How to Buy Instacart Stock
Instacart
Maplebear Inc. , doing business as Instacart, provides online grocery shopping services to households in North America.
Instacart stock last closed at $34.94, down 3.19% from the previous day, and has decreased N/A in one year. It has underperformed other stocks in the Internet Retail industry by N/A percentage points. Instacart stock is currently +57.89% from its 52-week low of $22.13, and -18.65% from its 52-week high of $42.95.
There are currently 264.7M shares of CART outstanding. The market cap of CART is $9.25B. In the last 24 hours, 5.66M CART shares were traded.
How to Buy Instacart Stock
Wondering how to invest in Instacart stock? Here's how.
- Figure out where to buy Instacart stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Instacart stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your payment method and add your details.
- Evaluate Instacart stock: The Instacart ticker symbol is CART. Is Instacart stock a good investment? Should you buy shares of CART? How do CART's underlying business fundamentals look? Do top analysts think Instacart is a good buy? Why has CART's stock price moved recently? (Hint: Our stock market analysis website can help you decide if CART is a good stock to buy).
- Execute your CART trade: Decide if you will purchase CART shares at the current market price or use a limit order to purchase CART shares at a specific price.
- Watch your CART position: Create a watchlist to key updates about your investment in Instacart stock.
Step 1: Figure out where to buy Instacart stock
You need an online brokerage account to access the NASDAQ market and buy CART shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
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- Social investing: eToro boasts a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal info so you are able to buy CART today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open your new brokerage account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've opened your account on the highest rated app to buy and sell stocks, you need to deposit funds:
Watch the video below for more details depositing money into your investment account.
Step 4: Evaluate Instacart stock
Once you have decided on the best place to buy Instacart stock, it's very important to research their stock before you invest, so you truly understand the risk as well as the opportunity.
Instacart stock data
Instacart Overview
WallStreetZen was created to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on CART's stock page.
What is the fair value of CART stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge CART's intrinsic value.
Using relative valuations measures:
- CART could be undervalued based on its P/B ratio of 2.94x, relative to Internet Retail industry P/B ratio of 5.89x
You can access additional valuation research on CART's stock here.
CART Financial Overview
Signs that CART is financially healthy:
- There are more short-term assets than short-term liabilities on the CART balance sheet.
- There are more short-term assets than long-term liabilities on the CART balance sheet.
- CART has a low debt to equity ratio of 0.25.
Do analysts think it's a good time to buy CART stock
Out of 17 Wall Street analysts who give ratings on CART, the consensus analyst rating on Instacart is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest CART Analyst Upgrades/Downgrades
Thomas Champion, a bottom 6% analyst from Piper Sandler reiterates CART with a strong buy rating and raises their CART price target from $45.00 to $47.00, on May 9, 2024.
Brian Nowak, a top 5% analyst from Morgan Stanley maintains CART with a hold rating and raises their CART price target from $28.00 to $40.00, on May 6, 2024.
Jason Helfstein, a top 2% analyst from Oppenheimer maintains CART with a buy rating and raises their CART price target from $36.00 to $48.00, on Apr 29, 2024.
Rob Sanderson, a top 18% analyst from Loop Capital initiates coverage on CART with a strong buy rating and announces their CART price target of $46.00, on Apr 19, 2024.
Michael Morton, a top 30% analyst from Moffett Nathanson reiterates CART with a hold rating and raises their CART price target from $36.00 to $37.00, on Apr 11, 2024.
You can dig deeper into what analysts are saying on the Instacart stock forecast page.
CART Technicals
Latest Insiders Trades at CART
In the last year, executives and large shareholders at CART have bought more shares than they have sold.
Alan Ramsay, CHIEF ACCOUNTING OFFICER of CART, was the latest CART insider to sell. They sold $425,000.02 worth of CART stock on May 1, 2024.
Get more info about who owns CART shares here.
Does CART stock generate passive income?
No, Instacart doesn't provide an income stream by paying out dividends.
CART Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your CART trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount, place a limit order.
Hit the Open Trade button and your broker will place your order.
If you need more help with buying stocks on eToro, watch the how to video below:
Step 6: Watch your CART position
Now that you own some CART stock, you'll want to stay up-to-date on your shares.
Put CART on a watchlist to keep tabs on your CART stock.
CART Feed
How to Buy Stock in Instacart
To reiterate, here are the 6 steps for buying Instacart stock:
- Figure out where to buy Instacart stock
- Create a brokerage account
- Fund your brokerage account
- Evaluate Instacart stock
- Execute your CART trade
- Watch your CART position
If you need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Instacart, create a watchlist today.
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