CART Stock Recent News

Maplebear (CART) stock provides excellent short-term price appreciation potential with strong earnings estimate revisions.

Bryan Leach, Ibotta CEO, joins 'Money Movers' to discuss Ibotta's quarterly earnings results, the deal with Instacart, and how interested the chief executive is in moving into different categories.

Organizations also share Good Food at Home program impact results from more than 1,100 families served in Denver; Englewood, New Jersey; Milwaukee; and Washington, D.C. and announce expansion to more than 1,000 additional families in Chicago; New Orleans; and Wichita, Kansas SAN FRANCISCO and WASHINGTON , Aug. 14, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America, and Partnership for a Healthier America (PHA), the nation's leading nonprofit working to improve the food landscape in pursuit of health equity, today announced that they have connected families with over five million servings of fruits and vegetables, marking a major milestone in their ongoing national effort to connect under-resourced communities with 10 million servings of produce by 2025.

Online grocery marketplace and delivery service company Maplebear Inc. NASDAQ: CART operates as Instacart. Instacart has had over 25 million people use its service in the past year.

Here is how Maplebear (CART) and AppLovin (APP) have performed compared to their sector so far this year.

Shares of Instacart rallied nearly 10% after reporting very strong Q2 results. In particular, revenue growth accelerated to 15% y/y (from 9% growth in Q1), in part driven by strong advertising results. Instacart continues to emphasize affordability initiatives by integrating more grocers' loyalty programs and showcasing Flyers on its app.

Shares of Instacart rose more than 10% in premarket trading on Wednesday as strong demand for grocery delivery and promising signs of growth in its advertising business helped the company forecast an upbeat current quarter.

Maplebear Inc. (NASDAQ:CART ) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Rebecca Yoshiyama - VP, IR, Capital Markets and Treasury Fidji Simo - CEO Emily Reuter - VP, Finance and Incoming CFO Conference Call Participants Colin Sebastian - Baird Eric Sheridan - Goldman Sachs Nikhil Devnani - Bernstein Justin Post - Bank of America Andrew Boone - JMP Securities Shweta Khajuria - Wolfe Research Ross Sandler - Barclays Bernie McTernan - Needham Jason Helfstein - Oppenheimer & Co. Mark Kelley - Stifel Ron Josey - Citi Michael Morton - MoffettNathanson Walter Piecyk - LightShed Partners Operator Good day and thank you for standing by. Welcome to Instacart's Second Quarter 2024 Financial Results Conference call.

On Tuesday (Aug. 6), Instacart announced an expansion of its service portfolio as part of its strategy to solidify its position in the online grocery market. The company has forged a new partnership with Uber Eats, enabling customers to order both groceries and restaurant meals through the Instacart app.

Shares of Maplebear Inc. — the online grocery-delivery company better known as Instacart — jumped after the company forecast a key demand metric that was above Wall Street's expectations on Tuesday, as it tries to partner with bigger retailers and bank on more restaurant orders through its app.