Maplebear Inc., the parent company of Instacart, saw its shares climb to a 52-week high of $51.07 on Tuesday, closing at $51.03—a gain of 13.21% over the past year.
The stock is now just 1% below its annual peak, with a market capitalization of $11.73 billion. Over the last six months, CART has surged 39.78%, reflecting a broader trend of investor optimism toward the grocery delivery platform.
Instacart’s second-quarter financial results, released alongside the stock milestone, showed revenue rising 14% year-over-year to $1.04 billion. Gross transaction value increased by the same margin, reaching $10.35 billion, while adjusted EBITDA grew 19% to $313 million. Free cash flow more than doubled, climbing 156% to $480 million, driven by higher average order values and a 16% increase in advertising revenue.
Analysts have responded with mixed but largely positive outlooks. Needham raised its price target to $63 with a Buy rating, while BofA Securities set its target at $52, maintaining a Neutral stance. Wolfe Research kept its Peerperform rating, citing Instacart’s strategy to prioritize EBITDA growth over gross transaction value through fiscal 2026.
The stock’s recent performance underscores investor confidence in Instacart’s ability to sustain profitability amid competitive pressures in the grocery delivery sector.
