MaplebearCART
Market Cap: $8.74B
About: Maplebear (Instacart) operates a leading grocery delivery platform in the United States and Canada. The firm partners with various regional and national grocers, which offer their selection of food and other goods to customers through Instacart's ubiquitous platform. Once an item is ordered through Instacart's site, the item is picked and delivered to the customer's home by one of the platform's 600,000 shoppers, who are classified as independent contractors. Instacart collects fees based on average order value and leverages its platform's high usage to sell advertising, mainly to consumer-packaged goods companies. Instacart currently has nearly 8 million monthly active users (or orderers) on its platform.
Employees: 3,380
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
116% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 49
53% more call options, than puts
Call options by funds: $125M | Put options by funds: $81.8M
47% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 59
25% more funds holding
Funds holding: 229 [Q1] → 286 (+57) [Q2]
2.5% more ownership
Funds ownership: 68.78% [Q1] → 71.28% (+2.5%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 20 [Q1] → 20 (+0) [Q2]
11% less capital invested
Capital invested by funds: $6.83B [Q1] → $6.06B (-$771M) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Cantor Fitzgerald Deepak Mathivanan 53% 1-year accuracy 9 / 17 met price target | 32%upside $45 | Overweight Initiated | 5 Sept 2024 |
Citigroup Ronald Josey 60% 1-year accuracy 24 / 40 met price target | 38%upside $47 | Buy Maintained | 8 Aug 2024 |
Macquarie Ross Compton 33% 1-year accuracy 1 / 3 met price target | 32%upside $45 | Outperform Maintained | 8 Aug 2024 |
Wedbush Scott Devitt 77% 1-year accuracy 41 / 53 met price target | 12%upside $38 | Neutral Maintained | 7 Aug 2024 |
BMO Capital Brian Pitz 57% 1-year accuracy 30 / 53 met price target | 15%upside $39 | Market Perform Maintained | 7 Aug 2024 |
Financial journalist opinion
Based on 13 articles about CART published over the past 30 days