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Today, Maplebear Inc., known for its business services under the trade name 07 Trade & Services, disclosed its financial outcomes for the fourth quarter and the full year that concluded on December 31, 2024. The San Francisco-based company, incorporated in Delaware, shared the information through a Shareholder Letter attached to a current report on Form 8-K filed with the Securities and Exchange Commission (SEC).
The company, which trades on the Nasdaq Global Select Market under the ticker CART, has not made its financial details public in the 8-K summary. However, the full Shareholder Letter, dated today, provides a comprehensive view of the company’s financial performance. The letter, as per the filing, is not to be considered "filed" for regulatory purposes, nor is it to be deemed incorporated by reference into any other filings, unless explicitly stated.
The financial results reflect Maplebear Inc.’s operations up to the end of the previous year, marking the company’s status and progress as of the most recent fiscal year-end. The firm’s business address and contact information were also confirmed in the filing, with its principal executive offices located at 50 Beale Street, Suite 600, San Francisco, California.
This report comes amid a regulatory environment where transparency and timely disclosure are of paramount importance to investors and the market. While the 8-K filing provides a formal channel for such disclosures, the Shareholder Letter serves as a direct communication from the company to its investors, offering insights into the company’s financial health and operational achievements. InvestingPro analysis reveals the company maintains an overall "GREAT" financial health score, with particularly strong metrics in cash flow and growth potential. For detailed insights and 12 additional ProTips about Maplebear’s performance, investors can access the comprehensive Pro Research Report available on InvestingPro.
Investors and stakeholders can refer to the Shareholder Letter for detailed financial statements and management’s discussion of the company’s performance. With the next earnings announcement scheduled for February 25, 2025, and a strong current ratio of 3.06 indicating robust liquidity, the company appears well-positioned financially. As the document is furnished and not filed, it carries a different legal weight concerning the liabilities under the SEC’s regulations.
This news is based on a press release statement, and the information has been presented without any analysis or subjective commentary to maintain an objective stance on Maplebear Inc.’s financial disclosure.
In other recent news, Instacart (NASDAQ:CART)’s upcoming financial report is attracting attention with analysts projecting Gross Transaction (JO:TCPJ) Value (GTV), revenue, and EBITDA figures of $8.64 billion, $886 million, and $239 million, respectively. These projections align closely with Wall Street’s expectations. Oppenheimer has raised its price target for Instacart to $65, maintaining an Outperform rating, driven by positive third-party data and an optimistic outlook on the company’s fourth-quarter earnings. Meanwhile, Seaport Global has initiated coverage with a Buy rating and a $62 price target, citing Instacart’s leadership in the online grocery market and potential for high-single-digit revenue growth over the long term.
Benchmark has maintained a Hold rating on Instacart, highlighting the company’s challenges with subscriber penetration and competitive pressures, despite positive online grocery sales trends. BofA Securities has adjusted its price target to $53, maintaining a Neutral stance, with expectations of modest outperformance in the fourth quarter due to a strong consumer base and successful partnerships. Bernstein analysts have also shown confidence in Instacart, raising the price target to $55 and maintaining an Outperform rating, citing improved EBITDA forecasts and effective expense management. These recent developments reflect varying degrees of optimism among analysts about Instacart’s financial health and growth prospects.
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