Maplebear Inc. (CART)
| Market Cap | 6.57B |
| Revenue (ttm) | 2.65B |
| Net Income (ttm) | -1.61B |
| Shares Out | 280.09M |
| EPS (ttm) | 0.58 |
| PE Ratio | 40.47 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,207,264 |
| Open | 23.77 |
| Previous Close | 23.84 |
| Day's Range | 23.38 - 24.39 |
| 52-Week Range | 23.02 - 42.95 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 36.00 (+53.39%) |
| Earnings Date | Feb 25, 2024 |
About CART
Maplebear Inc., doing business as Instacart, provides online grocery shopping services to households in North America. It sells and delivers 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 and website. It also 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 13 analysts, the average rating for CART stock is "Buy." The 12-month stock price forecast is $36.0, which is an increase of 53.39% from the latest price.
News
Fairway Market Launches 30-Minute Delivery Service Powered by Instacart
"Fairway Now" makes last-minute shopping easy, with store-to-door delivery of groceries and essentials in a as fast as 30-minutes through Instacart's fast fulfillment solutions SAN FRANCISCO and KEASB...
INSTACART DRIVES OVER 231,000 GROCERY RETAIL JOBS, MORE THAN $15 BILLION IN SHOPPER EARNINGS, NEW ECONOMIC REPORT SHOWS
First ever Instacart Economic Report quantifies impact for retailers, brands, shoppers, and customers across N. America SAN FRANCISCO , Dec. 14, 2023 /PRNewswire/ -- Instacart (NASDAQ: CART), the lead...
Instacart Partners With Sharebite to Target Corporate Food Spend
Instacart is targeting employers' office snack budgets, as aggregators compete for businesses' food spending. On Tuesday (Dec. 12), meal benefits platform Sharebite announced a partnership with the gr...
Instacart, Partnership for a Healthier America, Building Bridges Across the River, and Martha's Table Launch New Program to help Washington, DC Families Access More Fruits and Vegetables
Instacart Health technology connects 500 DC families in need with free grocery delivery and monthly funds to spend on fresh produce WASHINGTON , Dec. 5, 2023 /PRNewswire/ -- Instacart (Nasdaq: CART),...
Instacart's stock is on track for its lowest close since its September IPO
The stock of grocery-delivery app Instacart, which trades as Maplebear Inc. CART, -4.19%, is down 4.3% Thursday to put it on track for its lowest close since its initial public offering in September, ...
Instacart Unlocks Alcohol Delivery in New Jersey For the First Time Ever
Instacart partners with Wegmans and all independently owned Wegmans Wine, Liquor & Beer locations to offer alcohol delivery across New Jersey in as fast as an hour – just in time for the holidays SAN ...
Instacart's stock languishes below its IPO price two months after debut
Instacart is the only stock of four recent initial public offerings that is still languishing below its issue price some two months after its debut.
Instacart partners with Peacock to offer streaming content to US subscribers
Instacart said on Wednesday it had partnered with NBCUniversal's Peacock to provide the streaming service at no extra cost to all paying U.S. subscribers of the grocery delivery firm.
INSTACART ADDS PEACOCK AS FIRST-EVER STREAMING PARTNER
Peacock Partnership Brings Instacart+ Membership 80,000+ Hours of Content, in addition to Free Delivery, 5% Credit Back on Eligible Pickup Orders, Reduced Fees, and More Instacart to be Featured in Cu...
JD Sports and Finish Line Partner With Instacart to Power Same-Day Delivery Across North America
Partnership marks one of the first sports-fashion retailers to offer delivery of popular footwear and apparel brands in as fast as an hour via Instacart SAN FRANCISCO and INDIANAPOLIS , Nov. 28, 2023 ...
Instacart CFO to Participate in Fireside Chat Hosted by Barclays
SAN FRANCISCO , Nov. 21, 2023 /PRNewswire/ -- Maplebear Inc. dba Instacart (NASDAQ: CART) today announced that Nick Giovanni, CFO, will participate in a fireside chat at the Barclays Global Technology...
IPO pipeline welcomes some profitable companies, raising hopes for a rebound
The U.S. initial public offering calendar is empty this holiday-shortened week, but some recent additions to the pipeline suggest December could be livelier and welcome deals from some profitable, dec...
KIEHL'S PARTNERS WITH INSTACART FOR SAME-DAY SKIN AND HAIR CARE DELIVERY
Just in time for the holidays, customers nationwide can now get Kiehl's products delivered in as fast as an hour by Instacart NEW YORK and SAN FRANCISCO , Nov. 16, 2023 /PRNewswire/ -- Kiehl's, the fi...
Instacart Reimagines the Sell Sheet to Better Serve Retailers and Help Emerging Brands Grow
CPG brands Chomps, Liquid Death, and Poppi are among the first to leverage the new offering Brand Explorer and sell sheets are now available in Instacart's self-service platforms SAN FRANCISCO , Nov. ...
Instacart Spotlights Stress-Free Holiday Celebrations with New Brand Campaign
Don't Panic, Just Instacart: 'Tis the Season to Tap Into "The Holiday Rescue App" Seven-Week Integrated Campaign Includes Nationwide Sweepstakes for 52 Lucky Instacart Shoppers to Win Free Groceries f...
What Klaviyo, Instacart and Arm Earnings Mean for the IPO Market?
The most highly anticipated tech IPOs have struggled following their red-hot starts. What does that mean for the IPO market going forward?
Instacart Leverages Scale to Buck Competition From Grocers' Direct Platforms
As retailers and third-party players alike compete for consumers' online grocery spending, Instacart maintains that its scale protects it from facing too much competition from even larger grocers' in-...
I assume Instacart will maintain market share of online grocery, says NYU's Aswath Damodaran
Aswath Damodaran, NYU Stern School of Business professor, and CNBC's Bob Pisani join 'The Exchange' to discuss the health of the IPO market, Instacart's valuation, and more.
Arm, Instacart and Klaviyo's earnings are another reason for IPO buyers' remorse
First their initial public offerings fizzled in the days following their debuts. Now their earnings have disappointed.
Instacart Drives 25% Increase in Loyalty Member Purchases With Rewards
Instacart is integrating with merchants' loyalty programs to outcompete rival aggregators on deals and discounts. The San Francisco-based grocery aggregator shared in a letter to shareholders Wednes...
Instacart reports a $2 billion loss, but sales that beat expectations
Grocery-delivery platform Instacart on Wednesday reported a nearly $2 billion loss in its first earnings report since going public, but its sales beat expectations and the company forecast “mid-single...
Instacart sees upbeat core profit on higher transaction, ad fees
Instacart on Wednesday forecast fourth-quarter core profit above Wall Street estimates in its first earnings report since going public in September, powered by higher transaction and advertisement fee...
Instacart Announces Third Quarter 2023 Financial Results
SAN FRANCISCO , Nov. 8, 2023 /PRNewswire/ -- Maplebear Inc. dba Instacart (NASDAQ: CART) today released financial results for its third quarter ended September 30, 2023. These financial results are av...
Earnings Exchange: Disney, Affirm & more
Lee Munson, Portfolio Wealth Advisors president and CIO, joins 'The Exchange' to discuss Disney, Affirm, and more.
Sprouts Farmers Market Partners with Instacart's FoodStorm to Enhance Holiday Catering Services
Sprouts and Instacart's FoodStorm team up for seamless holiday food ordering and pickup nationwide Sprouts is now accepting 2023 pre-orders for the holiday season at all stores SAN FRANCISCO , Nov. 7,...