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

Wedbush analyst Scott Devitt maintains a Neutral rating on Maplebear (NASDAQ:CART) and raises the price target from $35 to $38.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:13 pm

BMO Capital analyst Brian Pitz maintains a Market Perform rating on Maplebear (NASDAQ:CART) and raises the price target from $36 to $39.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 2:49 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 07, 2024 | 11:54 am

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

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