Maplebear Inc. (CART)
| Market Cap | 11.90B |
| Revenue (ttm) | 3.30B |
| Net Income (ttm) | 435.00M |
| Shares Out | 256.89M |
| EPS (ttm) | 1.53 |
| PE Ratio | 30.19 |
| Forward PE | 30.15 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,579,954 |
| Open | 47.13 |
| Previous Close | 46.58 |
| Day's Range | 45.90 - 47.35 |
| 52-Week Range | 23.59 - 50.01 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 48.90 (+5.57%) |
| 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 $48.9, which is an increase of 5.57% from the latest price.
News
The Big 3: CART, LMND, ROKU
It's a bullish-leaning Big 3 with @ProsperTradingAcademy's Mike Shorr offering example options trades in Maplebear (CART), Lemonade (LMND) and Roku Inc. (ROKU). Rick Ducat dives into the technical tre...
Instacart and Uber file appeal in driver deactivation lawsuit against City of Seattle
Instacart and Uber aren't letting up in their fight against a new law in Seattle.
Options Trades in CART and DASH
Needham delivers Instacart (CART) an upgrade to begin the week. The firm raised CART to a Buy rating and announced a $56 price target.
Instacart Partners with Leading POS Providers to Accelerate Caper Cart Adoption
DUMAC and TRUNO help unlock AI-powered smart carts for grocers of all sizes across North America SAN FRANCISCO , Jan. 13, 2025 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology ...
Dow Jones drops, S&P flat on Fed uncertainty; Maplebear Rallies, Exxon and Shell slump
US equity benchmarks were mixed on Wednesday as stronger than expected employment data raised concerns over future pace of rate cuts by the Federal Reserve. At the time of writing, the Dow Jones Indu...
Instacart Is Joining the S&P MidCap 400. Its Stock Is Rising.
Shares of Instacart rose Wednesday on the news that the food-delivery stock will join a new index.
Ulta Beauty Teams Up with Instacart to Deliver Beauty in a Flash Nationwide
Beauty meets convenience with largest specialty U.S. beauty retailer now available on Instacart for delivery in as fast as an hour from more than 1,400 stores SAN FRANCISCO and BOLINGBROOK, Ill. , Jan...
Cut+Dry and Instacart Announce New Partnership to Boost Ad Reach in Foodservice
New collaboration gives brands one of the largest advertising platforms for grocery and foodservice SAN FRANCISCO , Jan. 6, 2025 /PRNewswire/ -- Cut+Dry, one of the leading e-commerce and advertising ...
Pet Valu: Instacart Collaboration Could Be A Game-Changer
Pet Valu's recent collaboration with Instacart could significantly enhance its competitive position against retail giants like Walmart and Loblaw. While sales growth continues to be anemic, Pet Valu's...
Instacart joins Uber in lawsuit against Seattle over driver deactivation law
Instacart is joining Uber in an attempt to block a new ordinance in Seattle that regulates how companies can deactivate workers who deliver food, shop for groceries, and complete other tasks via on-de...
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.