Instacart stock drops on adjusted earnings outlook [Yahoo! Finance]
Maplebear Inc. (CART)
US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4715924
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Source: Yahoo! Finance
The San Francisco-based last-mile delivery company reported positive earnings of $0.42 per share on revenue of $852 million, beating analyst consensus estimates of $0.22 per share on revenue of $844.24 million, according to EarningsWhispers.com. Meanwhile, gross transaction value (GTV) grew by 11% year over year to $8.3 billion, and the company's 72.9 million orders represented a 10% year-over-year increase. The positive results, however, were not enough to allay investor fears about the coming quarter, according to analysts. That's due to Instacart's Q4 forecast of adjusted EBITDA ranging between $230 million and $240 million, according to Investor's Business Daily , which noted that analysts set expectations higher at $243 for the coming quarter. Instacart's GTV for Q4 ranges between $8.5 billion and $8.65 billion. “This GTV outlook represents year-over-year growth between 8% to 10% even as we compare against last year's strong holiday season, as we lap a meaningful sequentia
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News
- Retail Leaders Predict Future: Personalization, AI, and Community-Focused Strategies Emerge at Groceryshop 2024 [Yahoo! Finance]Yahoo! Finance
- Instacart CEO Says Wall Street Undervalues Grocery Tech Bet [Yahoo! Finance]Yahoo! Finance
- 10+ Best Black Friday Streaming Deals: Big Savings on Starz, NFL Sunday Ticket and More [CNET News]CNET News
- Instacart orders first Super Bowl ad as its marketing evolution continues [Yahoo! Finance]Yahoo! Finance
- VISO TRUST Secures $24M to Accelerate Innovation in AI-Powered Third-Party Risk Management [Yahoo! Finance]Yahoo! Finance
CART
Earnings
- 11/12/24 - Beat
CART
Sec Filings
- 11/20/24 - Form 144
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- CART's page on the SEC website