CART Stock Recent News

Instacart's dominant position as the leading online grocery platform in the U.S. creates a solid foundation for future growth. Instacart is uniquely positioned to benefit from a doubling of online grocery penetration, from 15% today to an estimated 30% by 2040, potentially expanding its addressable market to roughly $700–750 billion. Recent financial results further support the thesis of strong commercial momentum, with full year 2024 revenue growing 11% YoY to $3.4 billion, while operating income jumped to $489 million.

Instacart (CART) wanted to get more orders in the door. Its strategy?

Last week, Instacart stock fell by over 12% after its Q4 report, even though the numbers weren't that bad. Combined with an overall market sell-off, shares are reasonably priced now. The Q4 results showed EPS and GTV growth, but slight revenue and order value misses, along with soft Q1 EBITDA guidance, led to an exaggerated sell-off. Instacart's innovation, competitive positioning in a growing market, and strong financials (including a large cash position, high margins, and lots of free cash flow) position it well for future growth.

Brad Gerstner's hedge fund, Altimeter Capital Management , made 27 moves in the fourth quarter, none more important than closing out its seventh-largest position, KraneShares CSI China Internet ETF (NYSEARCA:KWEB).

Instacart shares plummeted 12% on Wednesday, their worst day on record. The grocery delivery company posted a fourth-quarter revenue miss and offered light guidance for the current period.

Maplebear Inc CART also known as Instacart reported worse-than expected fourth-quarter revenue. The following are the analysts comments on the company's performance.

Instacart's parent company, Maplebear (CART), sold off 10% to start its post-earnings trading day. Diane King Hall attributes the price dip to a "challenging" food delivery landscape.

Maplebear Inc. (NASDAQ:CART ) Q4 2024 Earnings Conference Call February 25, 2025 5:00 PM ET Company Participants Rebecca Yoshiyama - Vice President of Investor Relations, Capital Markets and Treasury Fidji Simo - Chief Executive Officer Emily Reuter - Chief Financial Officer Conference Call Participants Doug Anmuth - J.P. Morgan Eric Sheridan - Goldman Sachs Nikhil Devnani - Bernstein Ron Josey - Citi Ross Sandler - Barclays Jason Helfstein - Oppenheimer James Lee - Mizuho Securities USA Michael Morton - MoffettNathanson Brian Nowak - Morgan Stanley Miles Jakubiak - KeyBanc Shweta Khajuria - Wolfe Research Justin Post - Bank of America Steven Fox - Fox Advisors LLC Operator Good day, and thank you for standing by.

While the top- and bottom-line numbers for Maplebear (CART) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Maplebear (CART) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.44 per share a year ago.