A recent floor at the $30 level helped keep Instacart stock's recent pullback in check. The equity still has a lot of ground to make up in order to reach its initial public offering (IPO) debut that saw it touch an intraday high of $42.95, but CART still boasts in impressive 32.1% year-to-date lead. Shares of Instacart (NASDAQ:CART) are 2.6% higher at $30.91 at last glance, following a bull note from Gordon Haskett. The analyst upgraded CART to "buy" from "hold," citing the security's overdone selloff and u ...

"Our brick-and-mortar stores are foundational to The Home Depot, and expanding our eCommerce capabilities is a key part of our ongoing efforts to deliver a seamless interconnected experience," Jordan Broggi, president of the retailer's online business, said in the release. "By supplementing our existing same-day and next-day delivery options on homedepot.com with Instacart's fast and convenient shopper experience, we're increasing flexibility for our customers to meet them no matter how they choose to shop. ...

The world's largest home improvement retailer now offers delivery in as fast as an hour SAN FRANCISCO and ATLANTA , May 23, 2024 /PRNewswire/ -- Instacart (Nasdaq: CART), the leading grocery technology company in North America, and The Home Depot (NYSE: HD), the world's largest home improvement retailer, today announced a nationwide partnership to offer same-day delivery in as fast as an hour from nearly 2000 store locations. Customers can now order a wide range of home improvement items on Instacart's plat ...

Over the past three months, Viant Technology's consensus EPS estimate for the current year has increased 58.5%. The stock currently has a Zacks Rank #2 (Buy). To break things down more, Maplebear belongs to the Technology Services industry, a group that includes 173 individual companies and currently sits at #56 in the Zacks Industry Rank. This group has gained an average of 15.9% so far this year, so CART is performing better in this area. Viant Technology is also part of the same industry. Maplebear and V ...

Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements. Maplebear (CART) has been beaten down lately with too much selling pressure. While the stock has lost 9.6% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to rep ...

Summary of Key Points Core Viewpoint - The gig economy sector, represented by Uber, Lyft, DoorDash, and Maplebear, is experiencing a complex situation with mixed earnings results, leading to varied stock performances [1]. Uber - Uber reported solid quarterly results but experienced weakness in bookings, causing a significant drop in stock price post-earnings, raising concerns about cash-strapped consumers [2]. - Despite the recent decline, there is a bullish outlook on Uber due to its growing profits and cash flow, though investors are advised to monitor affordability issues [2]. Lyft - Lyft had a strong quarter with higher-than-expected bookings, indicating a more competitive position against Uber, which has been losing market share [2]. - The stock price increased following earnings, and there is optimism regarding CEO David Risher's management and the potential for continued stock performance [2]. DoorDash - DoorDash's quarterly results were decent, but weakened guidance led to a significant stock decline [2]. - The company is viewed as deserving of the benefit of the doubt as it invests in growth, but performance may remain unpredictable until earnings improve [2]. Maplebear - Maplebear's quarterly report was impressive, but there is hesitation in recommending the stock due to uncertainty in the grocery delivery landscape [2]. - The competitive threat from Amazon in the grocery delivery sector raises concerns about the viability of competing with such a dominant player [2].

SAN FRANCISCO, May 13, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART) today announced that Emily Reuter, CFO, will participate in a fireside chat at the J.P. Morgan Global Technology, Media and Communications Conference on Monday, May 20, 2024 at 10:40 AM ET. An audio webcast of the event will be available on Instacart's Investors Relations website at https://investors.instacart.com/. About Instacart Maplebear Inc. dba Instacart, the leading grocery technology company in North America, works with grocers and ...

Cash Flows from Investing Activities For the three months ended March 31, 2023, net cash provided by investing activities was $42 million, comprised primarily of maturities of marketable securities of $51 million, partially offset by purchases of property and equipment, including capitalized internal-use software of $9 million. Table of Contents For the three months ended March 31, 2024, net cash used in financing activities was $750 million, comprised primarily of repurchases of common stock of $715 millio ...

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 Micha ...

Instacart is seeing in-store technologies impact grocery shoppers’ spending and loyalty.The aggregator’s CEO, Fidji Simo, noted in a letter shared with investors Wednesday (May 8) discussing its first-quarter 2024 earnings results that, according to merchants who have deployed the company’s Caper Cart smart self-checkout shopping carts, “people are seeking out stores” that offer the technology, including shoppers who are new to the merchant.“We made an early bet that smart carts would be the winning technol ...