MW Instacart stock falls as profit forecast comes up short
By Bill Peters
Shares of Instacart fell after hours on Tuesday, after the grocery delivery app's forecast for its preferred measure of profit came in below expectations.
The company said it expects adjusted Ebitda - or earnings before interest, taxes, depreciation and amortization - of $220 million to $230 million for the period. Analysts polled by FactSet were expecting $237.3 million.
Shares of Instacart's parent company, Maplebear Inc., $(CART)$ fell 8.5% after hours on Tuesday.
However, the company said it expects gross transaction value - a key demand metric and a measure of the value of products sold on its platform - to be between $9 billion and $9.15 billion for the first quarter. That was above estimates for $8.99 billion.
This is a developing story. Check back for updates.
-Bill Peters
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February 25, 2025 16:38 ET (21:38 GMT)
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