Instacart
About
Maplebear Inc., operating as Instacart (NASDAQ: CART), is the leading online grocery delivery and pickup marketplace in North America, partnering with over 1,400 retail banners and hundreds of thousands of shoppers to deliver groceries and household essentials from local stores to customers' doors. The company went public in September 2023 after years of anticipation, buoyed by the pandemic-driven surge in grocery e-commerce adoption and its growing high-margin advertising business that allows consumer packaged goods brands to reach shoppers at the point of purchase. Instacart's dominant market position in online grocery, its asset-light marketplace model, expanding enterprise technology platform for retailers, and rapidly growing advertising revenue stream make it a compelling investment in the digitization of the massive grocery industry.
IPO Stocks
Instacart was one of the most anticipated tech IPOs of 2023, debuting on the NASDAQ in September after years of private market growth, representing the leading pure-play public market investment in online grocery delivery and retail media advertising.
Key Financials CART
Price
$36.30
Change (1D)
+9.21%
Change (30D)
-19.30%
Change (60D)
-10.39%
Change (90D)
-4.10%
Change (180D)
-22.80%
Change (1Y)
-27.76%
P/E Ratio
18.33
EPS (TTM)
$1.98
52-Week Range
$32.73 — $53.50
50-Day MA
$41.21
Volume
18.46M
Data updated Feb 15 · Source: Twelve Data
