Added to YB: 2025-11-14
Pitch date: 2025-11-12
CART [bullish]
Maplebear Inc.
+4.01%
current return
Author Info
No bio for this author
Company Info
Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.
Market Cap
$9.0B
Pitch Price
$39.44
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.55
P/E
23.35
EV/Sales
2.26
Sector
Consumer Staples Distribution and Retail
Category
value
Instacart ($CART): A Cash-Gushing Ad Platform Disguised as a Grocery App
CART: Dominant 70%+ share in large-basket grocery orders ($110+ AOV), 30% EBITDA margins driven by high-margin ads (25-30% of rev). Q3 rev +10% YoY to $939M, $140M net income, $300M quarterly OCF. Debt-free with $1.7B cash, $2.5B buyback authorized. Trading 8x EBITDA vs peers at 26-66x despite superior margins/FCF conversion.
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