Instacart Taps Uber Vet for CFO Job as Revenue Beats Estimates [BNN Bloomberg (Canada)]
Maplebear Inc. (CART)
US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4715924
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Source: BNN Bloomberg
Emily Reuter, who joined Instacart as vice president of finance six months ago, will take on the new role this week, Instacart said in a statement. Giovanni, who helped shepherd Instacart through its initial public offering last year, is retiring after three years at the company. Reuter was previously head of corporate finance at Uber, which operates a similar gig economy marketplace and only became full-year profitable for the first time in 2023. Instacart, which trades as Maplebear Inc., reported first-quarter revenue and gross transaction value that surpassed analysts' expectations, as the company said it was able to fulfill more orders when winter storms fueled customer demand for its delivery services of groceries and essential items. Instacart reported revenue from transactions, advertising and other enterprise products of $820 million, beating the average analyst forecast of $794.5 million. Gross transaction value jumped 11% to $8.32 billion, also beating Bloomberg-compile
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CART
News
- Here's how much more chocolate lovers in NYC are paying for the treat than the rest of the country [Yahoo! Finance]Yahoo! Finance
- Maplebear Inc. (NASDAQ: CART) had its price target raised by analysts at Loop Capital from $46.00 to $49.00. They now have a "buy" rating on the stock.MarketBeat
- GrubMarket buys Butter to give its food distribution tech an AI boost [Yahoo! Finance]Yahoo! Finance
- Actor and model Angie Harmon is suing Instacart and a former shopper who killed her dog—'I think Instacart is beyond responsible for all of this' [Fortune]Fortune
- Maplebear (CART) Loses -9.63% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner [Yahoo! Finance]Yahoo! Finance
CART
Earnings
- 5/8/24 - Beat
CART
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- CART's page on the SEC website