Core Insights - Instacart forecasts strong growth in gross transaction value (GTV) and core profit for the current quarter, driven by demand for essential goods and an expanding advertising business [1] - The company reported a 14% increase in GTV for the fourth quarter, reaching $9.85 billion, surpassing estimates [1] - Instacart's advertising revenue exceeded $1 billion in 2025, with a significant increase in active brands [1] Financial Performance - For the current quarter, Instacart expects GTV between $10.13 billion and $10.28 billion, indicating an 11% to 13% year-on-year growth [1] - Adjusted earnings before tax, depreciation, and amortization (EBITDA) are projected to be between $280 million and $290 million, slightly above analysts' expectations [1] - In the fourth quarter, adjusted core profit was $303 million, exceeding estimates of $292.2 million [1] Market Dynamics - The demand for essentials has increased as consumers seek affordable options amid inflation, contributing to a 16% rise in orders [1] - Instacart faces heightened competition from Amazon and Kroger, which may impact its market share [1] - The company has launched an app on OpenAI's ChatGPT, indicating a move towards technological integration in its services [1]

Core Insights - DoorDash (DASH) is experiencing significant growth in its Marketplace Gross Order Value (GOV), which increased by 25% year over year to $25 billion in Q3 2025, surpassing consensus estimates by 1.84% [1][10] - The company's revenues rose by 27.3% year over year to $3.45 billion, with a net revenue margin improvement from 13.5% to 13.8%, driven by the increase in Marketplace GOV [1][10] Marketplace Growth - DoorDash's ability to attract new customers while retaining existing ones has positively influenced Marketplace GOV, with successful user acquisition across restaurants, grocery, and retail categories [2] - The expansion into new verticals and retail categories has significantly contributed to the growth of Marketplace GOV [2] Partnerships and Expansion - The company has formed new partnerships with notable brands such as Waymo, Kroger, McDonald's, and Ace Hardware, which have broadened DoorDash's reach and enhanced service offerings [3][10] - DoorDash aims for continued growth in Marketplace GOV, projecting it to be between $28.9 billion and $29.5 billion for Q4 2025 [4] Competitive Landscape - DoorDash faces intense competition from local food delivery platforms like Uber Technologies (UBER) and Instacart (Maplebear), which are also seeking to expand their market presence [5] - Uber Technologies reported a 27% year-over-year revenue growth in its Delivery business, with gross bookings rising 24% to $23.3 billion [6] - Instacart's Gross Transaction Value increased by 10.4% year over year to $9.170 billion, driven by a 14% rise in orders [7] Stock Performance and Valuation - DoorDash's shares have increased by 16.9% year-to-date, underperforming the Zacks Internet - Services industry's growth of 50.7% and the broader Zacks Computer & Technology sector's 27% growth [8] - The company's shares are considered overvalued, with a trailing 12-month Price/Book ratio of 8.84, compared to the industry's 7.72X [11] - The Zacks Consensus Estimate for DoorDash's earnings in 2025 is $2.25 per share, reflecting an 8.5% decline over the past 30 days but a year-over-year increase of 675.86% [13]