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MarketBeat
MarketBeat
Jea Yu

Instacart: Is it Time to Back Up the Cart on the Stock?

CART Instacart DoorDash GTV

Despite firmly beating consensus estimates, the retail/wholesale sector company's shares took a 12% tumble after reporting its third-quarter 2024 earnings due to conservative guidance for the upcoming quarter. Investors might consider the sell-off an early Christmas present and buy shares on the pullbacks.   

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