Maplebear (NASDAQ:CART) Posts Earnings Results, Misses Expectations By $0.01 EPS

08 May 2026, 10:45 by Teresa Graham · The Cerbat Gem

Maplebear (NASDAQ:CART – Get Free Report) announced its earnings results on Wednesday. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01), FiscalAI reports. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Maplebear had a net margin of 12.50% and a return on equity of 18.67%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share.

Here are the key takeaways from Maplebear’s conference call:

Strong Q1 results: GTV $10.29B (+13%), total revenue $1.02B (+14%)), GAAP net income $144M (+36%), adjusted EBITDA $300M (+23%), and repurchased $349M of stock with a $1B buyback authorization increase.
Advertising and enterprise momentum: advertising & other revenue grew 16% (fastest since Q3’23), Carrot Ads expanded to >310 partners and 9,000+ brands are active, while Storefront Pro now powers 380+ retailer sites and enterprise deals (including Costco, Aldi) are accelerating.
AI and product innovation are core growth drivers: testing Cart Assistant with ~25% of U.S. customers, integrating with ChatGPT/Claude, and rolling out AI-powered search and generative recommendations that boost discovery, basket build and ad relevance.
Guidance and margin dynamics are mixed: Q2 GTV guide of $10.1B–$10.25B and adjusted EBITDA $290M–$300M; management expects EBITDA to grow faster than GTV over the year but at a moderating rate, while Q1 saw one-time items (Canada DST repeal benefit) and GAAP gross profit % pressured by publisher payments and a $60M regulatory settlement impacting FCF.

Maplebear Stock Up 4.3%

CART traded up $1.64 on Friday, hitting $39.63. 644,667 shares of the company traded hands, compared to its average volume of 4,724,966. The company has a 50 day moving average of $39.26 and a 200-day moving average of $39.90. The stock has a market capitalization of $9.38 billion, a PE ratio of 22.14, a PEG ratio of 0.62 and a beta of 0.96. Maplebear has a 12-month low of $32.73 and a 12-month high of $53.50.

Analysts Set New Price Targets

A number of analysts recently issued reports on CART shares. Jefferies Financial Group raised Maplebear from a “hold” rating to a “buy” rating and upped their target price for the company from $38.00 to $45.00 in a research report on Monday, March 30th. Wells Fargo & Company upped their target price on Maplebear from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday. Barclays upped their target price on Maplebear from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday. Benchmark decreased their target price on Maplebear from $60.00 to $53.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Finally, Wall Street Zen downgraded Maplebear from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.39.

Read Our Latest Report on Maplebear

Insider Activity at Maplebear

In other news, CAO Lisa Blackwood-Kapral sold 9,390 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $40.25, for a total transaction of $377,947.50. Following the completion of the transaction, the chief accounting officer directly owned 58,971 shares of the company’s stock, valued at approximately $2,373,582.75. This represents a 13.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Morgan Fong sold 126,083 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $37.09, for a total value of $4,676,418.47. Following the transaction, the general counsel directly owned 386,643 shares of the company’s stock, valued at approximately $14,340,588.87. This trade represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 144,863 shares of company stock valued at $5,418,135. 24.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Maplebear

A number of large investors have recently modified their holdings of CART. PenderFund Capital Management Ltd. purchased a new position in shares of Maplebear during the 4th quarter worth approximately $27,000. Allworth Financial LP raised its stake in shares of Maplebear by 35.7% during the 3rd quarter. Allworth Financial LP now owns 928 shares of the company’s stock worth $34,000 after buying an additional 244 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of Maplebear by 212.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,157 shares of the company’s stock worth $43,000 after buying an additional 787 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of Maplebear by 49.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,462 shares of the company’s stock worth $66,000 after buying an additional 482 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Maplebear by 71.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,673 shares of the company’s stock worth $67,000 after buying an additional 698 shares in the last quarter. 63.09% of the stock is owned by hedge funds and other institutional investors.

Maplebear Company Profile

(Get Free Report)

Maplebear, Inc, doing business as Instacart, operates a leading online grocery and essentials marketplace that connects consumers, retail partners and personal shoppers through its digital platform. The company enables customers to order groceries, household items and specialty products for same-day or scheduled delivery, as well as in-store pickup. By integrating its technology with retailers’ existing inventory and point-of-sale systems, Maplebear streamlines the shopping experience and provides real-time availability and pricing.