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Earnings To Watch: Instacart (CART) Reports Q2 Results Tomorrow

Online grocery delivery platform Instacart NASDAQ:CART will be reporting earnings this Thursday after market close. Here’s what to look for.Instacart beat analysts’ revenue expectations last quarter, reporting revenues of $1.02 billion, up 13.6% year on year. It was a strong quarter for the company…

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Why Instacart Thinks Its AI Knows Groceries Better Than Anyone Else

Instacart NASDAQ:CART fell 0.91% in premarket as Citizens reiterated a Market Outperform rating and $60 price target on the grocery delivery platform, representing roughly 24% upside from the current price of $48.39. Analyst Andrew Boone said Instacart's Carrot Ads return on ad spend should outperf…

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Why Instacart (CART) Shares Are Plunging Today

What Happened? Shares of online grocery delivery platform Instacart NASDAQ:CART fell 5.7% in the afternoon session after Kroger's announced $1.65 billion acquisition of Giant Eagle sparked concerns about increasing consolidation in the grocery sector.The transaction raised investor worries that a m…

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