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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

JD Sports and Finish Line Partner With Instacart to Power Same-Day Delivery Across North America

Rhea-AI Summary
JD Sports (CART) partners with Instacart to offer same-day delivery from over 500 stores, providing customers with access to more than 16,000 products, including popular athletic footwear and apparel brands like Nike, Jordan, adidas, and Puma, delivered in as fast as an hour.
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Instacart Launches Third Annual Giving Tuesday Campaign To Support Partnership for a Healthier America with up to 1 Million Servings of Fruits and Vegetables

Rhea-AI Summary
Instacart (CART) partners with Core Hydration, Dole Packaged Foods, Mott's, and OLIPOP for its third annual Giving Tuesday campaign. For every customer dollar spent on select products, Instacart and the brands will donate 1 serving of fruits and vegetables to the Partnership for a Healthier America (PHA), aiming to collectively donate up to 1 million servings. The campaign supports underserved communities, aligning with PHA's mission to transform the food landscape and bring 10 million servings of produce to underserved communities by 2025.
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Instacart CFO to Participate in Fireside Chat Hosted by Barclays

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Maplebear Inc., known as Instacart (NASDAQ: CART), revealed that CFO Nick Giovanni will join a fireside chat at the Barclays Global Technology Conference on December 7 at 9:50 a.m. PT. The event's audio webcast will be accessible on Instacart's Investors Relations website.
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KIEHL'S PARTNERS WITH INSTACART FOR SAME-DAY SKIN AND HAIR CARE DELIVERY

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Kiehl's (NASDAQ: CART) partners with Instacart to offer same-day delivery from all 58 store locations across the U.S., expanding skincare and beauty offerings. Customers can access Kiehl's full lineup of products, including face moisturizers, serums, toners, shampoo, and conditioner, for delivery in as fast as an hour. The partnership aims to enhance the omnichannel strategy, providing easy access to products with helpful functions like auto-order feature. Kiehl's products are offered at in-store pricing on the Instacart App and website, allowing customers to enjoy the same great prices and exceptional Kiehl's experience they have when shopping in-store.
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Instacart Reimagines the Sell Sheet to Better Serve Retailers and Help Emerging Brands Grow

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Instacart (Nasdaq: CART) announced new digital discovery tools that leverage grocery insights to connect emerging brands with retailers. The tools enable retailers to easily search and discover sell sheets and brand profiles, helping them make smarter decisions when looking for new products to stock their shelves, better serving their customers while helping emerging brands grow in-store distribution.
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Instacart Spotlights Stress-Free Holiday Celebrations with New Brand Campaign

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Instacart (NASDAQ: CART) launches 'The Holiday Rescue App' campaign, reinforcing its position as a go-to partner for families during the holiday season. The campaign includes a nationwide sweepstakes for 52 lucky Instacart Shoppers to win free groceries for a year. Multiple CPG brand partners are activating within the campaign to inspire busy heads of household as they prepare for holiday festivities.
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Instacart Announces Third Quarter 2023 Financial Results

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Instacart (NASDAQ: CART) releases Q3 2023 financial results, available in Shareholder Letter. Conference call to be hosted at 1:30 p.m. PT.
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Sprouts Farmers Market Partners with Instacart's FoodStorm to Enhance Holiday Catering Services

Rhea-AI Summary
Sprouts Farmers Market and Instacart (NASDAQ: CART) have announced a new partnership to launch FoodStorm, Instacart's order management system, across all of Sprouts' 400+ locations. This partnership will streamline Sprouts' catering operations and modernize its holiday inventory management, allowing customers to pre-order holiday meals through its website, app, and in-store with FoodStorm's OMS.
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4.25%
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GEISSLER'S TO LAUNCH INSTACART'S SMART CARTS IN ALL STORES

Rhea-AI Summary
Geissler's Supermarkets partners with Instacart to replace traditional shopping carts with AI-powered Caper Carts. The smart carts use computer vision and AI to identify items, allowing customers to bag as they shop and pay from anywhere in the store. Customers can also access personalized promotions and savings through their loyalty accounts on the carts.
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Camping World Partners With Instacart to Power Same-Day Delivery Nationwide

Rhea-AI Summary
Camping World and Instacart partner to offer same-day delivery of camping and RV supplies from over 185 Camping World stores nationwide. Customers can now access nearly 1,800 products for delivery in as fast as an hour through the Instacart App and website.
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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/.

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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