Maplebear (CART) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
It can be confusing, but Maplebear Inc. CART is better known as Instacart, the world's largest online grocery marketplace, and they also deliver groceries from over 85,000 stores to over 25 million people. However, unlike other delivery services like Uber Eats, owned by Uber Technologies Inc. and the world's largest restaurant delivery service, DoorDash Inc. and Amazon.com Inc.; Instacart is making inroads into in-store shopping, not just delivery.
Maplebear (CART) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
It can be confusing, but Maplebear Inc. NASDAQ: CART is better known as Instacart, the world's largest online grocery marketplace, and they also deliver groceries from over 85,000 stores to over 25 million people. However, unlike other delivery services like Uber Eats, owned by Uber Technologies Inc. NYSE: UBER) and the world's largest restaurant delivery service, DoorDash Inc. NASDAQ: DASH and Amazon.com Inc. NASDAQ: AMZN; Instacart is making inroads into in-store shopping, not just delivery.
As of Sept. 19, 2024, three stocks in the consumer staples sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Instacart has positioned itself as a high-margin tech layer within the grocery ecosystem, offering B2B and B2C services with extensive market reach. CART boasts strong financials with zero debt, high margins, and solid growth, making it well-positioned for future EPS growth. Despite competition from DoorDash, Uber, Amazon, and Walmart, CART's current valuation appears highly attractive, trading at 2.6x sales and 13.7x CFO.
Here is how Maplebear (CART) and AppLovin (APP) have performed compared to their sector so far this year.
Maplebear (CART) stock provides excellent short-term price appreciation potential with strong earnings estimate revisions.
Three must-have technology solutions stocks with strong upside left are: DUOL, CART, SOFI.
Maplebear (CART) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
The mean of analysts' price targets for Maplebear (CART) points to a 27.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
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.