CART Stock Recent News

Caper Carts - Instacart's AI-powered smart carts - will roll out at select McKeever's and Price Chopper stores in Missouri SAN FRANCISCO and KANSAS CITY, Kan., June 25, 2024 /PRNewswire/ -- Instacart (Nasdaq: CART), the leading grocery technology company in North America, and Price Chopper and McKeever's Market & Eatery today announced that Caper Carts, Instacart's AI-powered smart carts, are now available at select stores in Missouri.

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid (OTC: RADCQ) today announced its expanded partnership with Instacart (NASDAQ: CART), the leading grocery technology company in North America, allowing use of an Electronic Benefits Transfer (EBT) card for the Supplemental Nutrition Assistance Program (SNAP) as an online payment option for eligible items on its Instacart digital storefront. Available from over 1,400 Rite Aid and Bartell Drugs locations nationwide, this new online payment option provides se.

Instacart parent Maplebear has board approval for $500 million in share repurchases, the company said. Instacart stock jumped.

Shares of Instacart (NASDAQ:CART) are 2.6% higher at $30.91 at last glance, following a bull note from Gordon Haskett.

Here is how Maplebear (CART) and Viant Technology (DSP) have performed compared to their sector so far this year.

Maplebear (CART) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Instacart's Q1 results disappointed investors, causing a drop in the stock price, but the company still posted admirable results with accelerating GTV and revenue. The company has been able to fulfill more orders and draw in more buyers by broadening availability of pickup options. Instacart addresses a large and underpenetrated market, has strong network effects, and has additional routes to monetization through ad revenue.

Maplebear Inc. (NASDAQ:CART ) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Rebecca Yoshiyama - Vice President, Investor Relations, Capital Markets and Treasury Fidji Simo - Chief Executive Officer Nick Giovanni - Chief Financial Officer Emily Reuter - Vice President, Finance and Incoming Chief Financial Officer Conference Call Participants Eric Sheridan - Goldman Sachs Nikhil Devnani - Bernstein Ross Sandler - Barclays Jason Helfstein - Oppenheimer Doug Anmuth - JPMorgan Michael Morton - MoffettNathanson Andrew Boone - JMP Securities Ron Josey - Citi Tom Champion - Piper Sandler Steven Fox - Fox Advisors Rob Sanderson - Loop Capital Markets Ross Compton - Macquarie Steven McDermott - Bank of America Stefanos Crist - Needham Operator Good day and thank you for standing by. Welcome to Instacart's First Quarter 2024 Financial Results Conference Call.

Instacart is seeing in-store technologies impact grocery shoppers' spending and loyalty.

Instacart forecast its second-quarter gross transaction value (GTV) and core profit above estimates on Wednesday, helped by a surge in grocery orders as well as higher fees for the advertisements it showcases on its grocery delivery platform.