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Instacart is teaming up with Uber Technologies to bring delivery to its customers through Uber Eats.
Here is how Maplebear (CART) and Automatic Data Processing (ADP) have performed compared to their sector so far this year.
What a difference a week makes. The bulls took control today as the magnificent seven tech stocks rallied and all three of the major indices ended in the green amid an eventful earnings week.
SAN FRANCISCO , April 17, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART) today announced it will report its first quarter 2024 financial results after market close on Wednesday, May 8, 2024. The company's first quarter 2024 Shareholder Letter will be available on Instacart's Investor Relations website at https://investors.instacart.com.
I gave a buy rating due to expected GTV growth acceleration and potential for margin expansion. The company has seen significant growth, with GTV increasing by 590% in FY20, and is expected to continue growing. Ad revenue and a focus on profitability are expected to support future growth.
Instacart's Caper Carts use AI to identify items, their price and the weight of produce -- and allow shoppers to check out stress-free with a click on a touch screen.
The S&P 500 has shown remarkable strength in 2024, largely driven by the tech sector's robust performance, especially companies benefiting from the surging demand in artificial intelligence (AI). Despite ongoing concerns about inflation and the possibility of high interest rates, the index is up 10% year-to-date.
Instacart and Associated Wholesale Growers (AWG) have expanded their partnership to offer eCommerce and same-day delivery solutions to AWG's member retailers. This extended collaboration will simplify members' access to Instacart's grocery technology suite, including its artificial intelligence (AI)-powered smart carts called Caper Carts, the companies said in a Monday (March 25) press release.
Shares of Wall Street newbie Maplebear Inc (NASDAQ:CART), or Instacart, are 3.2% higher before the open following a bull note.
George Tsilis shares insights into the new collaborative effort to combat food insecurity in the U.S. by Instacart & Quest Diagnostics. #investing #trading #finance #stocks #global #equities #markets #stockmarket #stockmarkettoday