Instacart (CART-Q)
NASDAQ:CART
40.02
0.48
(1.19%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 1 opinions in the last 12 months.
Instacart (CART-Q) reported a strong Q2 performance, with total revenue increasing by 15% and adjusted EBITDA soaring by 89% year-over-year, surpassing market expectations. The robust guidance provided for future performance indicates confidence in the company's growth trajectory. However, experts seem to adopt a cautious approach regarding this newly public company, emphasizing a preference for traditional grocery shopping, especially for items like meat. This illustrates a potential hesitancy among consumers toward fully embracing online grocery shopping despite convincing financial metrics. Overall, while the numbers are promising, investor sentiment appears mixed as they await further developments.
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Instacart(CART-Q) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Instacart(CART-Q) Frequently Asked Questions
What is Instacart stock symbol?
Instacart is a American stock, trading under the symbol CART-Q on the NASDAQ (CART). It is usually referred to as NASDAQ:CART or CART-Q
Is Instacart a buy or a sell?
In the last year, there was no coverage of Instacart published on Stockchase.
Is Instacart a good investment or a top pick?
Instacart was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Instacart.
Why is Instacart stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Instacart worth watching?
In the last year, there was no coverage of Instacart published on Stockchase.
What is Instacart stock price?
On 2025-04-03, Instacart (CART-Q) stock closed at a price of $40.02.
Their Q2 report: +15% total revenue and 89% adjusted EBITDA YOY, beating the street, plus delivered robust guidance. That said, he remains wait and see with this new public company, because still prefer buying groceries like meat in person.