Key Stats for Instacart Stock
- Price Change for Instacart stock: 1.60%
- $CART Share Price as of Nov. 10: $37.33
- 52-Week High: $53.50
- $CART Stock Price Target: $54.81
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What Happened?
Instacart (CART) stock climbed 1.6% on Monday after the grocery delivery platform beat Wall Street’s expectations for its third quarter and delivered stronger-than-expected guidance.
The company reported earnings per share of $0.51 versus the $0.50 analysts expected, while revenue jumped 10% year-over-year to $939 million, slightly above the $933 million estimate.
More importantly, gross transaction value—which tracks the total value of goods sold through the platform—grew 10% to $9.17 billion, topping estimates.
Orders increased 14% to 83.4 million, showing healthy demand despite growing competition in the grocery delivery space.
This was also the first earnings report under new CEO Chris Rogers, who took over the role earlier this year after spending six years building many of Instacart’s key partnerships and capabilities.
In his first shareholder letter, Rogers emphasized three strategic priorities: making grocery delivery more affordable, expanding enterprise solutions for retail partners, and building out an AI-powered advertising ecosystem.
The company also raised its fourth-quarter guidance, forecasting a gross transaction value between $9.45 billion and $9.6 billion—a figure ahead of the $9.48 billion Wall Street had expected.
However, Instacart acknowledged potential headwinds from SNAP benefit disruptions tied to the ongoing government shutdown, which could affect lower-income customers who rely on the service.
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What the Market Is Telling Us About Instacart Stock
The positive reaction to Instacart stock reflects investor confidence in the company’s ability to navigate an increasingly crowded market.
Competition is heating up fast as Amazon launched same-day fresh food delivery this summer and plans to reach 2,300 markets by year-end. DoorDash also expanded its partnership with Kroger in September, and these moves have raised concerns about potential market share losses.
But Rogers pushed back against those worries during Monday’s earnings call. He pointed to Kroger’s decision last week to expand its agreement with Instacart as proof that the company’s deep retail partnerships remain strong.
Rather than losing ground, Instacart is positioning itself as an essential technology partner for grocers—not just another marketplace.
Instacart’s enterprise platform, which powers over 350 retailer e-commerce storefronts and provides advertising technology to more than 240 partner websites, is a key differentiator.
Rogers called it “one of the most underappreciated parts” of the business. This platform is helping Instacart diversify revenue beyond delivery fees and grow its advertising ecosystem, which has already generated over $1 billion in the past 12 months.
Instacart is also leveraging AI to stay ahead and has recently launched new AI-powered tools for grocers, including a shopping assistant that offers personalized product recommendations. These innovations could help drive customer retention and increase order frequency over time.
To underscore management’s confidence, Instacart increased its share buyback program by $1.5 billion and announced an accelerated repurchase of $250 million, a strong signal that leadership believes Instacart stock is undervalued at current levels.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
