Chg7d=-0.002 | Chg30d=+0.177 | Revisions Net=+18 | Growth EPS=+49.1% | Growth Revenue=+10.7%
EPS next Year (2027-12-31): EPS=2.77 | Chg7d=-0.002 | Chg30d=+0.271 | Revisions Net=+19 | Growth EPS=+16.1% | Growth Revenue=+9.1%
[Analyst] Revisions Ratio: +0.60 (12 Up / 3 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.6% (Discount Rate 7.9% - Earnings Yield 4.3%)
[Growth] Growth Spread = +7.1% (Analyst 10.7% - Implied 3.6%)

Additional Sources for CART Stock

Fund Manager Positions: Dataroma | Stockcircle