Instacart (Maplebear Inc.) (CART)

US — Consumer Cyclical Sector
Peers: GME  VIPS  NCLH  DDS  MUSA  MNSO  TXRH  QS  PAG  GAP 

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Key Metrics & Ratings

  • symbol CART
  • Rev/Share 13.7149
  • Book/Share 13.0542
  • PB 3.4456
  • Debt/Equity 0.0107
  • CurrentRatio 3.643
  • ROIC 0.1254

 

  • MktCap 11808732721.0
  • FreeCF/Share 3.3221
  • PFCF 13.419
  • PE 23.1809
  • Debt/Assets 0.0081
  • DivYield 0
  • ROE 0.1578

 

  • Rating A-
  • Score 4
  • Recommendation Buy
  • P/E Score 3
  • DCF Score 3
  • P/B Score 2
  • D/E Score 4

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade CART BMO Capital Markets Market Perform Outperform -- $58 Nov. 11, 2025
Initiation CART Guggenheim -- Neutral -- $40 Oct. 15, 2025
Downgrade CART Piper Sandler Overweight Neutral -- $41 Oct. 3, 2025
Reiterated CART Robert W. Baird -- Outperform $60 $50 Oct. 1, 2025
Downgrade CART BTIG Research Buy Neutral -- -- Sept. 30, 2025
Downgrade CART Wedbush Neutral Underperform -- $42 Aug. 21, 2025
Upgrade CART The Benchmark Company Hold Buy -- $67 Aug. 8, 2025
Initiation CART FBN Securities -- Sector Perform -- $44 March 28, 2025
Initiation CART Seaport Research Partners -- Buy -- $62 Feb. 12, 2025
Upgrade CART BTIG Research Neutral Buy -- $58 Jan. 14, 2025

News

Instacart Got Caught Surveillance Pricing
CART
Published: December 22, 2025 by: MarketBeat
Sentiment: Negative

America's favorite grocery ordering and delivery app came under pressure earlier this month after it was found to have engaged in numerous unlawful tactics that harmed shoppers and raised the cost of grocery shopping for Americans.

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image for news Instacart Got Caught Surveillance Pricing
Instacart ends AI-driven pricing tests that drove up costs for some shoppers
CART
Published: December 22, 2025 by: CNBC
Sentiment: Negative

Instacart said it will no longer allow retailers to run AI pricing tests on its grocery delivery platform after the practice drew widespread scrutiny. A study released earlier this month showed that Instacart's algorithmic pricing tools caused shoppers to pay different prices for identical items from the same store.

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image for news Instacart ends AI-driven pricing tests that drove up costs for some shoppers
Instacart ends AI-driven price experiments after criticism
CART
Published: December 22, 2025 by: Reuters
Sentiment: Negative

Instacart is ending price tests that resulted in different shoppers being shown different prices for groceries, the online retail platform said on Monday after criticism of its artificial intelligence-driven pricing tool.

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image for news Instacart ends AI-driven price experiments after criticism
Instacart Ending All Item Price Tests on Its Platform
CART
Published: December 22, 2025 by: WSJ
Sentiment: Neutral

Instacart said effective immediately, it is ending all item price tests on its platform, and will not charge different prices for the same items.

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image for news Instacart Ending All Item Price Tests on Its Platform
Embattled Instacart to pay $60M to settle claims it deceived members with free delivery offers
CART
Published: December 18, 2025 by: New York Post
Sentiment: Negative

The shopping platform is under scrutiny over a recent study where individual shoppers simultaneously received different prices for the same items at the same stores.

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image for news Embattled Instacart to pay $60M to settle claims it deceived members with free delivery offers
Instacart's AI-Driven Pricing Is Being Investigated by the FTC—Here's What You Need to Know
CART
Published: December 18, 2025 by: Investopedia
Sentiment: Negative

Instacart's use of AI-driven pricing is drawing attention from federal regulators.

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image for news Instacart's AI-Driven Pricing Is Being Investigated by the FTC—Here's What You Need to Know
Instacart faces FTC probe over AI-powered pricing tool
CART
Published: December 18, 2025 by: Proactive Investors
Sentiment: Negative

The US Federal Trade Commission (FTC) has issued a civil investigative demand to Instacart (NASDAQ:CART) for information on its Eversight tool, which allows retailers to test price changes through A/B experiments, the company said. The move comes after reports last fall, including by Consumer Reports, found that identical grocery baskets often cost an average of 7% more online, potentially adding about $1,200 annually to a typical family of four's grocery bills.

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image for news Instacart faces FTC probe over AI-powered pricing tool
CAPITOL HILL CRACKDOWN: Instacart faces EXPLOSIVE scrutiny over AIs impact on pricing
CART
Published: December 15, 2025 by: Fox Business
Sentiment: Negative

FOX Business correspondent Madison Alworth joins 'Varney & Co.' to break down how Instacart's AI-driven pricing tests are triggering congressional action and raising alarms about potential cost hikes for millions of grocery shoppers.

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image for news CAPITOL HILL CRACKDOWN: Instacart faces EXPLOSIVE scrutiny over AIs impact on pricing
Instacart's AI pricing experiment drives up costs for some shoppers, study says
CART
Published: December 12, 2025 by: Fox Business
Sentiment: Negative

Instacart's AI-pricing experiments can charge customers up to 23% more for identical products, potentially costing families $1,200 extra annually through hidden markups.

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image for news Instacart's AI pricing experiment drives up costs for some shoppers, study says
Instacart Shares Fall on Report Alleging Price Discrimination
CART
Published: December 10, 2025 by: WSJ
Sentiment: Negative

The grocery-delivery company's stock was down in morning trading after a report said it displayed several different prices for users who added the same item from the same store at the same time.

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image for news Instacart Shares Fall on Report Alleging Price Discrimination
Instacart's AI pricing tools drive up the cost of some groceries, study finds
CART
Published: December 09, 2025 by: CNBC
Sentiment: Negative

Instacart's algorithmic pricing tools caused shoppers to pay different prices for identical items from the same store, according to a new study. The grocery delivery platform said some of its retail partners run limited pricing tests, but it denied that they use personal data or change prices in real time.

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image for news Instacart's AI pricing tools drive up the cost of some groceries, study finds
Maplebear Inc. (CART) Presents at 53rd Annual Nasdaq Investor Conference Transcript
CART
Published: December 09, 2025 by: Seeking Alpha
Sentiment: Neutral

Maplebear Inc. (CART) Presents at 53rd Annual Nasdaq Investor Conference Transcript

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image for news Maplebear Inc. (CART) Presents at 53rd Annual Nasdaq Investor Conference Transcript
Instacart sues NYC over worker pay, tipping laws that would ‘degrade' business
CART
Published: December 02, 2025 by: New York Post
Sentiment: Negative

The lawsuit targets Local Law 124, which requires companies to offer grocery delivery workers the same minimum pay that restaurant delivery workers are eligible for.

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image for news Instacart sues NYC over worker pay, tipping laws that would ‘degrade' business
Instacart CFO to Participate in Fireside Chat at Nasdaq Conference
CART
Published: November 25, 2025 by: PRNewsWire
Sentiment: Neutral

SAN FRANCISCO , Nov. 25, 2025 /PRNewswire/ -- Instacart (NASDAQ: CART) today announced that Emily Reuter, CFO, will participate in a fireside chat at the Nasdaq 53rd London Investor Conference on Tuesday, December 9th, 2025 at 1:00 p.m. GMT. An audio webcast of the event will be available on Instacart's Investor Relations website at https://investors.instacart.com/.

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image for news Instacart CFO to Participate in Fireside Chat at Nasdaq Conference
Kroger Expands Partnerships with DoorDash, UberEats, Instacart
CART, DASH, KR
Published: November 18, 2025 by: WSJ
Sentiment: Neutral

Kroger said it will book a $2.6 billion charge as it closes some automated facilities and said it expanded partnerships with DoorDash, UberEats and Instacart.

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image for news Kroger Expands Partnerships with DoorDash, UberEats, Instacart
Wall Street Loves Nike, NVIDIA and Instacart
CART, NKE, NVDA
Published: November 11, 2025 by: 24/7 Wall Street
Sentiment: Positive

Instacart (NASDAQ: CART): BMO analysts just upgraded the stock following earnings, noting Instacart continues to deepen its integration of AI technologies in tools for retail partners and enterprises.

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image for news Wall Street Loves Nike, NVIDIA and Instacart
Associated Food Stores Expands Instacart E-Commerce and Retail Media Solutions to Owned Banners and Member Retailers
CART
Published: November 11, 2025 by: PRNewsWire
Sentiment: Neutral

The adoption of Instacart's white-label e-commerce solutions comes after recent rollouts of Instacart enterprise technologies at AFS member retailers, including Davis Food & Drug and Stewart's Marketplace SAN FRANCISCO and SALT LAKE CITY , Nov. 11, 2025 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced that Associated Food Stores (AFS), a retail co-op, is bringing Instacart's white-label e-commerce solutions, Storefront and Storefront Pro, across five owned and operated banners and over 40 member-owned banners. Through this partnership, AFS will bring e-commerce and retail media capabilities to its owned and operated banners, including Fresh …

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image for news Associated Food Stores Expands Instacart E-Commerce and Retail Media Solutions to Owned Banners and Member Retailers
What Instacart's Results Tell Us About Grocery Delivery
CART
Published: November 10, 2025 by: Investopedia
Sentiment: Positive

Maplebear (CART), better known as Instacart, posted better-than-expected results as shoppers placed more orders and spent more money on them.

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image for news What Instacart's Results Tell Us About Grocery Delivery
Instacart: The Growth Story Is Intact After Q3 (Rating Upgrade)
CART
Published: November 10, 2025 by: Seeking Alpha
Sentiment: Positive

Maplebear Inc., Instacart's owner, reported good Q3 results. The company continues to grow despite competitive pressure, resulting in record earnings. Pressure from DoorDash, Amazon, Uber, and others hasn't deteriorated the growth story. Instacart's Q4 GTV guidance is highly encouraging. The market is now overly concerned with Instacart's market share pressure. I estimate 57% upside for CART stock to $55.8.

Read More
image for news Instacart: The Growth Story Is Intact After Q3 (Rating Upgrade)
Maplebear Inc. (CART) Q3 2025 Earnings Call Transcript
CART
Published: November 10, 2025 by: Seeking Alpha
Sentiment: Neutral

Maplebear Inc. ( CART ) Q3 2025 Earnings Call November 10, 2025 8:00 AM EST Company Participants Rebecca Yoshiyama - Vice President of Investor Relations Chris Rogers - CEO, President & Director Emily Maher - CFO & Treasurer Conference Call Participants Eric Sheridan - Goldman Sachs Group, Inc., Research Division Colin Sebastian - Robert W. Baird & Co. Incorporated, Research Division Shweta Khajuria - Wolfe Research, LLC Nikhil Devnani - Sanford C.

Read More
image for news Maplebear Inc. (CART) Q3 2025 Earnings Call Transcript
October trends hold really strong for Instacart, says Needham's Bernie McTernan
CART
Published: November 10, 2025 by: CNBC Television
Sentiment: Positive

Bernie McTernan, Needham senior analyst, joins CNBC's 'Squawk on the Street' to discuss outlooks on Instacart following the company's third quarter earnings.

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image for news October trends hold really strong for Instacart, says Needham's Bernie McTernan
Instacart shares slip on cautious fourth quarter guidance
CART
Published: November 10, 2025 by: Proactive Investors
Sentiment: Negative

Instacart (NASDAQ:CART) reported third quarter 2025 results that surpassed Wall Street estimates for both revenue and earnings per share, but cautious guidance for the holiday quarter weighed on its shares on Monday morning. The grocery technology company posted Q3 revenue of $939 million, slightly above analyst projections of $934.1 million, representing a 10.2% increase from the same period last year.

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image for news Instacart shares slip on cautious fourth quarter guidance
Maplebear (CART) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
CART
Published: November 10, 2025 by: Zacks Investment Research
Sentiment: Neutral

While the top- and bottom-line numbers for Maplebear (CART) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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image for news Maplebear (CART) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Maplebear (CART) Q3 Earnings and Revenues Surpass Estimates
CART
Published: November 10, 2025 by: Zacks Investment Research
Sentiment: Positive

Maplebear (CART) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.42 per share a year ago.

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image for news Maplebear (CART) Q3 Earnings and Revenues Surpass Estimates
Restaurant Depot Partners with Instacart to Transform Member Ordering Experience
CART
Published: October 21, 2025 by: PRNewsWire
Sentiment: Neutral

Wholesale foodservice distributor combines Instacart Business and e-commerce solutions in new mobile app and website for seamless shopping SAN FRANCISCO and NEW YORK , Oct. 21, 2025 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced its partnership with Restaurant Depot , the nation's premier cash and carry food wholesaler, to transform how restaurants and foodservice operators buy supplies. Building on their partnership since 2019, Restaurant Depot has launched a new mobile app and website, combining both Instacart Business and Instacart Storefront Pro for a seamless business-level ordering experience.

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image for news Restaurant Depot Partners with Instacart to Transform Member Ordering Experience
Instacart and TriMet Pilot Program Expands Access and Independence for Older Adults and Riders with Disabilities, While Saving Millions for the Transit Agency
CART
Published: October 16, 2025 by: PRNewsWire
Sentiment: Neutral

Portland transit agency's award-winning initiative leverages Instacart+ memberships to enhance convenience and quality of life for paratransit riders, reducing costs and freeing up essential staff time SAN FRANCISCO , Oct. 16, 2025 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced results from a first-of-its-kind collaboration with the Tri-County Metropolitan Transportation District of Oregon (TriMet) , the public transportation agency serving the Portland, Oregon area and the ninth largest transit system in the U.S. The pilot program provides Instacart+ memberships to eligible paratransit riders, offering them the option to have groceries and essentials delivered …

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image for news Instacart and TriMet Pilot Program Expands Access and Independence for Older Adults and Riders with Disabilities, While Saving Millions for the Transit Agency
Instacart to Report Third Quarter 2025 Financial Results on November 10, 2025
CART
Published: October 16, 2025 by: PRNewsWire
Sentiment: Neutral

SAN FRANCISCO , Oct. 16, 2025 /PRNewswire/ -- Instacart (NASDAQ: CART) today announced it will report its third quarter 2025 financial results before market open on Monday, November 10, 2025. The company's third quarter 2025 Shareholder Letter will be available on Instacart's Investor Relations website at https://investors.instacart.com.

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image for news Instacart to Report Third Quarter 2025 Financial Results on November 10, 2025
Instacart Announces First End-to-End Retail Media Solution on TikTok
CART
Published: October 07, 2025 by: PRNewsWire
Sentiment: Neutral

Instacart becomes the first retail media partner to enable targeting and closed-loop measurement directly within TikTok Ads Manager SAN FRANCISCO , Oct. 7, 2025 /PRNewswire/ -- Instacart (Nasdaq: CART) announced a new integration with TikTok that enables select CPG advertisers to tap into its first-party retail media data to enhance campaign targeting, drive seamless product purchases, and measure performance—all within TikTok Ads Manager. This new integration marks a milestone for retail media innovation, making Instacart the first retail media network (RMN) to offer advertisers end-to-end capabilities natively on TikTok.

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image for news Instacart Announces First End-to-End Retail Media Solution on TikTok
Kroger's delivery expansion with DoorDash is bad news for Instacart, analysts say
CART, DASH, KR
Published: September 29, 2025 by: Market Watch
Sentiment: Neutral

Shares of grocery-delivery app Instacart slid in afternoon trading Monday after rival DoorDash and supermarket giant Kroger said they were expanding an existing partnership to deliver more groceries to consumers' homes starting next month.

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image for news Kroger's delivery expansion with DoorDash is bad news for Instacart, analysts say
Instacart Caper Carts Roll Out New Omnichannel Capabilities for More Savings in Every Aisle
CART
Published: September 25, 2025 by: PRNewsWire
Sentiment: Neutral

Customers can now track EBT SNAP-eligible items, clip digital coupons, earn cash back, and sign up for loyalty programs - all directly on the smart cart SAN FRANCISCO , Sept. 25, 2025 /PRNewswire/ -- Instacart (Nasdaq: CART), the leading grocery technology company in North America, today announced new savings features for its AI-powered Caper Carts , enhancing the omnichannel shopping experience.

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image for news Instacart Caper Carts Roll Out New Omnichannel Capabilities for More Savings in Every Aisle

About Instacart (Maplebear Inc.) (CART)

  • IPO Date 2023-09-19
  • Website https://www.instacart.com
  • Industry Specialty Retail
  • CEO Chris Rogers
  • Employees 3265

Maplebear Inc., doing business as Instacart, provides online grocery shopping services to households in North America. The company connects the consumer with a personal shopper to shop and deliver a range of products, such as food, alcohol, consumer health, pet care, ready-made meals, and others. The company offers its services through a mobile application or website. The company was incorporated in 2012 and is based in San Francisco, California.