Provident Investment Management Fully Exits Maplebear Stake
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy CART?
Source: Fool
- Complete Exit: On February 4, 2026, Provident Investment Management liquidated its entire stake in Maplebear by selling 489,560 shares for approximately $18 million, indicating a complete exit and reflecting a pessimistic outlook on the company's future prospects.
- Significant Price Decline: As of February 3, 2026, Maplebear's stock was priced at $36.08, down 25% over the past year, significantly lagging the S&P 500 by 40.4 percentage points, highlighting the pressure it faces in a competitive market.
- Slowing Revenue Growth: The company's revenue growth rate has decreased from 19% in 2023 to 11% in 2024, further slowing to 10% in the first three quarters of 2025, indicating a diminished market appeal amid competition from Amazon and Kroger.
- Cautious Investor Sentiment: While Maplebear's net income grew by 18% over the trailing twelve months and it trades at a P/E ratio of 20 with a forward P/E around 9, investors may prefer more competitive delivery stocks like Kroger, Uber, and DoorDash, making Provident's decision to sell more understandable.
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Analyst Views on CART
Wall Street analysts forecast CART stock price to rise
22 Analyst Rating
13 Buy
8 Hold
1 Sell
Moderate Buy
Current: 33.240
Low
40.00
Averages
51.62
High
66.00
Current: 33.240
Low
40.00
Averages
51.62
High
66.00
About CART
Maplebear Inc., doing business as Instacart, is a grocery technology company in North America, works with grocers and retailers to transform how people shop. The Company partners with more than 1,800 national, regional, and local retail banners to facilitate online shopping, delivery and pickup services from more than 100,000 stores across North America on the Instacart Marketplace. The Instacart Platform offers retailers a suite of enterprise-grade technology products and services to power their e-commerce experiences, fulfill orders, digitize brick-and-mortar stores, provide advertising services, and glean insights. With Instacart Ads, thousands of consumer-packaged goods (CPG) brands - from category leaders to emerging brands - partner with the Company to connect directly with consumers online, right at the point of purchase. The Company, through its Instacart Health, provides tools to increase nutrition security and make healthy choices easier for consumers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- AI Execution Acceleration: Maplebear Inc is leveraging AI to boost average output per engineer by nearly 40% and accelerate new project development four times faster, a strategy that will significantly enhance operational efficiency and market competitiveness.
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See More
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- Delivery Outlook: Tri Pointe expects to deliver between 1,200 and 1,400 homes in Q4, demonstrating stable delivery capabilities in the current market environment, which enhances its attractiveness to investors.
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- Advertising Revenue Boost: The company's advertising and other revenue rose 10% to $294 million, reflecting a growing number of businesses leveraging its advertising tools to attract customers, thereby enhancing revenue diversification and market competitiveness.
- Optimistic Future Outlook: Instacart anticipates GTV growth of 11% to 13% in Q1, reaching approximately $10.2 billion, while adjusted EBITDA is projected to increase by 15% to 19% to around $285 million, showcasing the company's confidence in sustaining profitable growth.
- Strengthened Market Position: With its marketplace now encompassing 2,200 retail brands and nearly 100,000 store locations, and many orders delivered within 30 minutes, Instacart further solidifies its leadership in the rapidly growing food delivery market.
See More
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- Advertising Revenue Boost: The company's advertising and other revenue rose 10% to $294 million, indicating that more businesses are leveraging its advertising tools to attract customers, thereby enhancing the overall revenue structure.
- Optimistic Future Outlook: Management anticipates GTV growth of 11% to 13% in Q1, reaching approximately $10.2 billion, while adjusted EBITDA is projected to increase by 15% to 19% to around $285 million, reflecting confidence in future growth.
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See More
