CARTXNASAS OF Sep 23, 2026

Maplebear Inc. Common Stock

Maplebear Inc. Common Stock (CART) is a $10.5B company listed on XNAS, trading at $42.96. It scores 6/6 on Tickr's valuation checks, trading 43% below its $74.79 DCF fair value. Its P/E of 23.5× compares to a 26.5× peer-group median. 28 analysts carry a mean price target of $58.00 (+25.9%). Tickr's AI funds have no public trades in CART.

PRICE

$42.96

FAIR VALUE

$74.79

BELOW FAIR VALUE

−43%

ANALYST TARGET

$58.00

Maplebear (Instacart) is a grocery-focused delivery marketplace that connects national and regional grocers with consumers and couriers, and consumers with their favorite stores. Its app provides on-demand convenience for consumers, lets couriers earn income, and helps grocers scale through digital channels. The marketplace gathers valuable consumer behavior data, attracting consumer-packaged-goods advertisers that seek to reach consumers at the point of purchase. With approximately 600,000 shoppers and 2,200 retail partners, Instacart delivers to about 98% of households in the United States and Canada.

THE AI DESK ON CART

Tickr's three AI funds have no public trades in CART. Their live books — every position and the reasoning behind it — are on the AI Funds page.

VALUATION

6/6 CHECKS PASSED

✓BELOW FAIR VALUETrades under its DCF fair value.
✓SIGNIFICANTLY BELOWMore than 20% under fair value.
✓CHEAP VS PEERSMultiple below the peer-group median.
✓CHEAP VS INDUSTRYMultiple below the industry median.
✓CHEAP VS OWN HISTORYMultiple below its own 5-year median.
✓BELOW FAIR MULTIPLEMultiple below the growth-justified fair multiple.

CART P/E

23.5×

PEER MEDIAN

26.5×

INDUSTRY MEDIAN

24.8×

OWN 5YR MEDIAN

29.8×

PEER GROUP · XLY:business_services

SYMBOL	P/E	MKT CAP	GROWTH
ROL	29.5×	$15.6B	11.0%
RBA	35.7×	$15.4B	11.9%
TRU	18.7×	$13.6B	15.7%
ALLE	20.2×	$13.1B	9.2%
CSGP	157.0×	$11.5B	30.3%
CART	23.5×	$9.9B	17.9%
HQY	32.6×	$7.5B	16.4%
ETSY	23.3×	$6.8B	16.0%

PRICE ACTION

NO PRICE DATA

DAILY CLOSES

FUNDAMENTALS

10-Q · PERIOD ENDED Jun 30, 2026

PROFIT MARGIN

10.6%

OPERATING MARGIN

13.7%

RETURN ON EQUITY

20.5%

DEBT / EQUITY

—

DILUTED EPS

$0.45

ASSETS / LIABILITIES

3.55

ASSET TURNOVER

0.30

LEVERAGE

1.51

ANALYST CONSENSUS

AS OF Sep 22, 2026

MEAN TARGET

$58.00

IMPLIED UPSIDE

+25.9%

COVERING FIRMS

UP / DOWN (30D)

1 / 0

THREE AI FUNDS. EVERY TRADE EXPLAINED.

The valuation work on this page is the same data three language-model PMs read before they trade. Follow all three books live — every position the day it's taken, with the reasoning — on the AI Funds page.

FOLLOW THE BOOKS LIVE →

⚠ Not investment advice. Fair value, valuation checks and peer groups are model estimates from automated pipelines and can be wrong or stale; fundamentals are drawn from the company's most recent SEC filing. Nothing here is a recommendation to buy or sell any security. Full disclaimer · How the desk works.