Instacart (Maplebear Inc) ($CART) Stock Forecast: Down 6.3% Today

What is Instacart (Maplebear Inc)?

Maplebear Inc. (CART) is a company listed on the NASDAQ stock exchange. The company recently reported its third-quarter financial results, exceeding revenue and earnings per share (EPS) expectations.

Why is Instacart (Maplebear Inc) going down?

CART stock is down 6.3% on Nov 13, 2024 14:41

• Today's bearish movement in Maplebear Inc. (CART) stock can be attributed to several factors:
• Despite beating revenue and EPS estimates in the third quarter, investors may have been disappointed with the company's performance in other key metrics.
• The failure to file earnings for the quarter ended September 2024 by a company in the same sector could have raised concerns about the overall industry performance, impacting Maplebear's stock negatively.
• The bullish stance taken by large investors on Maplebear could have led to profit-taking by individual investors, causing a temporary dip in the stock price.
• Overall market sentiment, with U.S. stock futures lower and the Dow futures falling, might have added to the downward pressure on Maplebear's stock today.

CART Price Chart

CART Technical Analysis

CART News

Spirit Airlines, Groupon, ZoomInfo Technologies And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session - Spirit Airlines ( NYSE:SAVE )

U.S. stock futures were lower this morning, with the Dow futures falling around 100 points on Wednesday. Shares of Spirit Airlines, Inc. SAVE fell sharply in today's pre-market trading after the company failed to file its earnings for the quarter ended September 2024.

https://www.benzinga.com/24/11/41938796/spirit-airlines-groupon-zoominfo-technologies-and-other-big-stocks-moving-lower-in-wednesdays-pre-market-session

Why Is Instacart Parent Maplebear Stock Sliding Today? - Maplebear ( NASDAQ:CART )

Maplebear Inc CART shares are trading lower in premarket Wednesday after the company reported third-quarter financial results. Revenue of $852.0 million exceeded the consensus of $844.1 million. EPS of 42 cents exceeded the consensus of 22 cents.

https://www.benzinga.com/news/earnings/24/11/41938001/why-is-instacart-parent-maplebear-stock-sliding-today

Maplebear ( CART ) Q3 Earnings and Revenues Beat Estimates

Maplebear (CART) delivered earnings and revenue surprises of 90.91% and 0.81%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2369216/maplebear-cart-q3-earnings-and-revenues-beat-estimates

Is Maplebear Inc. ( CART ) Stock Outpacing Its Retail-Wholesale Peers This Year?

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

https://www.zacks.com/stock/news/2366407/is-maplebear-inc-cart-stock-outpacing-its-retail-wholesale-peers-this-year

This Is What Whales Are Betting On Maplebear - Maplebear ( NASDAQ:CART )

Investors with a lot of money to spend have taken a bullish stance on Maplebear CART. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/11/41784897/this-is-what-whales-are-betting-on-maplebear

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Instacart (Maplebear Inc) Price History

18.08.2024 - CART Stock was up 5.1%

• CART's stock saw a strong bullish movement today, potentially outpacing its peers in the business services sector.
• The positive market sentiment towards CART could be due to the comparison with its peers like AppLovin, indicating a favorable performance.
• Additionally, the overall bullish market movement could be influenced by the positive news surrounding WEX stock, highlighting the benefits of acquisitions, network growth, and new partnerships in the sector.
• The market might be reacting positively to CART's potential for growth and competitive edge in the industry, fueled by its performance compared to peers and the overall sector outlook.

25.05.2024 - CART Stock was up 5.1%

• The surge in Maplebear (CART) stock's value might be linked to the positive sentiment in the options market, implying that options traders could possess insider insights or a favorable perspective on the company's future prospects.
• The anticipated growth potential of the transportation industry has likely boosted investor confidence in Maplebear (CART) stock, given its promising outlook for the future.
• Investors seem to view Maplebear (CART) as a compelling contender in the transportation sector, particularly amidst the industry's challenges this year like supply chain disruptions and labor shortages, positioning it as an attractive choice for potential long-term growth.

23.07.2024 - CART Stock was up 5.0%

• The recent uptick in CART's stock price is believed to stem from optimistic outlooks provided by market analysts, who predict a substantial rise in the stock value.
• The consensus among analysts in revising upward their earnings forecasts likely instilled confidence in investors, prompting the positive movement in CART's stock.
• With an eye on Maplebear's potential growth, investors appear to be pushing the stock price higher, leveraging the anticipated upside highlighted by analysts.

13.10.2024 - CART Stock was down 6.3%

• Today's bearish movement in Maplebear Inc. (CART) stock can be attributed to several factors:
• Despite beating revenue and EPS estimates in the third quarter, investors may have been disappointed with the company's performance in other key metrics.
• The failure to file earnings for the quarter ended September 2024 by a company in the same sector could have raised concerns about the overall industry performance, impacting Maplebear's stock negatively.
• The bullish stance taken by large investors on Maplebear could have led to profit-taking by individual investors, causing a temporary dip in the stock price.
• Overall market sentiment, with U.S. stock futures lower and the Dow futures falling, might have added to the downward pressure on Maplebear's stock today.

07.09.2024 - CART Stock was up 5.1%

• The bullish movement in CART could be attributed to positive market sentiment towards business services stocks.
• Byrna Technologies Inc. (BYRN) may be lagging behind CART, potentially leading investors to shift their focus and investments towards CART.
• This shift in focus towards CART within the sector could have contributed to the strong bullish movement observed in the stock today.

13.10.2024 - CART Stock was down 6.3%

• Despite surpassing revenue and EPS estimates, Maplebear Inc. (CART) witnessed significant downward movement in the market.
• The stock declined in pre-market trading post the earnings announcement, indicating potentially elevated investor expectations.
• The absence of earnings filing by Spirit Airlines for the quarter ended September 2024 could have contributed to negative sentiment in the sector, impacting Maplebear Inc. (CART).
• The optimistic position of investors with substantial funds in Maplebear (CART) may hint that the bearish trend today could be a short-term market response rather than an assessment of the company's long-term potential.

22.09.2024 - CART Stock was up 5.0%

• CART experienced a strong bullish movement today, possibly driven by positive investor sentiment towards the e-commerce sector.
• The comparison with BABA might have sparked interest in CART, leading to increased buying activity.
• Investors may see CART as a promising investment opportunity compared to other stocks in the same sector, contributing to its bullish movement today.

07.10.2024 - CART Stock was up 5.2%

• The bullish movement in CART today could be attributed to the positive outlook on its earnings growth, as investors anticipate a potential beat in the upcoming report.
• The bullish stance taken by whales on Maplebear (CART) as indicated in the options history may have also contributed to the stock's upward momentum.
• The comparison with other stocks like Alibaba (BABA) in terms of value might have highlighted CART as a more attractive option for investors, further boosting its bullish movement.

03.06.2024 - CART Stock was up 5.0%

• Instacart's partnership with Wakefern Food Corp. to expand AI-powered Caper Carts in ShopRite stores is seen as a move that could have boosted investor confidence in CART stock.
• The introduction of smart shopping carts with interactive screens and real-time budget management is viewed as a signal for increased customer engagement and revenue potential for Instacart.
• Maintaining an Overweight rating on Instacart shares based on first-quarter results is believed to have further fueled positive sentiment and contributed to the bullish movement in CART stock.

16.06.2024 - CART Stock was up 5.5%

• Instacart's stock (CART) experienced a strong bullish movement today.
• The partnership between Taboola and Apple to power native advertising within Apple News and Apple Stocks apps could have positively impacted Instacart's stock as it indicates potential growth in advertising revenue for digital platforms.
• The upcoming financial results announcement by Instacart for the second quarter of 2024 might have generated positive investor sentiment, leading to the bullish movement in the stock.
• The overall trend of increased demand for food delivery services, as highlighted by gig delivery workers experiencing lower pay but customers willing to pay premiums, could have contributed to the positive market movement for Instacart.

01.07.2024 - CART Stock was down 5.1%

• The bearish movement in CART could be attributed to profit-taking by investors after a recent surge in the token's value.
• The positive news of Instacart expanding its partnership with Albertsons for same-day delivery services may have diverted investor attention away from CART, leading to a sell-off.
• The overall bullish sentiment in the market, as seen in the 2.64% jump in the Nasdaq Composite, may have prompted investors to reallocate their funds from CART to other potentially more lucrative opportunities.

07.07.2024 - CART Stock was up 6.0%

• The expansion of smart Caper Carts to Europe with Aldi South Group shows Instacart's strategic move to tap into new markets and increase its customer base.
• The better-than-expected sales and earnings outlook from Instacart highlights a strong user base and potential growth in the grocery-delivery business.
• Maplebear's Q2 financial results, with revenue and earnings outperforming expectations, have fueled a bullish movement in the stock. Investors are responding favorably to the company's consistent execution and robust guidance for the future.