Why These 15 Retail Stocks Are Skyrocketing So Far In 2025

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9. Maplebear Inc (NASDAQ:CART)

Number of Hedge Fund Holders In Q3 2024: 55

Maplebear Inc (NASDAQ:CART) operates as Instacart. The company provides online grocery delivery services.

The stock has delivered solid gains so far this year as the e-commerce sector has gained a lot of confidence. Q3 2024 earnings beat analyst expectations with $0.45 in EPS vs. a $20.86 loss in Q3 2023. Revenue grew 11.5% year-over-year to $852 million and also beat estimates.

Maplebear has $1.31 billion in cash reserves and no debt, plus management expects the growth to continue, with 8 to 10% growth in gross transaction value. The online grocery market is still pretty underpenetrated, so there’s a lot of room for growth.

The consensus price target of $48.96 implies 0.51% downside.

CART stock is up 18.81% year-to-date.

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