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Maplebear Inc. - CART STOCK NEWS

Welcome to our dedicated page for Maplebear news (Ticker: CART), a resource for investors and traders seeking the latest updates and insights on Maplebear stock.

Maplebear Inc., doing business as Instacart (NASDAQ: CART), is a leading American grocery delivery and pick-up service headquartered in San Francisco. Instacart operates extensively across the United States and Canada, providing customers with a convenient way to shop for groceries online through its website and mobile app.

Instacart has revolutionized the grocery shopping experience by partnering with over 1,500 national, regional, and local retail banners to offer products from more than 85,000 stores across North America. The platform boasts nearly 8 million monthly active users, who benefit from Instacart's extensive network of approximately 600,000 independent contractors, known as shoppers, who pick and deliver orders directly to customer doorsteps.

Instacart's revenue model is diverse, encompassing service fees from orders, a robust advertising business, and premium memberships like Instacart+. The company has also significantly expanded its services to include SNAP (Supplemental Nutrition Assistance Program) benefits, making groceries accessible to more families across 14,000 stores and reaching 96% of SNAP households in the U.S.

Recently, Instacart has announced several strategic initiatives and partnerships. These include retail expansions with major grocery chains like Food City, Gordon Food Service, and Hy-Vee, as well as a public-private partnership with the U.S. Department of Health and Human Services to support food as medicine programs aimed at improving health outcomes through better nutrition.

Instacart continues to innovate with technologies like Caper Carts, AI-powered smart carts that streamline the shopping and checkout process, and Carrot Ads, which empower smaller retailers to grow their retail media networks. Furthermore, the company’s financial results for Q1 2024 have been promising, showcasing its ongoing growth and market leadership.

With its comprehensive suite of enterprise-grade technology products, including e-commerce solutions, advertising services, and health initiatives, Instacart remains at the forefront of transforming the grocery shopping experience. For more details, visit Instacart’s official website.

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The Home Depot and Instacart have announced a nationwide partnership to offer same-day delivery from nearly 2000 store locations across the U.S. Customers can order a wide range of home improvement items, including garden essentials, building supplies, and light fixtures, on Instacart’s platform and receive deliveries in as fast as an hour. The service, which includes Instacart's Big & Bulky fulfillment solution, covers heavy items up to 60 pounds. This expansion follows a successful pilot earlier this year and aims to enhance The Home Depot's e-commerce capabilities. The partnership facilitates greater flexibility and convenience for customers.

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Instacart's CFO, Emily Reuter, will participate in a fireside chat at the J.P. Morgan Global Technology, Media and Communications Conference on May 20, 2024. The company is a leading grocery technology firm in North America, partnering with a vast range of retailers to offer online shopping, delivery, and pickup services. Instacart's platform provides retailers with various technology products and services to enhance their e-commerce capabilities, fulfill orders, and gain insights. The company also collaborates with CPG brands through Instacart Ads to connect with consumers directly online.

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Instacart (NASDAQ: CART) has reported its financial results for the first quarter of 2024. The results can be accessed on the Investor Relations website. A conference call will be held to discuss the results.

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Uber Eats and Instacart have partnered to provide Instacart customers with access to food delivery from Uber Eats restaurant partners across the U.S. Customers can now order from hundreds of thousands of restaurants through the Instacart app. Instacart+ members will enjoy $0 delivery on grocery and restaurant orders over $35, further enhancing the value of their membership.

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Instacart and Uber Technologies, Inc. have announced a strategic partnership to offer Uber Eats restaurant delivery to Instacart customers across the U.S. Customers can now order from hundreds of thousands of restaurants through the Instacart app, alongside groceries. Instacart+ members will enjoy $0 delivery on grocery and restaurant orders over $35.

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Instacart (Nasdaq: CART) partners with ROFDA wholesalers to launch online retail media networks powered by Carrot Ads solution, benefiting over 2,250 stores. This collaboration aims to enhance advertising capabilities for local independent grocers and strengthen partnerships with brand advertisers, ultimately boosting sales and profitability in the grocery industry.

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The Save Mart Companies and Instacart have announced an expanded partnership to offer innovative in-store and online solutions, enhancing the omnichannel shopping experience for customers. The collaboration includes the deployment of Instacart's Caper Carts, FoodStorm, and Storefront Pro at nearly 200 Save Mart, FoodMaxx, and Lucky locations. These solutions aim to improve customer engagement, personalize shopping experiences, and boost online presence, ultimately creating a seamless shopping journey for patrons.

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Instacart (NASDAQ: CART) will report its first quarter 2024 financial results on May 8, 2024. The Shareholder Letter will be available on the Investor Relations website. A conference call will be held to discuss the results.
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Instacart appoints Victoria Dolan, former CFO of Revlon, to its Board of Directors, as Jeff Jordan and Barry McCarthy retire. Dolan brings over 30 years of experience in CPG and retail industries, aiming to enhance technology solutions for partners.
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Instacart (CART) launches the Instacart Developer Platform (IDP), a new API program allowing third parties to integrate Instacart's online grocery platform into their websites and apps. IDP provides access to over a billion products from 85,000 stores, real-time store shelf information, and customizable meal planning features. The program aims to enhance full-service food, wellness, and lifestyle experiences by enabling seamless integration of Instacart's technology.
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FAQ

What is the current stock price of Maplebear (CART)?

The current stock price of Maplebear (CART) is $45.59 as of December 4, 2024.

What is the market cap of Maplebear (CART)?

The market cap of Maplebear (CART) is approximately 11.7B.

What is Instacart?

Instacart is a leading grocery delivery and pick-up service operating in the U.S. and Canada, allowing customers to shop for groceries online.

How does Instacart make money?

Instacart generates revenue through service fees, advertising, and premium memberships like Instacart+.

Who are Instacart's partners?

Instacart partners with over 1,500 national, regional, and local retail banners, including major grocery chains like Kroger, Food City, and Hy-Vee.

What is the Instacart+ membership?

Instacart+ offers benefits such as free delivery on orders over $35, 5% credit back on pickup orders, and reduced service fees for SNAP participants.

How does Instacart support SNAP benefits?

Instacart allows customers to use SNAP benefits for grocery shopping online, spanning over 14,000 stores and reaching 96% of SNAP households in the U.S.

What is Instacart Health?

Instacart Health provides tools to increase nutrition security and make healthier food choices easier for consumers to improve health outcomes.

What technology does Instacart use for grocery shopping?

Instacart employs technologies like Caper Carts, AI-powered smart carts, and Carrot Ads to enhance the shopping experience both online and in-store.

How many shoppers work for Instacart?

Instacart has approximately 600,000 shoppers who are classified as independent contractors.

How can I start shopping with Instacart?

You can start shopping by visiting Instacart’s website or downloading the mobile app, entering your location, selecting your store, and placing your order.

Where can I find Instacart's financial results?

Instacart’s financial results are available on their Investor Relations website at https://investors.instacart.com/.

Maplebear Inc.

Nasdaq:CART

CART Rankings

CART Stock Data

11.71B
221.88M
12.31%
70.86%
4.51%
Internet Retail
Services-business Services, Nec
Link
United States of America
SAN FRANCISCO