Added to YB: 2025-11-14
Pitch date: 2025-11-12
CART [bullish]
Maplebear Inc.
+14%
current return
Author Info
No bio for this author
Company Info
Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.
Market Cap
$10.3B
Pitch Price
$39.44
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.47
P/E
21.61
EV/Sales
2.40
Sector
Consumer Staples Distribution and Retail
Category
value
Instacart ($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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