Maplebear Inc.
CART · Price history
Price at last available close
$58.88
+$15.54 (+35.86%) 1M
2026-10-28
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Company & revenue
About Maplebear Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally. The company offers Instacart Marketplace which helps retailers serve customers’ needs by supporting fulfillment options, shopping occasions, and categories; Instacart Enterprise platform, an end-to-end technology solution for retailers across all aspects of business; and Instacart Ads, enables brands to learn more about general consumer behavior from discovery to purchase, offering insights about how to optimize advertising spend. It also provides advertising solutions, including sponsored product ads, display ads, coupons, and brand pages; and software-as-a-service.
How they make money
Instacart operates a technology platform connecting retailers, consumers, and advertisers. It generates revenue primarily through transaction fees charged to retailers for orders placed on its marketplace, advertising services sold to brands, and subscription fees for its enterprise software-as-a-service offerings provided to retailers.
Products & services
Instacart provides an online grocery marketplace, advertising tools for brands, and an enterprise technology platform for retailers including Caper Carts, Carrot Tags, Eversight, FoodStorm, and Storefront.
Brands & revenue mix
The primary consumer-facing brand for the company's marketplace.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
Geographic revenue
Customer concentration
The company discloses that it relies on a network of retailers and advertisers, but does not report a single customer accounting for a majority of revenue in the 2025 fiscal year.
Suppliers, materials & equipment
- Cloud infrastructure providers — The company relies on third-party cloud computing services to host its platform and data, though specific providers are unnamed.Source
Competitors
- Traditional grocery retailers — Retailers that operate their own online ordering and delivery capabilities.Source
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
57
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
71
Strong
Financial Strength
69
Business Quality / Moat
85
Management
100
Growth Quality
31
Risk / Durability
45
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
70
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
69/100
Building Historical Record
Model Score 69/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently moderate.
- •Valuation scores attractively
- •Recent buyback activity is present
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for CART
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can CART maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is CART's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •How is CART likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •Is CART's valuation discount tied to a temporary concern or to a longer-term business risk?
Essential Investment Snapshot
Wall Street Score
57
Opportunity Score
70
Market Cap
$13.98B
P/E Ratio
22.7
EPS
$1.90
52-Week High
$52.68
52-Week Low
$32.73
Beta
0.80
Intrinsic Value
$67.92
Analyst Target
$56.00
Shares Outstanding
279.6M
Total Revenue
$3.99B
Total Debt
$34.0M
Dividend
No current dividend
Liquidation Value / Share
$8.30
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong upward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CART
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on CART.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Extensive network of retail banners.
- +Large base of active brands using advertising tools.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Software - Services industry.
- −Dependence on independent contractor shoppers.
- −Regulatory risks regarding worker classification.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
53
Sep 14, 2026
Change
+4.1
points
Current Score
57
Oct 1, 2026
Category Changes
CART increased 4.1 points because Capital improved by 3 points, Valuation improved by 17.2 points, Buffett improved by 2.2 points.
Positive Contributors
- + Capital improved by 3 points
- + Valuation improved by 17.2 points
- + Buffett improved by 2.2 points
Projected Score
Projected Score
60
Projected Change
+2.8 points
Preliminary comparable-period financial changes suggest improvement of approximately 2.8 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$58.92
Model Intrinsic Value
$67.92
Difference
−$8.99
-13.2% vs IV
Margin of Safety
13.2%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.99B | $3.74B | $3.38B | $3.04B | ···· | ···· | ···· | ···· |
| Cost of Revenue | $1.10B | $984.0M | $836.0M | $764.0M | ···· | ···· | ···· | ···· |
| Gross Profit | $2.89B | $2.76B | $2.54B | $2.28B | ···· | ···· | ···· | ···· |
| Research & Development | $706.0M | $650.0M | $604.0M | $2.31B | ···· | ···· | ···· | ···· |
| SG&A Expenses | $1.32B | $1.34B | $1.17B | $1.76B | ···· | ···· | ···· | ···· |
| Operating Expenses | $2.30B | $2.26B | $2.05B | $4.42B | ···· | ···· | ···· | ···· |
| EBITDA | $741.0M | $655.0M | $619.0M | -$2.00B | ···· | ···· | ···· | ···· |
| Operating Income | $591.0M | $498.0M | $489.0M | -$2.14B | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· |
| Income Before Tax | $625.0M | $556.0M | $552.0M | -$2.06B | ···· | ···· | ···· | ···· |
| Income Tax Expense | $145.0M | $109.0M | $95.0M | -$439.0M | ···· | ···· | ···· | ···· |
| Net Income | $480.0M | $447.0M | $457.0M | -$1.62B | ···· | ···· | ···· | ···· |
| Basic EPS | $1.90 | $1.71 | $1.69 | $-12.43 | ···· | ···· | ···· | ···· |
| Basic Shares | 235M | 261M | 265M | 131M | ···· | ···· | ···· | ···· |
| Diluted Shares | 249M | 280M | 289M | 131M | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$1.04B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.45
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-8.1%
Cash Change
-49.2%
Margin Change
-2.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Debt reduced
What Weakened
- Margins contracted
- Cash position declined
Potential Score Impact
Positive indicators included revenue growth, EPS growth, debt levels. Pressure indicators included cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 14.1%. EPS increased 9.8%. Cash declined 49.2%. Total debt declined 8.1%. Net income margin declined by 2.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
41
Smart Money
41
Number of Gurus
1
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Software - ServicesNews
Why did Instacart (CART) stock rally almost 10% in a day?
Instacart Parent Maplebear Agrees to $5 Million Joint Settlement. A Retiree’s Back-Pay Check Could Complicate Social Security
Instacart reportedly discussed selling itself with DoorDash and Uber
Instacart Is Exploring a Sale, and Uber and DoorDash Are Circling
Rumor Mill · CART
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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