Instacart (NASDAQ:CART) reported third quarter 2025 results that surpassed Wall Street estimates for both revenue and earnings per share, but cautious guidance for the holiday quarter weighed on its shares on Monday morning. The grocery technology company posted Q3 revenue of $939 million, slightly above analyst projections of $934.1 million, representing a 10.2% increase from the same period last year.
While the top- and bottom-line numbers for Maplebear (CART) give a sense of how the business performed in the quarter ended September 2025, 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 $0.51 per share, beating the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.42 per share a year ago.
Instacart topped third-quarter earnings and issued an upbeat outlook as more consumers utilize online grocery delivery. CEO Chris Rogers called the company a "clear leader" in online grocery delivery in a letter to shareholders and said Instacart is focused on investing.
Maplebear (CART) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Grubhub customers will soon be able to order goods from Instacart's network of grocery stores and pharmacies within the Grubhub app or website. This capability will be enabled by a new partnership between the two companies, in which Instacart has become Grubhub's grocery delivery partner, according to a Tuesday (Oct. 28) press release.
Instacart (NASDAQ:CART) shares moved lower after Wedbush downgraded the company to ‘Underperform' from ‘Neutral' and lowered its price target to $42 from $55, with analysts citing intensifying competition in the grocery delivery space. “Instacart has demonstrated healthy gross transaction volume (GTV) growth and an improving margin trajectory over the last few quarters, tempering some investor concern,” the analysts wrote.
Shares of Maplebear Inc (NASDAQ:CART), which does business as Instacart, are down 3.2% at $44.07, after a downgrade from Wedbush to "underperform" from "neutral," with a price-target cut to $42 from $55.
Benchmark Equity Research upgraded Instacart to Buy from Hold due to its strong growth trajectory.
Instacart shoppers are ordering more often — and more carefully — as digital tools reframe how value is presented and perceived on the platform. Total orders rose 17% year over year in Q2 2025, according to Instacart parent Maplebear.
Maplebear Inc. (NASDAQ:CART ) Q2 2025 Earnings Conference Call August 7, 2025 5:00 PM ET Company Participants Emily Maher - CFO & Treasurer Fidji Simo - President, CEO & Chairman Rebecca Yoshiyama - Vice President of Investor Relations Conference Call Participants Andrew M. Boone - Citizens JMP Securities, LLC, Research Division Colin Alan Sebastian - Robert W.
The headline numbers for Maplebear (CART) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.