Maplebear (NASDAQ:CART) Sets New 1-Year High – Should You Buy?

23 Oct 2026, 20:41 by Sarita Garza · The Markets Daily

Shares of Maplebear Inc. (NASDAQ:CART – Get Free Report) hit a new 52-week high during trading on Friday. The company traded as high as $57.98 and last traded at $56.44, with a volume of 15,581,079 shares traded. The stock had previously closed at $51.68.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CART. Wedbush started coverage on shares of Maplebear in a research note on Thursday, July 16th. They set an “outperform” rating and a $59.00 price target for the company. Citigroup increased their price objective on Maplebear from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Wall Street Zen downgraded Maplebear from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Cantor Fitzgerald lifted their target price on Maplebear from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Barclays upped their target price on Maplebear from $69.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.24.

View Our Latest Analysis on CART

Maplebear Stock Performance

The firm has a market cap of $13.07 billion, a P/E ratio of 30.84, a price-to-earnings-growth ratio of 0.98 and a beta of 0.87. The firm’s fifty day moving average price is $48.05 and its 200 day moving average price is $45.11.

Maplebear (NASDAQ:CART – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.09). The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Maplebear had a net margin of 11.97% and a return on equity of 20.19%. Maplebear’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 earnings per share. As a group, analysts expect that Maplebear Inc. will post 2.33 earnings per share for the current fiscal year.

Insider Transactions at Maplebear

In other Maplebear news, CAO Lisa Blackwood-Kapral sold 3,017 shares of Maplebear stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $47.08, for a total value of $142,040.36. Following the transaction, the chief accounting officer directly owned 37,715 shares of the company’s stock, valued at approximately $1,775,622.20. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Morgan Fong sold 18,390 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $49.96, for a total transaction of $918,764.40. Following the transaction, the insider owned 529,911 shares in the company, valued at approximately $26,474,353.56. This trade represents a 3.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 192,813 shares of company stock valued at $9,629,020 in the last 90 days. Insiders own 24.00% of the company’s stock.

Institutional Trading of Maplebear

Several hedge funds and other institutional investors have recently bought and sold shares of CART. BlackRock Inc. purchased a new position in shares of Maplebear during the 2nd quarter valued at approximately $750,477,000. Dimensional Fund Advisors LP lifted its stake in shares of Maplebear by 31.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,981,960 shares of the company’s stock valued at $186,618,000 after purchasing an additional 1,189,287 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Maplebear in the 2nd quarter valued at $86,462,000. Deutsche Bank AG acquired a new position in shares of Maplebear in the 2nd quarter valued at $73,801,000. Finally, Goodnow Investment Group LLC purchased a new stake in Maplebear during the second quarter worth $69,898,000. 63.09% of the stock is owned by institutional investors and hedge funds.

Maplebear Company Profile

(Get Free Report)

Maplebear Inc, doing business as Instacart, operates a technology-enabled grocery marketplace that connects consumers with retailers and personal shoppers. Through its website and mobile applications, customers can order groceries and other household products for delivery or pickup from participating supermarkets, specialty food stores, convenience retailers and other merchants.

The company also provides retailers with e-commerce, fulfillment and advertising solutions. Its platform supports online storefronts, order management, delivery logistics, customer engagement and data-driven marketing, allowing retail partners to offer digital shopping services and reach consumers through Instacart’s marketplace.