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Maplebear Inc. CART

Maplebear Inc. scores average on business quality (5.8 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$47.76Oct 10, 2026
Business qualityAverage
Next earningsNov 9, 2026, after the close
Insiders, 90 daysSelling

Why it matters

  1. What Maplebear Inc. does

    Maplebear Inc operates an online grocery marketplace connecting consumers with retail stores for delivery and pickup, making money through transaction fees and advertising. The company is currently expanding its delivery network via new retail partnerships like Dollar General.

  2. What it does best

    Maplebear excels at monetization efficiency, boasting a gross margin of 66.0% that towers over peers like Kroger at 23.1%. This high margin stems from a high-margin advertising engine built directly into its digital storefront.

  3. The main risk

    Gig worker pressure from higher gas costs threatens operations. As highlighted in recent headlines, labor squeeze risks driver availability and delivery reliability for its core retail partners.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Operating margins sit at 14.7% with a free cash flow margin in the top decile of its sector at 96th percentile. The business scales efficiently as digital ad revenue expands.

MoatFair

Its software ecosystem locks in consumers and grocery partners alike. A gross margin ranking in the top decile reflects a defensible digital network effect that rivals struggle to copy quickly.

GrowthFast

Revenue grew 10.8% to reach $3,993M, placing it in the 88th sector percentile for growth. This expansion is powered by its core delivery and expanding ad network.

Financial healthFair

Maplebear holds $687M in cash with no reported debt, supporting a free cash flow of $1,176M. The balance sheet is solid and cash generation is scaling quickly.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

2 sold $8.1M outside pre-planned sales.

Our sealed record on CART

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is CART a good business?

Maplebear Inc. scores average on the Cluenex quality check (5.8 of 10), measured against its own industry. Profitability is fair, moat fair, growth fast and financial health fair.

Are insiders buying CART?

In the last 90 days of SEC Form 4 filings: 2 sold $8.1M outside pre-planned sales.

When does CART report earnings?

Nov 9, 2026, after the close.

For members

See CART today

  • Today's verdict on CART, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Maplebear Inc. (CART)”, https://cluenex.com/stocks/cart/, data as of Oct 10, 2026.