Maplebear (CART)

• Market cap: $10.8B
• 1 day: -0.12%
• 5 days: 1.08%
• 1 month: 1.06%
• 3 months: -0.28%
• 6 months: 27.03%
• Year to date: 74.86%
• 1 year: 81.51%
• 5 years: 24.69%
• 10 years: 24.69%
• Sector: Industrials
• Industry: Business Services

About: Maplebear (Instacart) operates a leading grocery delivery platform in the United States and Canada. The company 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 earns 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 about 8 million monthly active users (or orderers) on its platform.

Employees: 3,380

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

47% more first-time investments, than exits

New positions opened: 81 | Existing positions closed: 55

32% more repeat investments, than reductions

Existing positions increased: 108 | Existing positions reduced: 82

21% more capital invested

Capital invested by funds: $6.2B [Q2] → $7.48B (+$1.29B) [Q3]

9% more funds holding

Funds holding: 288 [Q2] → 314 (+26) [Q3]

8% more call options, than puts

Call options by funds: $91.4M | Put options by funds: $85M

0% more funds holding in top 10

Funds holding in top 10: 20 [Q2] → 20 (+0) [Q3]

0.65% less ownership

Funds ownership: 72.85% [Q2] → 72.2% (-0.65%) [Q3]

Research analyst outlook

15 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $37 12% downside
• Avg. target: $51 20% upside
• High target: $60 43% upside

15 analyst ratings

• positive: 10 67%
• neutral: 5 33%
• negative: 0 0%

Loop Capital Rob Sanderson 75% 1-year accuracy 38 / 51 met price target	33% upside $56	Buy Maintained	9 Dec 2024
Deutsche Bank Lee Horowitz 80% 1-year accuracy 8 / 10 met price target	12% downside $37	Hold Initiated	3 Dec 2024
Macquarie Ross Compton 75% 1-year accuracy 3 / 4 met price target	24% upside $52	Outperform Maintained	14 Nov 2024
JMP Securities Andrew Boone 73% 1-year accuracy 67 / 92 met price target	21% upside $51	Market Outperform Maintained	13 Nov 2024
Piper Sandler Thomas Champion 68% 1-year accuracy 32 / 47 met price target	38% upside $58	Overweight Maintained	13 Nov 2024