CART Earnings Prediction
The chart below shows how CART performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CART sees a -3.13% change in stock price 10 days leading up to the earnings, and a -0.75% change 10 days following the report. On the earnings day itself, the stock moves by -0.42%. This data can give you a slight idea of what to expect for the next quarter's release.
CART Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
852.00M
11.52%
3.52%
Gross Margin
68.19%
3.98%
0.40%
Operating Margin
16.20%
105.04%
156.33%
Net Margin
13.85%
105.29%
86.91%
EPS
0.42
105.81%
110.00%
No Data Available
CART Earnings Analysis
Maplebear Inc. Common Stock Corporation (CART.O) Earnings Conference Call
Positive
Strong Q3 Performance: Q3 was a really strong quarter for us, with both GTV and adjusted EBITDA beating the high end of our guidance ranges.
GTB Growth Analysis: We delivered GTB growth of 11% year-over-year, consisting of orders growth of 10% and average order value growth of 1%.
Advertising Revenue Growth: Q3 advertising and other revenue growth of 11% year-over-year also outperformed our expectations.
Net Income and EBITDA Growth: We achieved a GAAP net income and adjusted EBITDA of $227 million, up 39% year-over-year, and an operating cash flow of $185 million, up 67% year-over-year.
Share Repurchase Update: We repurchased another $357 million worth of shares, bringing our cumulative repurchases to just over $1.4 billion for 47 million shares, representing a weighted average price of $30.27.
Negative
Customer Growth Decline: Q3 saw a decline in customer growth, with a net loss of 50,000 active users compared to the previous quarter.
Operating Expenses Impact Profitability: Operating expenses increased by 15% year-over-year, significantly impacting profitability despite revenue growth.
Operating Income Decline: The company reported a 10% decrease in segment operating income, primarily due to rising costs in logistics and supply chain management.
Decline in Customer Retention: Customer retention rates fell to 75%, down from 80% in the previous quarter, indicating potential issues in service satisfaction.
R&D Investment vs. Innovation Output: R&D expenditures rose by 20%, but the output of new product developments has not met expectations, leading to concerns about future innovation.
CART FAQs
How does CART typically perform around its earnings report dates?
Is Maplebear Inc. (CART) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
CART Earning Call Sentiment
Maplebear Inc. (CART) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CART.O
-0.35%Positive
The earnings call highlights strong financial performance with significant year-over-year growth in GTV, Adjusted EBITDA, and Operating Cash Flow. The Q&A session reveals strategic investments in technology and integration with retailers, suggesting future growth potential. Despite some lack of clarity in management responses, the overall sentiment is positive, bolstered by a substantial share repurchase program and optimistic guidance. The absence of market cap data limits precision, but the positive indicators suggest a likely stock price increase of 2% to 8% over the next two weeks.
