Instacart delivered strong second-quarter results. Gross transaction value and revenue rose 14%, advertising rose 16%, and adjusted EBITDA rose 19%. Continued customer growth, improving fulfillment, and stronger monetization are encouraging, though competitive risks are unchanged.
Instacart’s first-mover advantage in grocery delivery has allowed it to build an extensive multisided network with massive geographical coverage and over 1,800 retail partnerships.
The grocery delivery market is highly competitive, and Instacart faces disadvantages in scale, distribution, and diversification compared with Uber, DoorDash, Amazon, and Walmart.
|
Metric
|
CART
|
UBER
|
DHER
|
|---|---|---|---|
Price/Earnings (Normalized) | 23.90 | 30.08 | 42.08 |
Price/Book Value | 4.90 | 5.67 | 6.75 |
Price/Sales | 3.23 | 2.87 | 0.79 |
Price/Cash Flow | 10.74 | 17.79 | 37.82 |
|
Metric
|
CART
|
UBER
|
DHER
|
|---|---|---|---|
Quick Ratio | 1.97 | 0.65 | 0.80 |
Current Ratio | 2.28 | 0.84 | 0.96 |
Interest Coverage | — | 13.87 | −0.48 |
|
Metric
|
CART
|
UBER
|
DHER
|
|---|---|---|---|
Return on Assets (Normalized) | 20.36% | 18.21% | 3.10% |
Return on Equity (Normalized) | 28.68% | 43.04% | 16.22% |
Return on Invested Capital (Normalized) | 27.26% | 27.39% | 8.11% |
|
1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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United States