Instacart (Maplebear) (CART) Stock

Here is how Maplebear (CART) and Brinker International (EAT) have performed compared to their sector so far this year.

New tool designed to help reduce barriers to access, expands the SNAP resources available on Instacart SAN FRANCISCO , Nov. 21, 2024 /PRNewswire/ --  Instacart  (NASDAQ: CART), the leading online grocery delivery platform in North America, today announced a new Supplemental Nutrition Access Program (SNAP) eligibility screener available on Instacart's EBT SNAP information page . The new tool, powered by Advocatia Solutions, Inc. , lets people nationwide quickly and anonymously check whether they may be eligible for SNAP benefits in less than 60 seconds and easily find relevant state resources to streamline enrollment.

Maplebear Inc. NASDAQ: CART is best known as Instacart, the world's largest online grocery marketplace with a network exceeding 80,000 stores. While you may have believed it was just a food delivery app like DoorDash Inc. NASDAQ: DASH or Uber Eats (owned by Uber Technologies Inc. NYSE: UBER), it's evolved into much more.

Shares of Instacart, trading under the name of its parent, Maplebear (CART), tumbled Wednesday, after the grocery delivery service issued soft guidance, noting that one of its partners was hit with an internet outage.

Customers can now use Caper Carts, Instacart's AI-powered smart carts, to shop at Geissler's Supermarkets across Connecticut and Massachusetts Geissler's Supermarkets is the first grocer to replace a majority of its traditional shopping carts with Caper Carts SAN FRANCISCO and EAST WINDSOR, Conn. , Nov. 13, 2024 /PRNewswire/ -- Geissler's Supermarkets, a seven-store Independent Grocers Alliance (IGA, Inc) retailer with locations in Connecticut and Massachusetts, and Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced the rollout of Caper Carts, Instacart's AI-powered smart carts, to all seven Geissler's locations across Connecticut and Massachusetts.

Maplebear Inc. (NASDAQ:CART ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Rebecca Yoshiyama - Vice President, Investor Relations, Capital Markets and Security Fidji Simo - Chief Executive Officer Emily Reuter - Chief Financial Officer Conference Call Participants Eric Sheridan - Goldman Sachs Ron Josey - Citi Sebastian Colin - Baird Ross Sandler - Barclays Justin Post - Bank of America Jason Helfstein - Oppenheimer Brian Nowak - Morgan Stanley Doug Anmuth - JPMorgan Nikhil Devnani - Bernstein Shweta Khajuria - Wolfe Research Andrew Boone - JMP Securities Ross Compton - Macquarie Operator Good day and thank you for standing by. Welcome to Instacart's Third Quarter 2024 Financial Results Conference Call.

The headline numbers for Maplebear (CART) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Maplebear (CART) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to loss of $20.86 per share a year ago.

ALDI, Gelson's, and Hornbacher's Among New Grocers Leveraging Carrot Tags SAN FRANCISCO , Nov. 7, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced that new grocers are connecting their electronic shelf labels (ESL) hardware to Carrot Tags ' pick to light functionality. Carrot Tags is Instacart's software solution that seamlessly integrates into a retailer's electronic shelf labels (ESL) hardware to enable incremental functionality, including pick to light capabilities.