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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.

News

INSTACART APPOINTS VICTORIA DOLAN TO BOARD OF DIRECTORS

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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 TO POWER THE NEXT GENERATION OF INTERACTIVE FOOD EXPERIENCES WITH INTRODUCTION OF THE INSTACART DEVELOPER PLATFORM

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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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Instacart and Associated Wholesale Grocers Expand Access to E-Commerce Solutions and Introduce Smart Carts to Local Independent Grocers

Rhea-AI Summary
Instacart (CART) and Associated Wholesale Grocers (AWG) announce an expanded partnership to offer e-commerce and same-day delivery solutions, including AI-powered smart carts, to member retailers. This collaboration simplifies access for 2,300 additional member retailer locations to join Instacart's technology suite, enhancing the online shopping and delivery experience for customers.
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Instacart Earns Media Rating Council Accreditation

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Instacart (CART) receives MRC accreditation for impression, click, and viewability metrics, providing brands with trusted metrics for retail media. The accreditation marks Instacart as one of the first grocery tech companies to achieve this recognition, showcasing its commitment to transparency and delivering results that advertisers can rely on.
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Instacart Announces New Group of Regional Grocers Using Instacart Storefront

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Instacart (Nasdaq: CART) announces new retailers, Canseco's Market, Harps Foods, and Price Chopper, joining over 600 grocers using Instacart Storefront for e-commerce. Instacart Storefront offers easy online setup with catalog services, marketing campaigns, and quick deployment, enabling same-day delivery, pickup, and flexible fulfillment options.
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Quest Diagnostics and Instacart Collaborate to Reduce Food Insecurity Across the United States with Integrated Patient Health Coaching and Nutritious Grocery Delivery

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Pack Health, a Quest Diagnostics company, collaborates with Instacart to provide grocery delivery services to individuals in coaching programs, addressing social determinants of health. The partnership aims to improve food access and healthy eating habits for underserved communities, offering nutrition education, coaching, and fresh food delivery. This initiative combines Instacart's reach and technology with Pack Health's expertise in patient engagement, providing a comprehensive nutrition solution for health plan members.
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Instacart Announces Fourth Quarter and Full Year 2023 Financial Results

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Instacart (CART) announces financial results for Q4 and full year 2023, with a conference call scheduled for today.
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Instacart and Hy-Vee Partner to Meet Growing Demand for Same-Day Delivery

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Hy-Vee, Inc. has expanded its partnership with Instacart (NASDAQ: CART) to integrate Instacart's Fulfillment as a Service (FaaS) for same-day delivery into its owned and operated websites and apps. This partnership aims to increase order fulfillment, expand delivery options, and optimize services for customers. Instacart's FaaS offering provides flexible options, including full-service order fulfillment, pickup, or delivery-only services, empowering retailers to offer seamless and personalized shopping experiences. The technology partner Upshop facilitated the integration of FaaS into Hy-Vee's e-commerce operations, providing the flexibility to utilize Instacart for same-day fulfillment to meet escalating demand.
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Instacart and HHS Launch Public-Private Partnership to Scale Food as Medicine Programs and Improve Health Outcomes Across the United States

Rhea-AI Summary
Instacart (Nasdaq: CART) has announced a new public-private partnership with the U.S. Department of Health and Human Services (HHS) to support and scale food as medicine interventions. The partnership aims to increase access to nutritious food and improve health outcomes and equity across the United States. HHS Secretary Xavier Becerra expressed excitement about the collaboration and highlighted their shared priorities of engaging the public in understanding food as medicine and expanding successful programs to more eligible Americans. The partnership focuses on advancing food as medicine research, identifying implementation strategies, optimizing communication, and developing new approaches to scale successful programs.
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Instacart Expands Online SNAP Acceptance to Reach 96% of SNAP Households Nationwide with Same-day Grocery Delivery

Rhea-AI Summary
Instacart (NASDAQ: CART) has expanded its retail partnerships to allow SNAP recipients to shop online for groceries from more than 170 retail banners across more than 14,000 stores, reaching 96% of SNAP households in the U.S. Research shows that online grocery shopping offers significant advantages for low-income households, including SNAP families, by helping them extend food budgets, maximize time savings, and reduce stress. Instacart also offers a discounted Instacart+ membership for SNAP participants, providing access to same-day delivery and pickup from over 1,400 retail banners across the country.
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FAQ

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

The current stock price of Maplebear (CART) is $44.64 as of November 4, 2024.

What is the market cap of Maplebear (CART)?

The market cap of Maplebear (CART) is approximately 11.5B.

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/.

Stock CART logo
Maplebear Inc.

Nasdaq:CART

CART Rankings

#786 Ranked by Market Cap
N/A Ranked by Dividends

CART Stock Data

11.48B
257.11M
11.95%
69.03%
4.38%
Internet Retail
Services-business Services, Nec
Link
United States of America
SAN FRANCISCO