Instacart rises on upbeat quarterly forecasts

Maplebear

06/08/2026 21:30

** Shares of online grocery delivery firm Instacart CART.O up 11% at $50.25 in extended trading
** Co forecast Q3 gross transaction value (GTV) and core profit above analysts' estimates as consumers choose convenience of online grocery deliveries 
** Expects third-quarter GTV, a key metric that shows the value of products sold based on prices shown on Instacart, to be between $10.30 billion and $10.55 billion, above analysts' average estimate of $10.21 billion, according to data compiled by LSEG
** Sees adjusted core profit in the range of $320 million to $340 million, versus estimate of $318.8 million
** Posts Q2 GTV of $10.35 billion, compared with estimate of $10.20 billion.
** Q2 adjusted core profit of $313 million surpasses analysts' expectations of $298 million.
** As of last close, stock marginally flat YTD

 (Reporting by Koyena Das from Bengaluru)
 ((Koyena.das@thomsonreuters.com))