Maplebear Inc. (CART) Stock Price & Analysis
Maplebear Inc. (CART) closed at USD 51.68 on Thursday, October 22, 2026, up 2.72% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 50.31; the Oct 22, 2026 session ranged USD 50.33–51.82 on volume of 3,019,582 shares. Market capitalization is $12.27B, with a 52-week range of USD 32.73–52.68 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:58 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CART.md
Key facts (CART)
- Last four reported quarters (through Jun 30, 2026): revenue $3.99B, net income $480M (12.0% margin), free cash flow $1.18B (SEC filings).
- Valuation: P/E 25.6x (avg 27.1x at the last 2 fiscal year-ends).
- 1 of 80 tracked superinvestors hold CART (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.30 on a 1–5 scale) (33 analysts), mean target USD 57.9 (range 45–77).
- Total return with dividends: 1Y +31.1% vs S&P 500 +14.9%; 5Y +72.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.63, revenue estimate $1.07B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CART)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.83B | $2.55B | $3.04B | $3.38B | $3.74B | $3.99B |
| Gross profit | $1.23B | $1.83B | $2.28B | $2.54B | $2.76B | — |
| Operating income | -$86.0M | $62.0M | -$2.14B | $489M | $498M | $588M |
| Net income | -$73.0M | $428M | -$1.62B | $457M | $447M | $480M |
| EPS (diluted) | -$1.12 | $0.96 | -$12.43 | $1.58 | $1.60 | — |
| Free cash flow | -$217M | $253M | $532M | $623M | $910M | $1.18B |
| Gross margin | 66.8% | 71.8% | 74.9% | 75.3% | 73.7% | — |
| Operating margin | -4.7% | 2.4% | -70.4% | 14.5% | 13.3% | 14.7% |
| Net margin | -4.0% | 16.8% | -53.3% | 13.5% | 11.9% | 12.0% |
| Revenue growth | — | +39.1% | +19.2% | +11.0% | +10.8% | — |
| Cash + short-term investments | $1.15B | $1.71B | $2.19B | $1.37B | $687M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CART)
P/E 25.6x · P/S 3.1x · P/FCF 10.4x · P/B 5.3x · FCF yield 9.59% · Earnings yield 3.91% · Buyback yield (TTM) 15.16%
P/E at fiscal year-ends: Dec 2025 28.1x, Dec 2024 26.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (CART)
1 of 80 tracked investors hold CART. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Miller | Miller Value Partners | 0.51% | $2.2M | Added +0.2% |
Analysts (CART)
Consensus Buy (mean 2.30 on a 1–5 scale), 33 analysts; mean target USD 57.9 (low 45, high 77).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-05 | Wells Fargo | Target raised | Equal-Weight | $54 → $56 |
| 2026-09-02 | Argus Research | Target raised | Buy | $50 → $58 |
| 2026-09-01 | Rosenblatt | Initiated | Neutral | $55 |
| 2026-08-10 | Citigroup | Target raised | Buy | $50 → $58 |
| 2026-08-07 | Barclays | Target raised | Overweight | $69 → $77 |
| 2026-08-07 | Benchmark | Target raised | Buy | $55 → $63 |
| 2026-08-07 | Guggenheim | Target raised | Neutral | $44 → $46 |
| 2026-08-07 | JP Morgan | Target raised | Overweight | $55 → $62 |
| 2026-08-07 | Wells Fargo | Target raised | Equal-Weight | $47 → $54 |
| 2026-08-07 | Oppenheimer | Target raised | Outperform | $60 → $65 |
| 2026-08-07 | Needham | Target raised | Buy | $55 → $63 |
| 2026-08-07 | Cantor Fitzgerald | Target raised | Overweight | $56 → $63 |
Total return (dividends reinvested) (CART)
| 1Y (from 2025-10-23) | 5Y (from 2023-09-18) | |
|---|---|---|
| Total return | +31.1% | +72.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +31.2% | +19.2% |
| Volatility (annualized) | 42.0% | 39.7% |
| Max drawdown | -28.8% (Dec 2025→Feb 2026) | -33.9% (Feb 2025→Feb 2026) |
CART revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Transaction | $746.0M | 71.5% | +13.2% |
| Advertising and other | $297.0M | 28.5% | +16.5% |
| Total revenue | $1.04B | 100% | — |
CART revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $994.0M | 95.3% | +13.2% |
| International | $48.0M | 4.6% | +33.3% |
| Total revenue | $1.04B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
CART suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Walmart (WMT) | “Certain brick-and-mortar retailers that have their own digital offering, such as Walmart, also have significant size, scale, geographic, and customer base advantages, which may allow them to grow online sales or capture increasing share of the online grocery market or advertising budgets more effectively and at a faster rate than us.” |
| Partner | Uber (UBER) | “•enter into and maintain strategic partnerships, including our partnership with Uber to offer their restaurant delivery services on our platform;” |
| Competitor | Amazon (AMZN) | “Our Instacart Enterprise platform also includes in-store technology offerings, including Caper Carts, FoodStorm, Carrot Tags, and other in-store applications, which face competition from other retailer technology solution providers, such as Amazon and Hanshow.” |
Quoted from the company's 10-K filed Feb 26, 2026.
Companies that name CART in their SEC reports
| Relationship to CART | Company | Filing | Sentence |
|---|---|---|---|
| partner | Ibotta, Inc. (IBTA) | 10-K Feb 26, 2026 | “This growth was driven primarily by the launch of new partners, namely Instacart and DoorDash, and growth at certain existing third-party publishers.” |
CART company outlook (results filed Aug 6, 2026)
- “Starting with our Q3 2026 financial outlook below, we've widened our GTV and Adjusted EBITDA guidance ranges to reflect our increased operating scale.”
- “Our GTV outlook represents 14% year-over-year growth at the midpoint and we continue to expect GTV to outpace orders growth.”
- “Our Adjusted EBITDA outlook represents 19% year-over-year growth at the midpoint.”
- “We continue to expect this rate of expansion to moderate year-over-year as we reinvest to accelerate across our multiple growth engines and lap some of the more significant operating expense efficiencies realized in 2024 and 2025.”
Quoted word-for-word from the SEC 8-K results press release.
CART analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.63 | $0.64 | -1.9% | $1.07B | 26 |
| Next quarter (ends Dec 2026) | $0.68 | $0.70 | -2.8% | $1.12B | 26 |
| Current fiscal year (ends Dec 2026) | $2.31 | $2.44 | -5.2% | $4.26B | 30 |
| Next fiscal year (ends Dec 2027) | $2.91 | $2.99 | -2.8% | $4.71B | 31 |
CART options: expected move
Options price a move of about ±9.4% (±$4.85) by Nov 6, 2026, which includes earnings on Nov 5, 2026; the earnings reaction alone is priced at about ±7.0%. Over the last 8 reports the stock moved ±10.6% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 38.5% | ±4.6% |
| Nov 6, 2026 | 14 | 57.7% | ±9.4% |
| Nov 13, 2026 | 21 | 50.5% | ±9.9% |
| Nov 20, 2026 | 28 | 50.9% | ±11.4% |
| Nov 27, 2026 | 35 | 47.4% | ±11.8% |
| Dec 4, 2026 | 42 | 47.2% | ±14.5% |
| Dec 18, 2026 | 56 | 46.2% | ±14.5% |
| Jan 15, 2027 | 84 | 43.2% | ±16.5% |
30-day implied volatility 50.1% vs 35.3% realized over the last 30 trading days. Put/call ratio (volume) 0.19. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:58 UTC)
| Price | USD 51.68 |
|---|---|
| Change | ▲ 2.72% (up) |
| Previous Close | USD 50.31 |
| Open | USD 50.48 |
| Day Range | USD 50.33 – 51.82 |
| 52-Week Range | USD 32.73 – 52.68 |
| Volume | 3,019,582 shares |
| Market Cap | $12.27B |
| Exchange | NMS |
Technical Analysis (CART)
Nexqual's technical model rates CART "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 09:58 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 62.19 (neutral) |
| vs SMA50 | Above (USD 48.03) |
| MACD | 1.22 (positive) |
Analyst Ratings (CART)
Wall Street analysts rate CART "Buy" based on 33 analysts, with a mean price target of USD 57.9 (range USD 45–77), per Nexqual as of October 23, 2026 at 09:58 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 33 |
| Mean Target | USD 57.9 |
| High Target | USD 77 |
| Low Target | USD 45 |
| Buy / Hold / Sell | 18 / 15 / 0 |
Earnings (CART)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 1.07 |
| Revenue Estimate | $1.07B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.45 vs est 0.54 ▼ miss |
| 2026-03-31 | USD 0.57 vs est 0.57 ▲ beat |
| 2025-12-31 | USD 0.3 vs est 0.51 ▼ miss |
| 2025-09-30 | USD 0.51 vs est 0.49 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:58 UTC.
Financials & Fundamentals (CART)
| Total Revenue | $3.99B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +14.10% |
| Gross Margin | +72.58% |
| Operating Margin | +14.09% |
| Profit Margin | +12.05% |
| ROE | +16.00% |
| Debt / Equity | 0.01 |
| Current Ratio | 2.28 |
| Total Cash | $850.00M |
| Total Debt | $34.00M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $1.18B (29.5% of revenue) |
Source: Nexqual, October 23, 2026 at 09:58 UTC.
Financial Health Score (CART)
Nexqual rates Maplebear Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:58 UTC.
| Growth | Solid — Revenue +11% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 73%, operating 14% (last 12 months) |
| Balance Sheet | Strong — $850M cash vs $34M debt, net cash position |
| Cash Flow | Strong — FCF $1.18B (last 4 quarters to Jun 2026, SEC), 29% margin |
| Efficiency | Solid — ROE 16%, ROA 9.4% |
Ownership (CART)
| Insider Ownership | +11.01% |
|---|---|
| Institutional Ownership | +79.37% |
| Shares Outstanding | 237.33M |
| Float | 163.55M |
| Short % of Float | +14.43% |
Source: Nexqual, October 23, 2026 at 09:58 UTC.
Leadership (CART)
Maplebear Inc. is led by Chris Rogers, Chairman, CEO & President, per Nexqual as of October 23, 2026 at 09:58 UTC.
| Chairman, CEO & President | Chris Rogers |
|---|---|
| CFO & Treasurer | Emily Maher |
| Chief Technology Officer | Anirban Kundu |
| Vice President of Investor Relations | Rebecca Yoshiyama |
| Chief Marketing Officer | Laura Rachel Jones |
Major Backers & Investors (CART)
Notable institutional backers of Maplebear Inc. include Sc Us (ttgp), Ltd., D1 Capital Partners, LP, LSV Asset Management, according to Nexqual as of October 23, 2026 at 09:58 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Sc Us (ttgp), Ltd. | 12.06% |
| D1 Capital Partners, LP | 9.75% |
| LSV Asset Management | 1.96% |
| Morgan Stanley | 1.82% |
| GCM Grosvenor Holdings, LLC | 1.79% |
| Invesco | 0.55% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 6.92% |
| BlackRock | 6.85% |
| State Street | 2.25% |
| Dimensional Fund Advisors | 2.08% |
Source: Nexqual, October 23, 2026 at 09:58 UTC.
From Maplebear Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- As of December 31, 2025, we had approximately 630 issued patents in the United States and approximately 720 patent applications (including active Patent Cooperation Treaty applications) pending in the United States and globally.
- We control access to and use of our proprietary technology and other confidential information through the use of internal and external controls, including contractual protections with employees, contractors, customers, and partners.
- We further control the use of our proprietary technology and intellectual property through provisions in our terms of service.
- Retailers reach customers through both Instacart Marketplace, where customers can shop from their favorite retailers through our app or website, and retailers' owned and operated online storefronts that are powered by Instacart Enterprise platform, our end-to-end technology solution encompassing e-commerce, fulfillment, Connected Stores, ads and marketing, and insights.
Legal & Regulatory Risks (Item 1A, quoted)
- Our business is subject to various laws and regulations, which may change or increase over time and subject us to increased compliance costs and liabilities.
- The cost of compliance with the evolving and ever-changing legal and regulatory environment may be significant and have in the past required, and may in the future require, us to modify our business and operations or pricing strategies.
- Adverse litigation judgments or settlements resulting from legal proceedings in which we are or may be involved could expose us to monetary damages or limit our ability to operate our business.
- Our business could be adversely impacted by changes in the internet and mobile device accessibility of users. Companies and governmental agencies may restrict access to Instacart, our mobile apps, website, app stores, or the internet generally, which could negatively impact our operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| W | Wayfair Inc. | USD 113.49 | ▲ 0.16% |
| CHWY | Chewy, Inc. | USD 22.33 | ▲ 4.69% |
| ETSY | Etsy, Inc. | USD 90.82 | ▲ 4.12% |
| GLBE | Global-E Online Ltd. | USD 41.33 | ▲ 0.46% |
| VIPS | Vipshop Holdings Limited | USD 12.77 | ▲ 1.43% |
| CPNG | Coupang, Inc. | USD 13.99 | ▲ 0.87% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:58 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt