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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 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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Instacart to Report Fourth Quarter and Full Year 2023 Financial Results on February 13, 2024

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Instacart (NASDAQ: CART) will report its Q4 and full year 2023 financial results on February 13, 2024. The Shareholder Letter will be available on the Investor Relations website. The company will host a conference call to discuss the results. IPO lock-up and market stand-off agreements will terminate on February 15, 2024.
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DispatchHealth and Instacart Partner to Tackle Food Insecurity through Healthcare

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DispatchHealth and Instacart (NASDAQ: CART) are collaborating to address the issue of food insecurity in healthcare. Using Instacart Health technology, DispatchHealth's in-home providers can now prescribe food interventions as easily as traditional medications, marking a significant step forward in battling the substantial impact of food insecurity on healthcare costs. Recent data estimates food insecurity adds nearly $52 billion in annual expenditure. This collaboration aims to empower patients to address nutritional needs as part of their overall health and wellness.
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INSTACART AND MILITARY FAMILY ADVISORY NETWORK PARTNER TO PROVIDE NUTRITIOUS FOOD AND FREE GROCERY DELIVERY TO MILITARY FAMILIES FOLLOWING BASE TRANSITION

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Instacart (NASDAQ: CART) and Military Family Advisory Network (MFAN) have announced a new partnership to provide free groceries and delivery to military families following relocation to U.S. Army Fort Cavazos in Texas. The program will support over 100 families with $100 in monthly Instacart Health Fresh Funds stipends for three months, aiming to ease the transition and resettlement process. This initiative is part of Instacart's work under its Instacart Health initiative, aiming to fight nutrition insecurity and inspire healthy choices.
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Instacart Delivers Google Shopping Ads for Its CPG Partners, Powered by Its Retail Media Data

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Instacart (Nasdaq: CART) partners with Google to expand Google Shopping ads for CPG brands, including Danone's Oikos, Kraft Heinz's Kraft, Lunchables, Oscar Mayer, and Philadelphia, and Publicis Media's clients. The move leverages Instacart's retail media data to reach high-intent consumers on Google, driving same-day delivery purchases. The growth of US digital retail media ad spend is expected to double from $46 billion in 2023 to an estimated $109 billion in 2027, making it larger than connected TV, digital audio, and linear TV combined.
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Instacart Unveils Ads on Its AI-Powered Smart Carts

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Instacart (Nasdaq: CART) expands advertising solutions to Caper Carts, allowing CPG brands to advertise in-store, creating a new revenue opportunity for retailers. Del Monte Foods, Dreyer's Grand Ice Cream, and General Mills are among the first partners to leverage ads on Caper Carts, offering personalized and dynamic recommendations to customers. The advertising opportunity aims to connect brands and retailers directly with customers in the aisles, providing new product recommendations and seasonal promotions. Instacart plans to deploy thousands of Caper Carts by the end of 2024.
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Fairway Market Launches 30-Minute Delivery Service Powered by Instacart

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Instacart (Nasdaq: CART) and Fairway Market launch 'Fairway Now' for fast store-to-door grocery and essential delivery in as fast as 30 minutes
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INSTACART DRIVES OVER 231,000 GROCERY RETAIL JOBS, MORE THAN $15 BILLION IN SHOPPER EARNINGS, NEW ECONOMIC REPORT SHOWS

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Instacart (NASDAQ: CART) released the first-ever Instacart Economic Impact Report, revealing that the company has added over 231,000 grocery jobs and nearly $8 billion in incremental revenue for the U.S. grocery industry. Instacart shoppers earned over $15 billion and customers saved more than 700 million hours. The report also shows that Instacart's growing advertising business has helped over 5,500 brand partners achieve a 15% incremental revenue lift.
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Instacart, Partnership for a Healthier America, Building Bridges Across the River, and Martha's Table Launch New Program to help Washington, DC Families Access More Fruits and Vegetables

Rhea-AI Summary
Instacart (Nasdaq: CART) partners with PHA, Building Bridges Across the River, and Martha's Table to launch the Good Food at Home program in Washington, DC. The program aims to provide 500 families in Wards 7 and 8 with a $60 monthly stipend to buy fresh produce on Instacart, along with free grocery delivery. The initiative is part of a larger commitment to bring 10 million servings of produce to nutrition-insecure families across the U.S. over the next three years. Instacart Health Fresh Funds will be provided for three consecutive months to purchase fresh fruits and vegetables through Instacart, along with a 4-month complimentary Instacart+ membership. The program also includes a cooking demonstration and campus tour at the Building Bridges' Town Hall Education Arts Recreation Campus (THEARC). The program has already been successful in Indianapolis, with 78% of participant's families building healthier habits.
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Instacart Unlocks Alcohol Delivery in New Jersey For the First Time Ever

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Instacart (NASDAQ: CART) partners with Wegmans and all independently owned Wegmans Wine, Liquor & Beer locations to offer alcohol delivery across New Jersey in as fast as an hour. Customers can order alcohol delivery in as fast as an hour or scheduled days in advance via the Instacart App and website and the Wegmans App and website. Instacart is proud to now power alcohol delivery and pickup across 28 states plus Washington, D.C.
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FAQ

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

The current stock price of Maplebear (CART) is $42.02 as of December 20, 2024.

What is the market cap of Maplebear (CART)?

The market cap of Maplebear (CART) is approximately 10.8B.

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

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

CART Stock Data

10.78B
221.88M
12.31%
70.86%
4.51%
Internet Retail
Services-business Services, Nec
Link
United States of America
SAN FRANCISCO