Maplebear Set to Join S&P MidCap 400; Enovis to Join S&P SmallCap 600

Rhea-AI Summary

Maplebear (NASD: CART) will join the S&P MidCap 400 and Enovis (NYSE: ENOV) will join the S&P SmallCap 600 effective before trading on January 14, 2025. CONSOL Energy is acquiring Arch Resources and will be renamed Core Natural Resources with ticker CNR upon closing.

The table of index changes lists additions and deletions for the two indices and the effective date of January 14, 2025.

AI-generated analysis. Not financial advice.

Positive

• Index inclusion for Maplebear in S&P MidCap 400 effective January 14, 2025
• Index inclusion for Enovis in S&P SmallCap 600 effective January 14, 2025
• Acquisition completes rebranding: CONSOL to Core Natural Resources with ticker CNR

Negative

• Arch Resources removed from S&P SmallCap 600 effective January 14, 2025
• Enovis removed from S&P MidCap 400, a potential index-transition impact

Key Figures

2025 GTV: $37.224 billion 2025 Revenue: $3.742 billion 2025 GAAP Net Income: $447 million +5 more

8 metrics

2025 GTV $37.224 billion Gross transaction value for 2025, up 11%

2025 Revenue $3.742 billion Revenue for 2025, up 11%

2025 GAAP Net Income $447 million GAAP net income for 2025, down 2%

2025 Adjusted EBITDA $1.087 billion Adjusted EBITDA for 2025, up 23%

Accumulated Deficit $4.5 billion Accumulated deficit as of December 31, 2025

Public Float $6.9 billion Public float value as of June 30, 2025

GTV Growth Rate 11% Year-over-year GTV growth in 2025

Revenue Growth Rate 11% Year-over-year revenue growth in 2025

Market Reality Check

Price: $41.19 Vol: Volume 4,137,073 is 1.12x...

normal vol

$41.19 Last Close

Volume Volume 4,137,073 is 1.12x the 20-day average of 3,705,085 shares. normal

Technical Price 39.98 is trading below the 200-day MA at 41.67 and 25.27% under the 52-week high.

Peers on Argus

CART gained 1.86% while peers showed mixed moves: W +3.2%, EBAY +2.65%, JD +0.84...

CART gained 1.86% while peers showed mixed moves: W +3.2%, EBAY +2.65%, JD +0.84%, DASH +6.08%, CHWY -0.43%. No momentum scanner flags for peers, suggesting this index change is stock‑specific rather than a broad internet retail move.

Historical Context

5 past events · Latest: Apr 09 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 09	Earnings date notice	Neutral	-2.7%	Announcement of date and time for Q1 2026 results call.
Mar 30	Retail partnership	Positive	+4.1%	ALDI U.S. nationwide digital upgrade with Instacart as exclusive fulfillment partner.
Mar 12	Retail partnership	Positive	+2.3%	Fareway partnership to enhance e‑commerce and add products to Instacart Marketplace.
Feb 24	Conference appearance	Neutral	+0.7%	CEO participation in Morgan Stanley TMT Conference fireside chat.
Feb 12	Earnings release	Neutral	+9.2%	Release of Q4 and full-year 2025 results and shift to annual shareholder letter.

Pattern Detected

Recent partnership and earnings headlines have generally seen positive price reactions, including moves of 4.12%, 2.25%, and 9.21%, indicating the stock has often responded constructively to operational and financial updates.

Recent Company History

Over the last several months, CART’s news flow has centered on operational growth and investor communications. Partnerships such as ALDI U.S. and Fareway drove positive reactions of 4.12% and 2.25%, while the Q4 and full-year 2025 results announcement coincided with a 9.21% gain. Neutral items like conference participation and an earnings-date notice saw smaller moves. Against this backdrop, today’s index inclusion reflects an additional milestone distinct from partnerships and earnings.

Market Pulse Summary

This announcement highlights CART’s promotion to the S&P MidCap 400, a shift that may influence how ...

Analysis

This announcement highlights CART’s promotion to the S&P MidCap 400, a shift that may influence how index-linked investors access the stock. Recent filings show 2025 GTV of $37.224 billion and revenue of $3.742 billion, both up 11%, alongside Adjusted EBITDA of $1.087 billion and an accumulated deficit of $4.5 billion. Investors may watch upcoming earnings communications and any changes in ownership dynamics as the index change takes effect.

Key Terms

s&p midcap 400, s&p smallcap 600, gics sector, s&p 500, +1 more

5 terms

s&p midcap 400 financial

"Maplebear Inc. (NASD: CART) will replace Enovis Corp. (NYSE: ENOV) in the S&P MidCap 400"

The S&P MidCap 400 is a group of 400 companies that are smaller than the big, well-known corporations but larger than tiny startups. It helps investors see how medium-sized companies are performing in the stock market, acting like a barometer for this middle-sized group of businesses.

s&p smallcap 600 financial

"Enovis will replace Arch Resources Inc. (NYSE: ARCH) in the S&P SmallCap 600"

A stock market index made up of 600 small-cap U.S. companies chosen to represent the performance of smaller publicly traded firms. It matters to investors because it acts like a temperature gauge for the small-company segment of the market, serving as a benchmark for fund managers, a basis for index funds and ETFs, and a way to compare returns and risk when building a diversified portfolio.

gics sector financial

"Ticker | GICS Sector"

GICS sector is one of the major industry groupings from the Global Industry Classification Standard, a system that sorts companies into consistent categories (like Technology or Health Care) based on the primary business they do. Investors use these sectors like folders in a filing cabinet to compare companies, build diversified portfolios, and track how whole parts of the market are performing rather than focusing on single stocks.

s&p 500 financial

"home to iconic financial market indicators, such as the S&P 500® and the Dow Jones"

The S&P 500 is a broad stock market index that tracks the performance of 500 large U.S. companies, weighted so bigger firms have a larger impact. Investors use it like a thermometer or benchmark to judge how the overall U.S. stock market or a portfolio is doing; movements in the index influence investor sentiment, fund performance, and many passive investment products that aim to match its returns.

dow jones industrial average financial

"such as the S&P 500® and the Dow Jones Industrial Average®."

A stock market index that tracks the share prices of a small group of large, well-known companies to give a quick snapshot of how the broader market is doing. Think of it like a thermometer for the stock market: it uses a handful of heavyweight firms as representative samples to show whether investor sentiment is rising or falling, which helps investors gauge market trends and compare performance over time.

AI-generated analysis. Not financial advice.

NEW YORK, Jan. 7, 2025 /PRNewswire/ -- Maplebear Inc. (NASD: CART) will replace Enovis Corp. (NYSE: ENOV) in the S&P MidCap 400, and Enovis will replace Arch Resources Inc. (NYSE: ARCH) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, January 14. S&P SmallCap 600 constituent CONSOL Energy Inc. (NYSE: CEIX) is acquiring Arch Resources in a deal expected to be completed soon, pending final closing conditions. Following completion of the merger, CONSOL Energy will be renamed Core Natural Resources Inc., and its ticker will change to CNR.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
January 14, 2025	S&P MidCap 400	Addition	Maplebear	CART	Consumer Staples
January 14, 2025	S&P MidCap 400	Deletion	Enovis	ENOV	Health Care
January 14, 2025	S&P SmallCap 600	Addition	Enovis	ENOV	Health Care
January 14, 2025	S&P SmallCap 600	Deletion	Arch Resources	ARCH	Materials

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View original content:https://www.prnewswire.com/news-releases/maplebear-set-to-join-sp-midcap-400-enovis-to-join-sp-smallcap-600-302345055.html

SOURCE S&P Dow Jones Indices

FAQ

When will Core Natural Resources (CNR) ticker change take effect?

The ticker change to CNR will occur following completion of the merger. According to S&P Dow Jones Indices, CONSOL Energy will be renamed Core Natural Resources and adopt ticker CNR once the acquisition of Arch Resources closes.

What index changes affect CNR, Enovis (ENOV), and Maplebear (CART) on January 14, 2025?

On January 14, 2025, Maplebear joins the S&P MidCap 400 and Enovis joins the S&P SmallCap 600. According to S&P Dow Jones Indices, corresponding deletions are Enovis from MidCap 400 and Arch Resources from SmallCap 600.

Why is Arch Resources (ARCH) being removed from the S&P SmallCap 600?

Arch Resources is being removed because CONSOL Energy is acquiring Arch Resources. According to S&P Dow Jones Indices, the pending acquisition will lead to Arch's deletion and CONSOL's subsequent renaming to Core Natural Resources.

How will Enovis (ENOV) index move affect investors ahead of January 14, 2025?

Enovis will transfer from the S&P MidCap 400 to the S&P SmallCap 600 effective January 14, 2025. According to S&P Dow Jones Indices, this index reclassification may alter passive fund tracking and liquidity positioning for ENOV shares.

What official source confirms the January 14, 2025 index reconstitutions affecting CNR?

S&P Dow Jones Indices confirms the effective date and constituent changes for January 14, 2025. According to S&P Dow Jones Indices, the table of additions and deletions lists Maplebear, Enovis, and Arch Resources with the stated actions.