Instacart (CART) Stock Trades Up, Here Is Why
Instacart (NASDAQ: CART) shares rose 12.3% after the company reported Q2 results. Revenue increased 14.1% year over year to $1.04 billion, beating estimates. GAAP EPS of $0.45 missed, but adjusted EBITDA was $313 million versus $297.8 million consensus, and free cash flow margin reached 46%.




