SAN FRANCISCO, Nov. 12, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART) today released financial results for its third quarter ended September 30, 2024. These financial results are available within Instacart's third quarter 2024 Shareholder Letter, which can be found on the company's Investor Relations website at https://investors.instacart.com/.Instacart management will host a conference call to discuss the company's results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today. To access a live webcast o ...

Core Insights - Coles Supermarkets is the first retailer in the Asia Pacific region to introduce Instacart's AI-powered Caper Carts, set to launch in early 2025 at the Richmond Traders location in Melbourne [1][4] Group 1: Caper Carts Features - Caper Carts are equipped with AI, cameras, and a built-in scale to automatically recognize items as they are added, allowing customers to bag items while shopping and view their running total [2] - The smart trolleys will sync with Coles' Flybuys rewards program, enabling customers to earn points and access personalized offers through the trolley's digital screen [3] Group 2: Strategic Importance - The introduction of Caper Carts reflects Coles' commitment to enhancing the in-store shopping experience through digital capabilities, aiming to save time and improve customer engagement [4] - Instacart aims to bridge the online and in-store shopping experience, expanding its international presence through this partnership with Coles Supermarkets [5] Group 3: Customer Reception - In the US, Caper Carts have received a strong customer reception, achieving a net promoter score of over 70 at ramped locations, indicating high customer satisfaction [4] Group 4: Company Background - Coles operates over 1,800 supermarkets and liquor stores in Australia, employing more than 120,000 team members and engaging with over 8,000 suppliers [7] - Instacart partners with over 1,500 retailers across North America, facilitating online shopping and delivery services from more than 85,000 stores [6]

Investors might want to bet on Maplebear (CART) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual investo ...

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Maplebear (CART) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.Maplebear is a member of the Retail-Wholesale sector. This group includes 210 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector ...

ALDI, Gelson's, and Hornbacher's Among New Grocers Leveraging Carrot TagsSAN FRANCISCO, Nov. 7, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced that new grocers are connecting their electronic shelf labels (ESL) hardware to Carrot Tags' pick to light functionality. Carrot Tags is Instacart's software solution that seamlessly integrates into a retailer's electronic shelf labels (ESL) hardware to enable incremental functionality, includin ...

Sprouts, Harmons, The Save Mart Companies, and Rosauers upgrade to Instacart's end-to-end e-commerce platform, joining more than 600 grocers boosting online growth SAN FRANCISCO, Nov. 6, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced that Sprouts, Harmons, The Save Mart Companies and Rosauers are enhancing their digital presence with Instacart Storefront Pro. Storefront Pro, an advanced e-commerce solution custom-designed for grocers o ...

Maplebear (CART) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November ...

Group 1 - Maplebear Inc. (NASDAQ: CART) is primarily known for its online grocery shopping service, Instacart, which provides grocery sales, delivery, and pickup services through a mobile app and website [1] - The company's stock has shown strong performance over the past year, indicating positive market reception and growth potential [1] - The investment strategy focuses on high-growth opportunities across various industries, utilizing a value investing approach that emphasizes robust business models and strategic foresight [1] Group 2 - The analysis employs discounted cash flow (DCF) valuation methodology while remaining adaptable to various valuation techniques [1] - Business model frameworks from institutions like Harvard Business School are leveraged for in-depth analysis, ensuring a comprehensive understanding of a company's intrinsic value and strategic positioning [1] - The focus is on long-term growth potential and risk mitigation in investment decisions [1]

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Maplebear (CART) , which belongs to the Zacks Internet - Commerce industry. When looking at the last two reports, this operator of the Instacart online grocery has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 514.42%, on average, in the last two quarters. For the last reported quarter, Maplebear came out with ...

SAN FRANCISCO , Oct. 15, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART) today announced it will report its third quarter 2024 financial results after market close on Tuesday, November 12, 2024. The company's third quarter 2024 Shareholder Letter will be available on Instacart's Investor Relations website at https://investors.instacart.com. Instacart management will also host a conference call to discuss the company's results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Tuesday, November 12. To acces ...