Maplebear: Growth Acceleration With Potentially Lower Cost Structure

Klaus Vedfelt/DigitalVision via Getty ImagesInvestment summary My recommendation for Maplebear (NASDAQ:CART) is a buy rating. Based on the latest financials and customer cohort performance, I believe CART is going to see GTV growth acceleration that supports the current valuation. Importantly, management has now set its focus on further streamlining the business, which I expect will lower the cost structure, proving more room for margin to expand. Business Overview Maplebear (also known as Instacart) is ...