In the latest trading session, 4.52 million Maplebear Inc (NASDAQ:CART) shares changed hands as the company’s beta touched 1.06. With the company’s most recent per share price at $43.96 changed hands at -$4.82 or -9.89% at last look, the market valuation stands at $11.29B. CART’s current price is a discount, trading about -21.57% off its 52-week high of $53.44. The share price had its 52-week low at $29.72, which suggests the last value was 32.39% up since then.
Analysts gave the Maplebear Inc (CART) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended CART as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Maplebear Inc’s EPS for the current quarter is expected to be 0.71.
Maplebear Inc (NASDAQ:CART) trade information
Instantly CART was in red as seen in intraday trades today. With action -17.29%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 6.13%, with the 5-day performance at -17.29% in the red. However, in the 30-day time frame, Maplebear Inc (NASDAQ:CART) is -3.71% down.
The consensus price target for the stock as assigned by Wall Street analysts is 50.5, meaning bulls need an upside of 12.95% from its recent market value. According to analyst projections, CART’s forecast low is 41 with 60 as the target high. To hit the forecast high, the stock’s price needs a -36.49% plunge from its current level, while the stock would need to tank 6.73% for it to hit the projected low.
Maplebear Inc (CART) estimates and forecasts
Year-over-year growth is forecast to reach 9.27% up from the last financial year.
Consensus estimates given by 24 financial analysts project the company’s revenue in the current quarter to hit an average of 895.99M. 24 analysts are of the opinion that Maplebear Inc’s revenue for the current quarter will be 901.59M. The company’s revenue for the corresponding quarters a year ago was 820M and 823M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 9.27%. The estimates for the next quarter sales put growth at 9.55%.
The 2025 estimates are for Maplebear Inc earnings to increase by 0.70%, but the outlook for the next 5-year period is at 12.23% per year.
Maplebear Inc (NASDAQ:CART)’s Major holders
D1 CAPITAL PARTNERS L.P. holds the second largest percentage of outstanding shares, with 10.8876% or 28.91 million shares worth $929.2 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Pacer U.S. Cash Cows 100 ETF. With 4.11 shares estimated at $180.45 million under it, the former controlled 1.60% of total outstanding shares. On the other hand, Pacer U.S. Cash Cows 100 ETF held about 1.52% of the shares, roughly 3.91 shares worth around $171.54 million.
