Maplebear Inc. (CART)
| Market Cap | 11.31B |
| Revenue (ttm) | 3.21B |
| Net Income (ttm) | -1.46B |
| Shares Out | 257.10M |
| EPS (ttm) | -6.38 |
| PE Ratio | n/a |
| Forward PE | 41.10 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 3,913,133 |
| Open | 43.07 |
| Previous Close | 42.93 |
| Day's Range | 43.00 - 45.13 |
| 52-Week Range | 22.13 - 45.13 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 44.00 (+0.05%) |
| Earnings Date | Nov 12, 2024 |
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 24 analysts, the average rating for CART stock is "Buy." The 12-month stock price forecast is $44.0, which is an increase of 0.05% from the latest price.
News
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...
Instacart to Report Third Quarter 2024 Financial Results on November 12, 2024
SAN FRANCISCO , Oct. 15, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART) today announced it will report its third quarter 2024 financial results after market close on Tuesday, November 12, 2024. The com...
Instacart Expands Shoppable TV Partnership With Roku
Instacart says it is expanding its advertising partnership with streaming TV platform Roku. As the food delivery company noted in a news release Wednesday (Oct. 9), Roku and Instacart have been colla...
Instacart and Roku Expand Advertising Partnership with New Shoppable Formats and Targeting
SAN FRANCISCO , Oct. 9, 2024 /PRNewswire/ -- Together, Instacart (NASDAQ: CART) and Roku (NASDAQ: ROKU) are making TV moments shoppable for high-intent customers. In an expanded partnership, the leadi...
Instacart Is Revolutionizing Groceries: Why It's Time to Invest
It can be confusing, but Maplebear Inc. CART is better known as Instacart, the world's largest online grocery marketplace, and they also deliver groceries from over 85,000 stores to over 25 million pe...
Instacart Launches New Gamified Capabilities Maximizing In-Store Rewards and Savings on Caper Carts
New product lineup spans first-of-its-kind gamification, personalized offers, and advertising to give customers a more seamless shopping experience Select capabilities are rolling out in partnership w...
Family Dollar Teams up With Instacart to Accept SNAP/EBT Online
CHESAPEAKE, Va.--(BUSINESS WIRE)--Family Dollar has teamed up with Instacart (NASDAQ: CART), the leading grocery technology company in North America, to accept Supplemental Nutrition Assistance Progra...
FBN® Appoints Former Instacart Executive to Board of Directors
SAN CARLOS, Calif. & CHICAGO--(BUSINESS WIRE)--FBN®, the farmer-to-farmer network, and agriculture's leading marketplace for inputs, capital, marketing and sustainability services, today announced the...
9amHealth and Instacart Partner to Help Employers Expand Access to Healthy Foods, Improve Health Outcomes, and Reduce Care Costs
Companies report early success, with a 161% increase in member enrollment and a 57% boost in engagement in programs that offer grocery stipends through Instacart SAN DIEGO, Sept. 26, 2024 /PRNewswire/...
Top 3 Defensive Stocks You May Want To Dump In September
As of Sept. 19, 2024, three stocks in the consumer staples sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Food Baskets/Meal Kits Market Trends and Business Opportunities, Forecast to 2030 by Material, End-user, Sales Channel, Region and Country Featuring Purple Carrot, Good Eggs, FreshDirect, Instacart & More
Dublin, Sept. 19, 2024 (GLOBE NEWSWIRE) -- The "Global Food Basket Market (2024 Edition): Market Size, Trends, Opportunities and Forecast By Material, End-user, Sales Channel, Region, By Country: 2020...
Instacart: A High-Margin Layer To The $1.1 Trillion Grocery Industry
Instacart has positioned itself as a high-margin tech layer within the grocery ecosystem, offering B2B and B2C services with extensive market reach. CART boasts strong financials with zero debt, high ...
Thrive Market Announces New Retail Media Network Powered By Instacart
The healthy and sustainable online grocer taps Instacart's Carrot Ads solution to help brands connect with consumers throughout their shopping journey LOS ANGELES and SAN FRANCISCO , Sept. 10, 2024 /P...
Instacart CEO to Participate in Fireside Chat Hosted by Goldman Sachs
SAN FRANCISCO , Aug. 27, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART) today announced that Fidji Simo, CEO and Chair, will participate in a fireside chat at the Goldman Sachs Communacopia & Technolog...
Ibotta CEO on Q2 earnings, new partnership with Instacart
Bryan Leach, Ibotta CEO, joins 'Money Movers' to discuss Ibotta's quarterly earnings results, the deal with Instacart, and how interested the chief executive is in moving into different categories.
Instacart and Partnership for a Healthier America Connect Families with Over Five Million Servings of Fresh Produce in Under-Resourced Communities Nationwide and Announce New Good Food at Home Cities
Organizations also share Good Food at Home program impact results from more than 1,100 families served in Denver; Englewood, New Jersey; Milwaukee; and Washington, D.C. and announce expansion to more ...
Jim Cramer checks in on delivery app stocks after earnings
'Mad Money' host Jim Cramer looks at DoorDash, Uber, adn Instacart after earnings to get a better idea of the state of the consumer.
Instacart and Uber Are Booming. Why Gig Economy Stocks Could Be Recession-Proof.
Uber and Instacart are thriving, and even the threat of a U.S. recession might not be enough to stop them.
Instacart Is Proving Its Mass Appeal, Buy Here
Shares of Instacart rallied nearly 10% after reporting very strong Q2 results. In particular, revenue growth accelerated to 15% y/y (from 9% growth in Q1), in part driven by strong advertising results...
Instacart shares surge on strong grocery delivery demand and advertising growth
Shares of Instacart rose more than 10% in premarket trading on Wednesday as strong demand for grocery delivery and promising signs of growth in its advertising business helped the company forecast an ...
Maplebear Inc. (CART) Q2 2024 Earnings Call Transcript
Maplebear Inc. (NASDAQ:CART) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Rebecca Yoshiyama - VP, IR, Capital Markets and Treasury Fidji Simo - CEO Emily Reuter - V...
Instacart Expands Services, Partners With Uber Eats to Integrate Restaurant Orders
On Tuesday (Aug. 6), Instacart announced an expansion of its service portfolio as part of its strategy to solidify its position in the online grocery market. The company has forged a new partnership w...
Instacart shares are rallying on a forecast boosted by restaurant orders
Shares of Maplebear Inc. — the online grocery-delivery company better known as Instacart — jumped after the company forecast a key demand metric that was above Wall Street's expectations on Tuesday, a...
Instacart forecasts Q3 above estimates on higher fees, growing orders
Instacart forecast its third-quarter gross transaction value and core profit above Wall Street estimates on Tuesday, betting on higher transaction and advertisement fees and more orders on its online ...