Maplebear Inc. (CART)
| Market Cap | 10.79B |
| Revenue (ttm) | 3.30B |
| Net Income (ttm) | 435.00M |
| Shares Out | 256.89M |
| EPS (ttm) | 1.53 |
| PE Ratio | 27.39 |
| Forward PE | 27.74 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,582,319 |
| Open | 41.64 |
| Previous Close | 42.07 |
| Day's Range | 41.64 - 42.73 |
| 52-Week Range | 22.13 - 50.01 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 48.40 (+15.18%) |
| Earnings Date | Feb 11, 2025 |
About CART
Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America. It sells and delivers grocery products, as well as pickup services through a mobile application and website. It also operates virtual convenience stores; and provides software-as-a-service solutions to retailers. The company was incorporated in 2012 and is based in San Francisco, California. [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 25 analysts, the average rating for CART stock is "Buy." The 12-month stock price forecast is $48.4, which is an increase of 15.18% from the latest price.
News
Pet Valu Expands Canadian Pawprint on Instacart
Devoted pet lovers across Canada can now get pet supplies delivered directly to their doorstep from Canada's leading pet retailer SAN FRANCISCO and MARKHAM, ON , Dec. 12, 2024 /PRNewswire/ -- Instacar...
CaringBridge and Instacart Partner to Deliver Community-Led Access to Groceries, Household Essentials, and Meals
BLOOMINGTON, Minn. and SAN FRANCISCO , Dec. 10, 2024 /PRNewswire/ -- CaringBridge, a nonprofit health platform, and Instacart (NASDAQ: CART), the leading grocery technology company in North America, h...
Medical Home Network, Instacart Partner to Address Food Insecurity
CHICAGO & SAN FRANCISCO--(BUSINESS WIRE)--Medical Home Network (MHN), which enables federally qualified health centers (FQHCs) nationwide to succeed in value-based care, today announced a collaboratio...
Instacart to face challenges in competition and third-party premiums, says Deutsche's Lee Horowitz
Lee Horowitz, Deutsche Bank co-head of internet equity research, joins CNBC's 'The Exchange' to discuss Deutsche's hold rating on Instacart despite shares surging this year.
Instacart CFO to Participate in Fireside Chat at Nasdaq Conference
SAN FRANCISCO , Dec. 3, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART) today announced that Emily Reuter, CFO, will participate in a fireside chat at the Nasdaq 51st London Investor Conference on Tuesd...
Instacart Becomes the First Online Grocery Platform to Launch a SNAP Eligibility Screener to Educate Consumers and Streamline Access to Benefits Nationwide
New tool designed to help reduce barriers to access, expands the SNAP resources available on Instacart SAN FRANCISCO , Nov. 21, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading online groc...
Molina Healthcare of Michigan Partners with Instacart to Address Food Insecurity for Expectant Moms
LANSING, Mich.--(BUSINESS WIRE)--Molina Healthcare of Michigan partners with Instacart to address food insecurity for expectant moms.
Diabetes Research Institute Foundation Partners with Instacart to Launch a Virtual Storefront to Support the Health and Well-Being of People Living with Diabetes
HOLLYWOOD, Fla.--(BUSINESS WIRE)--The Diabetes Research Institute Foundation (DRIF), an organization dedicated to developing and rapidly applying the most promising research to treat and cure people l...
Instacart: The Post-Earnings Dip Is A Great Time To Buy This Transformational Brand
Instacart's Q3 results exceeded expectations, with 11% y/y GTV growth and a 39% y/y surge in adjusted EBITDA, despite a post-earnings dip. The company's guidance for Q4 GTV growth is conservative; his...
Instacart Stock Hit on Soft Q4 Outlook
Shares of Instacart, trading under the name of its parent, Maplebear (CART), tumbled Wednesday, after the grocery delivery service issued soft guidance, noting that one of its partners was hit with an...
SPOT Soars, CART Crashes, SAVE Files for Bankruptcy
Investors focused more on the positives in Spotify's (SPOT) mixed earnings report, adding another 10% to an impressive year-to-date run for the stock. Instacart (CART) slipped in the opposite directio...
Instacart's Smart Carts Now Available in All Geissler's Locations
Customers can now use Caper Carts, Instacart's AI-powered smart carts, to shop at Geissler's Supermarkets across Connecticut and Massachusetts Geissler's Supermarkets is the first grocer to replace a ...
Maplebear Inc. (CART) Q3 2024 Earnings Call Transcript
Maplebear Inc. (NASDAQ:CART) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Rebecca Yoshiyama - Vice President, Investor Relations, Capital Markets and Security Fi...
Instacart CEO: Retailer Integrations Streamline Shopping, Drive Growth
Instacart's expansion of retailer integrations and the implementation of advanced technology have streamlined the shopping experience, providing convenience, savings and higher engagement, CEO Fidji S...
Instacart's weak outlook for the end of the year drags the stock lower
Instacart says sales are up 12%, but investors worry about weaker outlook and the prospect of cooling demand.
Instacart forecasts weak fourth-quarter on tepid consumer spend
Instacart on Tuesday forecast current-quarter key metrics below estimates, in signs that spending on online grocery and food deliveries on its platform could temper in the holiday season.
Instacart Announces Third Quarter 2024 Financial Results
SAN FRANCISCO , Nov. 12, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART) today released financial results for its third quarter ended September 30, 2024. These financial results are available within Ins...
CART's "Massive" Advantage Over Retail Giants
Maplebear (CART), Instacart's parent company, reports earnings after the closing bell. Pressure is on the stock after more than doubling year-to-date, but Andy Swan with @LikeFolio is impressed with i...
Instacart and Coles Supermarkets to Launch Smart Trolleys in Australia
Coles Supermarkets becomes the first retailer in the Asia Pacific region to deploy Caper Carts, Instacart's AI-powered smart trolleys SAN FRANCISCO and MELBOURNE, Australia , Nov. 12, 2024 /PRNewswire...
New Wave of Local and Independent Grocers Adopt Instacart Caper Carts
Bowman's Market, Maurer's Market IGA, Neiman's Family Market, Queen's Price Chopper and Soelberg's Market among new grocers implementing Instacart's AI-powered smart carts to enhance in-store shopping...
New Grocers Adopting Instacart's Carrot Tags Lead the Way in Elevating the In-Store Experience
ALDI, Gelson's, and Hornbacher's Among New Grocers Leveraging Carrot Tags SAN FRANCISCO , Nov. 7, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America...
Instacart Storefront Pro Empowers Grocers to Optimize Online Sales
Sprouts, Harmons, The Save Mart Companies, and Rosauers upgrade to Instacart's end-to-end e-commerce platform, joining more than 600 grocers boosting online growth SAN FRANCISCO , Nov. 6, 2024 /PRNews...
Your Party, Delivered: Party City Now Available on Instacart for Every Celebration
Customers can now get party supplies delivered directly to their doorsteps from the largest retailer of party goods in North America on Instacart SAN FRANCISCO and WOODCLIFF LAKE, N.J. , Oct. 28, 2024...
Instacart: Fairly Valued With Considerable Risks
Instacart's strong retailer relationships and customer data integration provide competitive advantages, but revenue growth is slowing, and margins are under pressure due to competition and rising cost...
Instacart Appoints Ex-Uber Executive Anirban Kundu as Chief Technology Officer
Instacart appointed former Uber executive Anirban Kundu as its new chief technology officer. In his new role, Kundu will lead Instacart's technical team “as we further expand our position as the groce...