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Instacart (CART-Q)
NASDAQ:CART
37.22
1.58
(4.07%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 1 opinions in the last 12 months.
Instacart, which trades under the symbol CART-Q, has recently reported a noteworthy Q2 performance, showcasing a significant increase of 15% in total revenue along with an impressive 89% growth in adjusted EBITDA year-over-year. These results have surpassed market expectations, and the company has provided robust guidance for future growth. However, despite these positive indicators, there is a cautious sentiment among some experts. They emphasize a 'wait and see' approach to this relatively new public company, particularly due to consumer preferences that still lean towards in-person grocery shopping for items like meat. This indicates a potential challenge for the company as it navigates the evolving landscape of online grocery sales.
Too many problems and doesn't see growth. Prefers Doordash.
They raised their IPO price (happening next Monday) after the success of Arm's IPO this week.
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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 2025-03-13, Instacart (CART-Q) stock closed at a price of $37.22.
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.