Instacart (CART-Q)
NASDAQ:CART
40.22
0.33
(0.83%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 1 opinions in the last 12 months.
Instacart, with the ticker symbol CART-Q, recently reported strong financial results for Q2, showing a 15% increase in total revenue and an impressive 89% rise in adjusted EBITDA year-over-year. These results exceeded market expectations and provided robust guidance for future performance. While these figures indicate a positive trajectory for the company, some analysts express cautious optimism, preferring to wait and see how this newly public company continues to perform in the long run. A recurring sentiment among experts is the preference for traditional grocery shopping for certain items, such as meat, which could impact future growth in online grocery sales. Overall, while the financial metrics are promising, a degree of skepticism remains about the long-term viability of online grocery shopping habits.
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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 2025-04-01, Instacart (CART-Q) stock closed at a price of $40.22.
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.