Streetbeat News

CART

Instacart (Maplebear Inc.)

https://www.instacart.com

Industry

Specialty Retail

Maplebear Inc., doing business as Instacart, provides online grocery shopping services to households in North America. The company connects the consumer with a personal shopper to shop and deliver a range of products, such as food, alcohol, consumer health, pet care, ready-made meals, and others. The company offers its services through a mobile application or website. The company was incorporated in 2012 and is based in San Francisco, California.

Open

42.86

Mkt cap

11B

Volume

6.6M

High

42.93

P/E Ratio

-7.55

52-wk high

50.01

Low

40.88

Div yield

N/A

52-wk low

22.13

Instacart, known as Maplebear Inc. (NASDAQ: CART), is the world's largest online grocery marketplace, with a network of over 80,000 stores. It has evolved beyond being just a food delivery app, similar to DoorDash (NASDAQ: DASH) and Uber Eats (owned by Uber Technologies Inc., NYSE: UBER).

Portfolio Pulse from

November 19, 2024 | 12:45 pm

Instacart's Q3 results exceeded expectations with significant growth in GTV and adjusted EBITDA. Despite a post-earnings dip, the company's strong fundamentals and conservative Q4 guidance suggest potential for future outperformance.

Portfolio Pulse from

November 14, 2024 | 4:15 am

Instacart's parent company, Maplebear (CART), saw its stock decline after issuing a soft Q4 outlook. The company cited an internet outage affecting one of its partners as a contributing factor.

Portfolio Pulse from

November 13, 2024 | 5:15 pm

Instacart has rolled out its AI-powered Caper Carts to all Geissler's Supermarkets locations in Connecticut and Massachusetts. Geissler's is the first grocer to replace most of its traditional carts with these smart carts.

Portfolio Pulse from

November 13, 2024 | 2:15 pm

Maplebear Inc. (NASDAQ:CART), also known as Instacart, held its Q3 2024 earnings call on November 12, 2024. Key participants included executives from Instacart and analysts from major financial institutions.

Portfolio Pulse from

November 13, 2024 | 1:45 am

Maplebear (CART) released its Q3 earnings, providing insights into its performance for the quarter ending September 2024. The report suggests comparing key metrics against Wall Street estimates and previous year figures.

Portfolio Pulse from

November 13, 2024 | 12:15 am

Instacart reported a 12% increase in sales, but its weak outlook for the end of the year has raised concerns among investors about cooling demand, leading to a decline in its stock price.

Portfolio Pulse from

November 12, 2024 | 10:00 pm

Instacart has released its financial results for the third quarter of 2024, which ended on September 30, 2024. The details are available in the company's Shareholder Letter on their Investor Relations website.

Portfolio Pulse from

November 12, 2024 | 9:15 pm

Instacart is partnering with Coles Supermarkets to introduce AI-powered smart trolleys, known as Caper Carts, in Australia. This marks Instacart's first retail partnership in the Asia Pacific region.

Portfolio Pulse from

November 12, 2024 | 1:15 pm

Maplebear (CART) has been upgraded to a Zacks Rank #2 (Buy), indicating positive sentiment about its earnings prospects, which could lead to a stock price increase.

Portfolio Pulse from

November 07, 2024 | 6:15 pm

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