Financial Performance - Instacart achieved Q4 2024 orders and Gross Transaction Value (GTV) growth of 11% and 10% year-over-year, respectively[2]. - Total Gross Transaction Value (GTV) for FY 2024 was $33,461 million, representing a 10% year-over-year growth[43]. - Total revenue for FY 2024 reached $3,378 million, up 11% year-over-year, accounting for 10.1% of GTV[43]. - GAAP net income for FY 2024 was $457 million, reflecting a significant increase of $2,079 million year-over-year due to reduced stock-based compensation expenses[43]. - Adjusted EBITDA for FY 2024 was $885 million, up 38% year-over-year, representing 2.6% of GTV and 26% of total revenue[43]. - In Q4 2024, GTV was $8,645 million, a 10% increase year-over-year, with orders rising 11% to 77.5 million[48]. - Q4 2024 total revenue was $883 million, up 10% year-over-year, representing 10.2% of GTV[48]. - GAAP gross profit for Q4 2024 was $664 million, up 9% year-over-year, maintaining 7.7% of GTV[52]. - Advertising and other revenue in Q4 2024 was $267 million, reflecting a 10% year-over-year growth and consistent at 3.1% of GTV[50]. - Total revenue for Q4 2023 was $803 million, a decrease of 9% compared to $883 million in Q4 2024[91]. - Gross profit for Q4 2023 was $608 million, representing a gross margin of 75.8%[91]. - Net income for Q4 2023 was $135 million, compared to a net loss of $1,622 million in the previous year[91]. - Adjusted EBITDA for Q4 2023 was $199 million, with an adjusted EBITDA margin of 24.8%[95]. - Gross transaction value (GTV) for Q4 2023 was $7,891 million, an increase of 9.6% from $8,645 million in Q4 2024[95]. Customer Engagement and Growth Strategies - The company lowered the minimum basket size for $0 delivery fees from $35 to $10 for Instacart+ members, enhancing order frequency and GTV[5]. - Instacart has improved found and fill rates for 10 consecutive quarters, with nearly 10% of orders coming from stores using Carrot Tags software[6]. - Over 1,800 retail banners partner with Instacart, leading to the launch of over 30 new retailer sites in 2024, significantly increasing sales for upgraded retailers[8]. - Carrot Ads partnerships have expanded, with a 7X increase in retail media revenue for Schnucks after adopting Instacart's ad formats[9]. - The introduction of Family Accounts has led to larger basket sizes as customers shop together[25]. - Instacart's collaboration with OpenAI on the AI agent, Operator, aims to enhance customer convenience in ordering groceries[25]. - Instacart's ability to attract and increase engagement of customers and shoppers is critical for future growth, as highlighted in their forward-looking statements[68]. - The company emphasizes the importance of strategic partnerships and technological advancements in driving future growth and shareholder value[67]. - Instacart's management is focused on expanding capabilities and services to enhance customer experience and market presence[67]. Financial Position and Assets - As of December 31, 2024, Instacart's cash and cash equivalents increased to $2,137 million from $1,278 million in 2023, representing a growth of 67.3%[88]. - The total current assets of Instacart amounted to $2,697 million, a decrease from $3,305 million in the previous year[88]. - Instacart's total liabilities decreased to $800 million in 2024 from $836 million in 2023, reflecting a reduction of 4.3%[88]. - The accumulated deficit improved to $(2,635) million in 2024 compared to $(3,585) million in 2023, indicating a reduction of 26.4%[88]. - Instacart's total stockholders' equity increased to $3,750 million in 2024 from $3,093 million in 2023, marking a growth of 21.2%[88]. Operational Efficiency - The company defines Gross Transaction Value (GTV) as the value of products sold through Instacart, which includes customer tips and fees, indicating the health of the business[73]. - Adjusted EBITDA is used to assess performance, excluding various expenses, and is a key metric for evaluating operational efficiency[75]. - Operating expenses for Q4 2023 totaled $562 million, a decrease of 10% from $509 million in Q4 2024[91]. - Total operating expenses for the three months ended December 31, 2023, were $562 million, with a decrease to $470 million in the following quarter[102]. - Adjusted total operating expenses as a percent of GTV decreased from 7.1% in December 2023 to 5.6% in March 2024[102]. - Research and development expense for the three months ended December 31, 2023, was $205 million, with a reduction to $115 million in March 2024[102]. - Adjusted research and development expense as a percent of GTV decreased from 2.6% in December 2023 to 1.4% in March 2024[102]. - General and administrative expense was $107 million for the three months ended December 31, 2023, and decreased to $74 million in the following quarter[102]. - Adjusted general and administrative expense as a percent of GTV improved from 1.4% in December 2023 to 0.9% in March 2024[102]. - Sales and marketing expense for the three months ended December 31, 2023, was $60 million, increasing to $179 million in March 2024[102]. - Adjusted sales and marketing expense as a percent of GTV was 2.3% in December 2023, rising to 2.2% in March 2024[102]. - Cost of revenue for the three months ended December 31, 2023, was $185 million, with a slight increase to $206 million in March 2024[100]. - Adjusted cost of revenue as a percent of GTV remained stable at 2.5% across the quarters[100].

Core Insights - Instacart released its financial results for the fourth quarter and full year ended December 31, 2024, which are detailed in the fourth quarter 2024 Shareholder Letter available on the company's Investor Relations website [1] Company Overview - Instacart is the leading grocery technology company in North America, partnering with over 1,800 retail banners to facilitate online shopping, delivery, and pickup services from nearly 100,000 stores [3] - The company enables millions of consumers to obtain groceries from their preferred retailers and provides approximately 600,000 Instacart shoppers with flexible earning opportunities through order picking, packing, and delivery [3] - Instacart offers a suite of enterprise-grade technology products and services to retailers, enhancing their e-commerce capabilities, order fulfillment, and advertising services [3] - The company also focuses on nutrition security and health outcomes through its Instacart Health initiative, which provides tools to help consumers make healthier choices [3]

Core Insights - Instacart's CFO, Emily Reuter, will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 4, 2025 [1] - An audio webcast of the event will be available on Instacart's Investors Relations website [1] Company Overview - Instacart is the leading grocery technology company in North America, partnering with over 1,500 retail banners to facilitate online shopping, delivery, and pickup services from more than 85,000 stores [2] - The platform enables approximately 600,000 Instacart shoppers to earn income by picking, packing, and delivering orders on a flexible schedule [2] - Instacart offers retailers a suite of enterprise-grade technology products and services to enhance e-commerce experiences, fulfill orders, digitize stores, provide advertising services, and gain insights [2] - Instacart Ads allows thousands of CPG brands to connect directly with consumers online at the point of purchase [2] - Instacart Health provides tools to improve nutrition security and promote healthier choices for consumers [2]

Core Insights - Maplebear (CART), operating in the Zacks Internet-Commerce industry, has consistently surpassed earnings estimates, averaging a 72.38% beat over the last two quarters [1][3]. Earnings Performance - In the most recent quarter, Maplebear reported earnings of $0.42 per share, exceeding the expected $0.22 per share, resulting in a surprise of 90.91% [2]. - For the previous quarter, the company reported $0.20 per share against an expectation of $0.13 per share, leading to a surprise of 53.85% [2]. Earnings Estimates and Predictions - Analysts have been revising their estimates upward for Maplebear, contributing to a positive Earnings ESP of +23.68%, indicating bullish sentiment regarding the company's earnings prospects [6]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat in the upcoming report [6]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [4]. - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [5].

Core Viewpoint - Seaport Global analyst Aaron Kessler initiated coverage on Maplebear Inc (Instacart) with a Buy rating and a price forecast of $62.00, highlighting the potential in the grocery sector despite a slower transition to online shopping [1][2]. Industry Overview - The grocery sector is the largest in retail, generating over $1.1 trillion annually in the U.S. [1] - Approximately 13% of grocery orders occur online, indicating a slower shift to eCommerce compared to other categories [1]. Company Positioning - Instacart has partnered with over 85,000 stores across 1,500 retail banners, representing more than 85% of the U.S. grocery market by December 31, 2023 [4]. - Instacart holds over 50% market share for small baskets (under $75) and more than 70% for large baskets (above $75), with large baskets accounting for about 75% of grocery spending in the U.S. [5]. Growth Strategy - Instacart focuses on selection, affordability, quality, and convenience to drive sustained growth despite the slower market transition [2]. - Long-term revenue growth is anticipated to be in the high single digits, driven by greater customer adoption, expanding retail partnerships, and increased spending on brand advertising [6]. Financial Outlook - Adjusted EBITDA margins are expected to exceed 35% over time, supported by efficiencies from scale and controlled investment levels [6]. - As of the last check, CART shares are trading higher by 1.01% at $50.21 [6].

Core Insights - Coles has launched AI-powered Caper Carts, enhancing the in-store shopping experience by allowing customers to bag items as they shop and track their spending in real-time [1][3][4] - The Caper Carts are integrated with Coles' Flybuys rewards program, enabling customers to earn points and access personalized offers [2][4] - Coles is the first retailer in the APAC region to introduce these smart trolleys, reflecting its commitment to improving the omnichannel shopping experience [3][4] Company Overview - Coles operates over 1,800 supermarkets and liquor stores across Australia, employing more than 120,000 team members and engaging with over 8,000 suppliers [7] - The company aims to help Australians eat and live better every day, focusing on enhancing customer experience through innovative technologies [7] Technology and Innovation - Caper Carts utilize AI, cameras, and built-in scales to automatically recognize items, providing a seamless shopping experience similar to online shopping [1][3] - The technology is part of Instacart's Connected Stores suite, designed to bridge the gap between online and in-store shopping [5] Customer Engagement - Customers using Caper Carts can view their purchase history and access a 'buy it again' list on the Coles app and website, enhancing convenience [2][4] - The introduction of gamified features, such as a digital wheel for discounts, aims to make shopping more engaging and enjoyable [2][4]

Group 1 - Instacart is launching its first-ever Super Bowl commercial, featuring beloved brand mascots delivering groceries in the Oscar Mayer Wienermobile [1][4] - The live delivery event will take place on February 8, 2025, in various neighborhoods across Philadelphia [3] - Customers placing orders through Instacart may receive a unique delivery experience with brand mascots and the opportunity to engage with the Oscar Mayer Wienermobile [4] Group 2 - The Super Bowl commercial, titled "We're Here," will air on February 9, 2025, and aims to highlight the convenience of Instacart's grocery delivery service [4] - Instacart is promoting a Game Day Essentials Collection, offering discounts of up to 40% on snacks and household essentials until February 9 [4]

Core Insights - Instacart emphasizes its commitment to customer care through a grocery-first technology platform and extensive partnerships, having fulfilled over 1 billion orders in 12 years [1][3][4] Group 1: Marketing Campaign - Instacart's Super Bowl commercial features iconic mascots on a mission to deliver groceries, showcasing the brand's dedication to customer service [2][3] - The campaign introduces the new brand platform "We're Here," highlighting Instacart's role in allowing customers to focus on important life moments [4][5] - A teaser for the Super Bowl ad was released, featuring well-known mascots rehearsing, and an extended version includes additional mascots and social media content [3][4] Group 2: Promotions and Engagement - Instacart is running a week of game day deals, offering free snacks with orders and special deliveries from mascots in key cities [5][6] - Customers can engage with the campaign on social media by tagging Instacart when encountering mascots, and they can access deals on game day essentials through the app [6] Group 3: Company Overview - Instacart partners with over 1,500 retailers, providing online shopping, delivery, and pickup services from more than 85,000 stores across North America [7][8] - The company supports approximately 600,000 shoppers who earn by fulfilling orders on a flexible schedule, while also offering technology solutions for retailers [8]

Maplebear Inc., D/B/A Instacart (NASDAQ: CART ) is an e-commerce company that we expect to outperform in 2025. We rate Instacart as a buy opportunity for the long term. Instacart is a data andI write for retail value investors who cannot afford to lose money but sometimes like to take a risk. I speak for free to community and school groups. I was teaching business, social/political activism, and Middle East politics to international university students in Tel Aviv b4 the pandemic hit. A college in Jerusalem ...

Committed To Helping People Eat Clean & Green™ in 2025, BrightFarms' Crunch Kits Will Come Free With an Instacart Order on Thursday, January 23IRVINGTON, N.Y., Jan. 23, 2025 /PRNewswire/ -- BrightFarms, a national leader in the indoor farming industry, today announced a campaign with Instacart (NASDAQ: CART), the leading grocery technology company in North America, to deliver free salad kits* following Quitters Day. Noted as the day when most people abandon their New Year's resolutions, Quitters Day is typi ...