Instacart jumps after upbeat Q1 forecasts, Q4 results

Maplebear

13/02/2026 13:03

** Shares of online grocery delivery firm Instacart CART.O, formally known as Maplebear, up ~12% at $37.31 premarket

** On Thursday, co forecast current-quarter gross transaction value (GTV) and core profit above estimates

** Expects Q1 GTV in the range of $10.13 billion to $10.28 billion, vs. analysts' estimates of $9.95 billion - data compiled by LSEG

** Expects Q1 adjusted EBITDA between $280 million and $290 million, vs. estimates of $279.5 million

** Beats Q4 estimates on strong demand for essentials and rising advertising revenue

** Brokerage Needham raises PT to $55 from $50

**  Despite AMZN, UBER and DASH increasing competition on grocery delivery, the overall market appears to be growing and CART is holding its competitive position on large baskets -  Needham

** 18 of 36 brokerages rate the stock "buy" or "higher", 16 "hold" and 2 "sell"; their median PT is $49

** Stock rose nearly 9% in 2025

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))