Are Retail-Wholesale Stocks Lagging Maplebear Inc. (CART) This Year?
Here is how Maplebear (CART) and Brinker International (EAT) have performed compared to their sector so far this year.
Instacart to face challenges in competition and third-party premiums, says Deutsche's Lee Horowitz
Lee Horowitz, Deutsche Bank co-head of internet equity research, joins CNBC's 'The Exchange' to discuss Deutsche's hold rating on Instacart despite shares surging this year.
Instacart initiated with a Hold at Deutsche Bank
Deutsche Bank initiated coverage of Instacart with a Hold rating and $37 price target. While Instacart deserves an "immense amount of credit" for building itself into a large and profitable grocery delivery platform, the company's fundamentals will be challenged over the next 12-24 months, the analyst tells investors in a research note. The firm believes Instacart's digital grocery share gains are likely to remain muted given affordability challenges. It also expects first-party competitors like Walmart (WMT) and Amazon (AMZN) as well as marketplace competitors like DoorDash (DASH) and Under (UBER) have more flexibility to address affordability challenges and thus drive greater share relative to Instacart.
Are Retail-Wholesale Stocks Lagging Maplebear Inc. (CART) This Year?
Here is how Maplebear (CART) and Brinker International (EAT) have performed compared to their sector so far this year.
Instacart: Is it Time to Back Up the Cart on the Stock?
Maplebear Inc. NASDAQ: CART is best known as Instacart, the world's largest online grocery marketplace with a network exceeding 80,000 stores. While you may have believed it was just a food delivery app like DoorDash Inc. NASDAQ: DASH or Uber Eats (owned by Uber Technologies Inc. NYSE: UBER), it's evolved into much more.
Instacart: The Post-Earnings Dip Is A Great Time To Buy This Transformational Brand
Instacart's Q3 results exceeded expectations, with 11% y/y GTV growth and a 39% y/y surge in adjusted EBITDA, despite a post-earnings dip. The company's guidance for Q4 GTV growth is conservative; historical trends suggest Instacart will likely surpass these estimates. Instacart's large TAM, strong partnerships, ad revenue growth, and commitment to profitability make it a compelling buy at current valuations.
Instacart Stock Hit on Soft Q4 Outlook
Shares of Instacart, trading under the name of its parent, Maplebear (CART), tumbled Wednesday, after the grocery delivery service issued soft guidance, noting that one of its partners was hit with an internet outage.
Maplebear Inc. (CART) Q3 2024 Earnings Call Transcript
Maplebear Inc. (NASDAQ:CART ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Rebecca Yoshiyama - Vice President, Investor Relations, Capital Markets and Security Fidji Simo - Chief Executive Officer Emily Reuter - Chief Financial Officer Conference Call Participants Eric Sheridan - Goldman Sachs Ron Josey - Citi Sebastian Colin - Baird Ross Sandler - Barclays Justin Post - Bank of America Jason Helfstein - Oppenheimer Brian Nowak - Morgan Stanley Doug Anmuth - JPMorgan Nikhil Devnani - Bernstein Shweta Khajuria - Wolfe Research Andrew Boone - JMP Securities Ross Compton - Macquarie Operator Good day and thank you for standing by. Welcome to Instacart's Third Quarter 2024 Financial Results Conference Call.
Instacart CEO: Retailer Integrations Streamline Shopping, Drive Growth
Instacart's expansion of retailer integrations and the implementation of advanced technology have streamlined the shopping experience, providing convenience, savings and higher engagement, CEO Fidji Simo noted Tuesday (Nov. 12) during the company's third-quarter earnings call.
Maplebear (CART) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Maplebear (CART) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Maplebear (CART) Q3 Earnings and Revenues Beat Estimates
Maplebear (CART) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to loss of $20.86 per share a year ago.
Instacart's weak outlook for the end of the year drags the stock lower
Instacart says sales are up 12%, but investors worry about weaker outlook and the prospect of cooling demand.
