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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.

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Piper Sandler analyst Thomas Champion maintains an Overweight rating on Maplebear (NASDAQ:CART) and raises the price target from $47 to $50.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:36 am

Needham analyst Bernie McTernan has reiterated a Hold rating on Maplebear (NASDAQ:CART).

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:20 am

Maplebear Inc (NASDAQ:CART) reported better-than-expected Q2 earnings, with revenue of $823 million and EPS of 20 cents, surpassing estimates. The company also issued strong guidance for Q3, leading to an 8.59% increase in after-hours trading.

Portfolio Pulse from Adam Eckert

August 06, 2024 | 9:28 pm

Maplebear shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 adjusted EBITDA guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:53 pm

Instacart (Maplebear) projects Q3 Gross Transaction Value of $8.10B-$8.25B and Q3 Adjusted EBITDA of $205M-$215M, surpassing the estimated $202.7M.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:36 pm

Maplebear (NASDAQ:CART) reported Q2 2024 GAAP EPS of $0.20, beating the estimate of $0.13 by 53.85%. Sales were $823.00M, surpassing the $806.57M estimate and showing a 14.94% increase from last year's $716.00M.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:34 pm

Walgreens and Instacart have announced that they will now accept SNAP/EBT payments nationwide at over 7,500 Walgreens stores, including 100+ Duane Reade locations, for same-day delivery of SNAP-eligible products.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:26 pm

Instacart (NASDAQ:CART) and ALDI SOUTH Group are expanding their partnership globally. Instacart's Connected Stores technologies will be rolled out across ALDI SOUTH Group stores in the U.S., and Caper Carts will be tested in Austria.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:18 pm

Uber's CEO highlighted the positive impact of their partnership with Instacart, noting higher basket sizes and significant growth potential with market penetration in top 10 markets being less than 20%. Incentives and subsidies are expected to stabilize.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:48 pm

The Nasdaq Composite surged 2.64% to 17,599.40 on Wednesday. Notable insider sales were observed in Franklin Electric, Buckle, NVIDIA, and Maplebear. Insider sales can indicate various factors, including concerns about company prospects or stock overvaluation.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 5:27 pm

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