Maplebear (NASDAQ:CART) Releases Earnings Results, Misses Expectations By $0.22 EPS

Maplebear (NASDAQ:CART) issued its quarterly earnings data on Thursday. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.22), FiscalAI reports. The firm had revenue of $992.00 million during the quarter, compared to the consensus estimate of $969.95 million. Maplebear had a net margin of 14.09% and a return on equity of 15.72%.

Here are the key takeaways from Maplebear’s conference call:

• Q4 momentum: Instacart delivered its strongest GTV growth in three years with $9.85B GTV (+14% YoY) and 89.5M orders (+16%), and repurchased $1.1B of shares in Q4 (total $1.4B repurchased in 2025).
• Marketplace + Enterprise play: The company now reaches 2,200+ retail banners (~100,000 locations) and powers >380 grocery e?commerce sites, using a land?and?expand Storefront Pro strategy (examples: Costco, Sprouts) to deepen retailer integrations and drive durable growth.
• AI and product acceleration: Heavy AI investments lifted average engineer output ~40% and enabled ~4x faster production builds, accelerating rollouts like Cart Assistant, Smart Shop, Caper Cart, and international launches.
• Advertising expansion: Ads and other revenue grew 10% YoY, Carrot Ads expanded to 310+ retailer sites, 9,000+ brands advertised on Instacart, and off?platform/data solutions plus in?store Caper ads are new monetization vectors.
• Near?term financial headwinds: GAAP net income fell 46% to $81M primarily due to non?recurring legal/regulatory charges (including a $60M FTC settlement), and cost of revenue rose partly from higher payments to publishers tied to ad initiatives (expected to moderate in 2026).

Maplebear Price Performance

Shares of Maplebear stock traded up $0.31 during trading on Thursday, hitting $33.24. The stock had a trading volume of 9,568,463 shares, compared to its average volume of 5,508,494. The business has a fifty day moving average of $41.54 and a two-hundred day moving average of $41.98. Maplebear has a fifty-two week low of $32.73 and a fifty-two week high of $53.50. The firm has a market cap of $8.73 billion, a P/E ratio of 18.26, a PEG ratio of 0.90 and a beta of 1.00.

Trending Headlines about Maplebear

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Revenue and guidance beat — Instacart topped Wall Street’s Q4 revenue estimates, reported its strongest GTV in three years and issued strong forward guidance, which traders viewed as a catalyst for the rally. Instacart stock pops 14% on revenue beat, rosy guidance
• Positive Sentiment: Outlook and core profit forecast lifted — Management forecasted current-quarter GTV and core profit above expectations, citing strong essentials demand and an expanding advertising business. That outlook supports near-term revenue growth and margin improvement. Instacart forecasts strong quarter driven by essentials demand, advertisement business
• Neutral Sentiment: Official Q4 release / investor letter posted — Instacart published its full Q4 and FY2025 financial results and shareholder letter; investors can find line-item detail and management commentary there for modeling. Instacart Announces Fourth Quarter and Full Year 2025 Financial Results
• Neutral Sentiment: New retail partnership expands assortment — A same-day partnership with Lush increases product breadth and could boost order frequency around seasonal demand, but the immediate financial impact is modest. Instacart Partners with Lush to Bring Fresh, Handmade Cosmetics to Customers in as Fast as One Hour
• Neutral Sentiment: Marketing / visibility note — Coverage highlighting Maplebear’s tech for seamless shopping may help brand perception but is unlikely to move fundamentals immediately. Maplebear Enhances Nasdaq Composite with Seamless Shopping Tech
• Negative Sentiment: EPS missed estimates — Reported EPS of $0.30 missed the $0.52 consensus, which is pressuring valuation despite the revenue beat. (Earnings release showed $992M revenue vs. $970M consensus.)
• Negative Sentiment: One-time FTC settlement hit profits — Net income fell to $81M from $148M a year earlier after a $60M settlement; that reduced reported EPS and is cited as the main driver of the year-over-year profit decline. Instacart Profit Falls Following $60 Million Settlement With FTC
• Negative Sentiment: Analyst downgrades / lower expectations — At least one shop has trimmed its outlook for CART, which could cap upside until the company demonstrates sustained margin expansion. Benchmark Has Lowered Expectations for Maplebear Stock Price

Insider Buying and Selling

In other Maplebear news, General Counsel Morgan Fong sold 4,914 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $45.21, for a total value of $222,161.94. Following the completion of the sale, the general counsel directly owned 404,940 shares of the company’s stock, valued at approximately $18,307,337.40. This represents a 1.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 26.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Allworth Financial LP grew its holdings in shares of Maplebear by 35.7% in the 3rd quarter. Allworth Financial LP now owns 928 shares of the company’s stock worth $34,000 after acquiring an additional 244 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Maplebear by 212.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,157 shares of the company’s stock valued at $43,000 after purchasing an additional 787 shares during the period. Wilmington Savings Fund Society FSB increased its stake in Maplebear by 49.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,462 shares of the company’s stock worth $66,000 after purchasing an additional 482 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Maplebear by 71.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,673 shares of the company’s stock worth $67,000 after buying an additional 698 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Maplebear during the 2nd quarter worth about $114,000. Institutional investors own 63.09% of the company’s stock.

Wall Street Analysts Forecast Growth

CART has been the topic of a number of recent analyst reports. Benchmark cut their price target on Maplebear from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday. Wall Street Zen cut Maplebear from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Stifel Nicolaus cut their target price on Maplebear from $49.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Guggenheim initiated coverage on Maplebear in a research report on Wednesday, October 15th. They set a “neutral” rating and a $40.00 price target for the company. Finally, Needham & Company LLC lowered their price target on Maplebear from $66.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Fifteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Maplebear presently has an average rating of “Hold” and an average target price of $51.35.

Maplebear Company Profile

Maplebear, Inc, doing business as Instacart, operates a leading online grocery and essentials marketplace that connects consumers, retail partners and personal shoppers through its digital platform. The company enables customers to order groceries, household items and specialty products for same-day or scheduled delivery, as well as in-store pickup. By integrating its technology with retailers’ existing inventory and point-of-sale systems, Maplebear streamlines the shopping experience and provides real-time availability and pricing.

Founded in 2012 and headquartered in San Francisco, Maplebear has grown from a regional startup to a publicly traded company listed on NASDAQ under the ticker CART.