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

Sally Beauty and Instacart have announced a nationwide partnership to offer same-day delivery of over 7,000 products from 2,200 Sally Beauty stores. Deliveries can be made in as fast as an hour.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 1:01 pm

Instacart and YouTube have announced a collaboration to make video ads shoppable, allowing consumers to purchase products directly from YouTube ads. This partnership represents a new extension of off-platform partnerships for both companies.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:00 am

Rite Aid has expanded its partnership with Instacart to offer EBT SNAP online payment options at over 1,400 Rite Aid and Bartell Drugs locations nationwide. This move aims to provide greater access to groceries and pantry essentials for eligible customers, enhancing convenience and well-being.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:04 pm

Maplebear (NASDAQ:CART) shares surged by 8.2% to $33.50 after the company announced a $500 million share repurchase program. This follows the completion of a previous $1 billion buyback. The new program has no expiration date and can be terminated or suspended at any time.

Portfolio Pulse from Henry Khederian

June 06, 2024 | 3:02 pm

U.S. stocks saw slight gains on Thursday, with the Dow Jones index up 0.1%. The J. M. Smucker Company (SJM) reported mixed earnings, leading to a 6.2% rise in its stock. Other notable gainers included Latam Logistic Properties (LPA), Replimune Group (REPL), SecureWorks (SCWX), Smartsheet (SMAR), Xponential Fitness (XPOF), Pharming Group (PHAR), Halozyme Therapeutics (HALO), The Toro Company (TTC), United Natural Foods (UNFI), Maplebear (CART), Semtech (SMTC), iRhythm Technologies (IRTC), Robinhood Markets (HOOD), Lyft (LYFT), Illumina (ILMN), Ciena Corporation (CIEN), and Lululemon Athletica (LULU).

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 2:44 pm

Maplebear shares are trading higher after the company approved a $500 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:10 pm

Maplebear Inc. has approved a $500 million share repurchase program, indicating confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:06 pm

Gordon Haskett analyst Robert Mollins has upgraded Maplebear (NASDAQ:CART) from Hold to Buy and raised the price target from $37 to $45.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:33 pm

Gordon Haskett analyst Robert Mollins has upgraded Maplebear (NASDAQ:CART) from Hold to Buy and set a price target of $45.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 9:56 am

Costco Wholesale Corporation (NASDAQ:COST) reported strong fiscal third quarter earnings, with revenue growing 9% YoY to $58.52 billion and e-commerce sales surging 20.7%. The company emphasized its value proposition, digital sales growth, and expanded partnership with Uber Technologies Inc (NYSE:UBER). Costco's strategy of lowering prices has helped it gain market share in a challenging retail environment. The company is also expanding its store footprint and has delayed raising membership prices to retain its growing member base.

Portfolio Pulse from Upwallstreet

June 04, 2024 | 2:32 pm

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