Maplebear (CART)

• Market cap: $12.3B
• 1 day: 0.67%
• 5 days: 2.86%
• 1 month: 1.68%
• 3 months: 6.43%
• 6 months: 14.89%
• Year to date: 8.48%
• 1 year: 25.24%
• 5 years: 38.55%
• 10 years: 38.55%
• Sector: Consumer Discretionary
• Industry: Internet Retail

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: 3,265

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

93% more first-time investments, than exits

New positions opened: 108 | Existing positions closed: 56

89% more repeat investments, than reductions

Existing positions increased: 191 | Existing positions reduced: 101

54% more call options, than puts

Call options by funds: $204M | Put options by funds: $133M

23% more capital invested

Capital invested by funds: $7.86B [Q1] → $9.7B (+$1.84B) [Q2]

11% more funds holding

Funds holding: 416 [Q1] → 462 (+46) [Q2]

7.2% more ownership

Funds ownership: 74.5% [Q1] → 81.7% (+7.2%) [Q2]

22% less funds holding in top 10

Funds holding in top 10: 18 [Q1] → 14 (-4) [Q2]

Research analyst outlook

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

• Low target: $42
• Avg. target: $59
• High target: $67

14 analyst ratings

• positive: 9 64%
• neutral: 4 29%
• negative: 1 7%

BTIG Jake Fuller	$55	Buy Maintained	16 Sep 2025
Wells Fargo Ken Gawrelski	$57	Equal-Weight Maintained	5 Sep 2025
Baird Colin Sebastian	$60	Outperform Maintained	22 Aug 2025
Wedbush Scott Devitt	$42	Underperform Downgraded	21 Aug 2025
Morgan Stanley Brian Nowak	$48	Equal-Weight Maintained	15 Aug 2025