Latest news with #Maplebear
Yahoo
29-05-2025
- Business
- Yahoo
Here's Why Maplebear (CART) is a Great Momentum Stock to Buy
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Maplebear (CART), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Maplebear currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> In order to see if CART is a promising momentum pick, let's examine some Momentum Style elements to see if this operator of the Instacart grocery delivery service holds up. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For CART, shares are up 2.91% over the past week while the Zacks Internet - Commerce industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 17.87% compares favorably with the industry's 8.4% performance as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of Maplebear have increased 21.84% over the past quarter, and have gained 52.07% in the last year. On the other hand, the S&P 500 has only moved -0.81% and 12.32%, respectively. Investors should also pay attention to CART's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. CART is currently averaging 4,581,467 shares for the last 20 days. The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with CART. Over the past two months, 10 earnings estimates moved higher compared to 1 lower for the full year. These revisions helped boost CART's consensus estimate, increasing from $1.61 to $1.70 in the past 60 days. Looking at the next fiscal year, 8 estimates have moved upwards while there have been 3 downward revisions in the same time period. Taking into account all of these elements, it should come as no surprise that CART is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Maplebear on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Maplebear Inc. (CART) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Jefferies Lifts Maplebear (CART) PT to $50 on Grocery GTV Growth
On Tuesday, Jefferies raised its price target on Maplebear Inc. (NASDAQ:CART) to $50 from $48, while maintaining a Hold rating on the shares. This adjustment reflects Jefferies' analysis of Maplebear's grocery business, which indicates a path to meeting consensus gross transaction volume (GTV). The firm also sees potential for additional upside from contributions through its partnership with Uber Eats. A wide aisled grocery store stocked with natural and organic groceries and dietary supplements. Despite the positive trajectory of the grocery business, the Hold rating is maintained due to concerns about margin visibility. This caution stems from Maplebear's recent ramp-up in marketing efforts and affordability initiatives, as well as a slower-than-expected build-out of high-margin advertising revenue. In Q1 2025, Maplebear reported total revenue of $897 million, which was up 9% year-over-year, and an adjusted EBITDA of $244 million, which was up 23%. GTV reached $9.1 billion and marked a 10% year-over-year growth that was driven by a 14% increase in orders to 83.2 million. Maplebear Inc. (NASDAQ:CART) is also referred to as Instacart and provides online grocery shopping services to households in North America. While we acknowledge the potential of CART to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CART and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Jefferies Lifts Maplebear (CART) PT to $50 on Grocery GTV Growth
On Tuesday, Jefferies raised its price target on Maplebear Inc. (NASDAQ:CART) to $50 from $48, while maintaining a Hold rating on the shares. This adjustment reflects Jefferies' analysis of Maplebear's grocery business, which indicates a path to meeting consensus gross transaction volume (GTV). The firm also sees potential for additional upside from contributions through its partnership with Uber Eats. A wide aisled grocery store stocked with natural and organic groceries and dietary supplements. Despite the positive trajectory of the grocery business, the Hold rating is maintained due to concerns about margin visibility. This caution stems from Maplebear's recent ramp-up in marketing efforts and affordability initiatives, as well as a slower-than-expected build-out of high-margin advertising revenue. In Q1 2025, Maplebear reported total revenue of $897 million, which was up 9% year-over-year, and an adjusted EBITDA of $244 million, which was up 23%. GTV reached $9.1 billion and marked a 10% year-over-year growth that was driven by a 14% increase in orders to 83.2 million. Maplebear Inc. (NASDAQ:CART) is also referred to as Instacart and provides online grocery shopping services to households in North America. While we acknowledge the potential of CART to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CART and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
23-05-2025
- Automotive
- Yahoo
Has Advance Auto Parts (AAP) Outpaced Other Retail-Wholesale Stocks This Year?
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Advance Auto Parts (AAP) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question. Advance Auto Parts is one of 207 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Advance Auto Parts is currently sporting a Zacks Rank of #1 (Strong Buy). Over the past three months, the Zacks Consensus Estimate for AAP's full-year earnings has moved 1.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend. Based on the most recent data, AAP has returned 4% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 1.3% on average. This means that Advance Auto Parts is performing better than its sector in terms of year-to-date returns. One other Retail-Wholesale stock that has outperformed the sector so far this year is Maplebear (CART). The stock is up 13.5% year-to-date. Over the past three months, Maplebear's consensus EPS estimate for the current year has increased 6.7%. The stock currently has a Zacks Rank #2 (Buy). To break things down more, Advance Auto Parts belongs to the Automotive - Retail and Wholesale - Parts industry, a group that includes 7 individual companies and currently sits at #42 in the Zacks Industry Rank. Stocks in this group have gained about 12.4% so far this year, so AAP is slightly underperforming its industry this group in terms of year-to-date returns. In contrast, Maplebear falls under the Internet - Commerce industry. Currently, this industry has 37 stocks and is ranked #66. Since the beginning of the year, the industry has moved +1.4%. Advance Auto Parts and Maplebear could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report Maplebear Inc. (CART) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Times
01-05-2025
- Business
- Business Times
Instacart forecasts upbeat quarterly core profit on online grocery delivery demand
INSTACART forecast second-quarter core profit above Wall Street estimates on Thursday, betting on resilient demand for grocery and food on its delivery platform as more people shop online. Shares of the company, which also beat first-quarter core profit estimates, were up about 12 per cent in extended trading. The company, also known as Maplebear, has been attracting customers amid a highly competitive environment with its wide retailer and shopper partner network and options for customers to save on delivery fees through its Instacart+ membership. Instacart had also slashed its minimum order value for members to avail free delivery to US$10 from US$35 for all retailers except Costco earlier in March. It also offers delivery for non-members with a delivery fee starting at US$3.99. The company has been bolstering advertising on its platform, incorporating AI-powered features, including its new Universal Campaigns that help brands create one campaign with a single budget that optimises across multiple ad formats. Instacart expects core profit for its second quarter to be between US$240 million and US$250 million, above analysts' estimate of US$237.2 million, according to data compiled by LSEG. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The company expects gross transaction value, a key metric that shows the value of products sold based on prices shown on Instacart, to grow between US$8.85 billion and US$9.00 billion in the second quarter, the midpoint of which is slightly below analysts' expectations of US$8.94 billion. For the first quarter ended March 31, Instacart posted a core profit of US$244 million, beating estimates of US$229.4 million. Its advertisement revenues rose 14 per cent in the reported quarter after increasing 9 per cent in the year-ago quarter. Gross transaction value for the reported quarter was US$9.12 billion, almost in line with estimates of US$9.11 billion, while revenue rose 9 per cent to US$897 million, compared with analysts' expectations of US$898 million. REUTERS
