Lumida
/CART
⌘K
Maplebear Inc

Maplebear Inc

CART
$45.82USD↓-0.89%-0.41 today

MARKET CAP

10.8B

P/E (TTM)

25.6x

FWD P/E

16.1x

DAY RANGE

$46 – $46

52W RANGE

$33
$54

AI Summary

Stalk
StalkMedium

CART is in a Stage 2 advancing uptrend with price above the rising 50 DMA but recent Bullish Exhaustion at a marginal high and rejection at the flattening 9/21 EMA zone have signaled weakening upside momentum. Medium-term bias remains bullish on intact higher-high/higher-low structure, yet execution is deferred until price pulls back into the rising EMA and 50 DMA support zone and shows clear acceptance.

  • ↑GTV reached $10.29B (+13% YoY) while revenue rose 14% to $1.02B.
  • ↑Net income surged 36% YoY to $144M, indicating improving margins.
  • ↓Rising operational costs and moderated publisher fees may compress margins.
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The case for & against

Bull & Bear analysis

Bullish

Instacart, Inc. (NASDAQ: CART) is a leading grocery technology platform specializing in online grocery delivery and e-commerce solutions. The company connects consumers with a vast range of grocery and household products through its partnerships with numerous retailers, positioning itself in the rapidly evolving grocery technology space. Instacart is well entrenched, serving 98% of North American households, benefiting from the increasing digitization of grocery shopping and changing consumer preferences towards convenience and affordability.

Bull says

  • ↑GTV reached $10.29B (+13% YoY) while revenue rose 14% to $1.02B.
  • ↑Net income surged 36% YoY to $144M, indicating improving margins.
  • ↑Completed $349M in repurchases; board approved an extra $1B buyback.
  • ↑Advertising revenue climbed 16% YoY to $286M; guiding 11–14% growth.
  • ↑AI investments accelerate retailer onboarding and operational scale.
  • ↑Strong liquidity and attractive earnings yield support growth investments.

Bear says

  • ↓Rising operational costs and moderated publisher fees may compress margins.
  • ↓Book-to-price appears high, suggesting possible overvaluation risk.
  • ↓Aggressive competition from Amazon and DoorDash pressures market share.
  • ↓Potential regulatory wage hikes for delivery workers could raise costs.
  • ↓Instacart Plus engagement is crucial; smaller basket trends may erode loyalty.
  • ↓Weak recent price momentum and elevated volatility may deter investors.

Investment themes with CART

Travel & Leisure↑ +0.20%

Consumer travel services and hospitality experiences

EXPE · ABNB · MAR
eTailing↑ +0.56%

Online retail and e-commerce platforms

FIGS · LQDT · CVNA
Food Products↑ +1.00%

ADM · CTVA · KR

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-08-2026bullish

Transcript signals

Bull points

  • We entered 2026 with strong momentum, and our Q1 results clearly demonstrate that our focus and investments across our key growth engines and new initiatives are working.
  • In Q1, GTV was $10.29 billion, up 13% year over year, primarily driven by orders of $91.2 million, up 10% year over year.
  • Transaction revenue was $733 million, up 13% year-over-year, representing 7.1% of GTD.

Bear points

  • The year-over-year decrease in GAAP gross profit as a percent of GTD was primarily driven by an increase in cost of revenue, as payments to publishers scale with the expansion of carrot ads and off-platform partnerships.
  • As a reminder, we expect year-over-year growth in payments to publishers to moderate in 2026 compared to 2025.
  • both down 10% year-over-year, primarily due to the collection of a large accounts receivable balance from a retailer that benefited cash flow in Q1 2025 and the payment of $60 million in regulatory settlements made in Q1 2026.
Read full transcript analysis ›