Maplebear Inc. names new Chief Accounting Officer

SAN FRANCISCO - Maplebear Inc. (NASDAQ:CART), operating under the trade name 07 Trade & Services, has announced the appointment of Lisa Blackwood-Kapral as its new Chief Accounting Officer effective March 10, 2025. The transition comes after Alan Ramsay, the current Chief Accounting Officer, informed the company of his decision to resign on February 28, 2025. According to InvestingPro analysis, Maplebear maintains excellent financial health with a score of "GREAT," supported by strong liquidity metrics and minimal debt exposure.

Blackwood-Kapral, 57, brings a wealth of experience to Maplebear Inc., having previously served as Chief Accounting Officer at Lyft (NASDAQ:LYFT), Inc. since July 2019. Her tenure at Lyft also included a stint as Interim Chief Financial Officer and VP Finance. Prior to Lyft, she held the position of Vice President, Chief Accounting Officer at Shutterfly, LLC from 2015 to 2019.

In her new role, Blackwood-Kapral will receive a base salary of $425,000, a restricted stock unit award valued at approximately $3,000,000, and a sign-on bonus of $75,000, contingent on continued employment for one year. She will also participate in the company’s Severance and Change in Control Plan.

Ramsay’s resignation is not due to any disagreements with the company’s operations, policies, or practices. He will assist with the transition of his duties through March 14, 2025.

The company’s filing with the Securities and Exchange Commission on March 4, 2025, included forward-looking statements, cautioning that actual results may differ materially from those projected in these statements. Maplebear Inc. emphasized that these statements are based on current expectations and are subject to risks and uncertainties. For deeper insights into Maplebear’s financial health and growth prospects, investors can access comprehensive analysis and 12 additional ProTips through InvestingPro’s detailed research reports, available for over 1,400 US stocks.

This leadership change at Maplebear Inc. comes as the company continues to navigate the competitive business services landscape. The information in this article is based on the company’s recent SEC filing.

In other recent news, Instacart’s financial performance and strategic initiatives have garnered significant attention. The company reported mixed results for the fourth quarter, with Gross Transaction (JO:TCPJ) Value (GTV) surpassing expectations while EBITDA projections for the first quarter were lower than anticipated. Instacart’s advertising revenue grew by 10% year-over-year, aligning with GTV growth. Analysts from Bernstein maintained an Outperform rating with a $55 price target, citing the company’s investment in growth areas like restaurant delivery as promising. Cantor Fitzgerald also reiterated its $55 target, highlighting operational improvements and the stock’s risk/reward profile.

Stifel raised its price target to $57, emphasizing robust order growth as a key driver of GTV strength, despite challenges in the advertising sector. Meanwhile, BMO Capital Markets slightly increased its target to $49, noting the positive impact of strategic moves like lowering the no delivery fee threshold. Benchmark maintained a Hold rating, expressing concerns about Instacart’s affordability strategy and competitive pressures from rivals like DoorDash (NASDAQ:DASH) and Uber (NYSE:UBER) Eats. These developments reflect a cautious yet optimistic outlook among analysts regarding Instacart’s market position and growth trajectory.

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