Reading the tape
NASDAQ: CART
Instacart (Maplebear Inc.)
Consumer Cyclical · Specialty Retail
Market Cap
$10.25B
52w High
$53.50
52w Low
$32.73
P/E
24.75
Volume
6.40M
Outstanding Shares
236.71M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -8.07%Revenue (TTM): 10.78%FCF (TTM): 46.23%P/FCF: 20th pct
What changed
The stock fell 8.07% over the last year. Revenue grew 10.78% over the trailing twelve months. Operating margin moved from 14.48% to 14.4%. Free cash flow grew 46.23% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 14.4%. A decisive move in revenue — currently up 10.78% — would be the clearest signal to resolve the ambiguity.
Company profile
Maplebear Inc., doing business as Instacart, provides online grocery shopping services to households in North America.
CEOChris Rogers
SectorConsumer Cyclical
IndustrySpecialty Retail
Employees3,265
IPO dateSep 19, 2023
Valuation
Forward P/E—
EV/EBITDA17.03
Enterprise value$11.15B
Stock splits
Nov 21, 2007↓ Reverse
Every 11 shares became 10
Nov 1, 2006↓ Reverse
Every 11 shares became 10
Profitability & growth
Revenue growth12.34%
Gross margin73.6%▼2.23%vs FY2024
Operating margin14.4%▲6.33%vs FY2024
ROE17.75%▲20.15%vs FY2024
Analyst consensus
RatingBuy
Target price$49.70▲14.81%
20
Buy
5
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 6, 2026
Q2 FY26 · EPS est $0.57 · Revenue est $1.01B
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