Instacart (NASDAQ: CART) reported third-quarter 2026 revenue of $1.095 billion, up 17% year over year, and GAAP net income of $147 million, up 2%. Gross transaction value increased 15% to $10.528 billion.
The company also said it entered a definitive agreement to be acquired by DoorDash in a cash-and-stock transaction valuing Instacart at approximately $17 billion in equity value.
- Basic earnings per share were $0.62, while diluted earnings per share were $0.60.
- Orders rose 10% year over year to 91.4 million.
- Advertising and other revenue increased 23% to $331 million.
- GAAP gross profit rose 14% to $786 million.
- Operating cash flow totaled $324 million, and the company repurchased $230 million in shares.
- Instacart canceled its November 5 earnings conference call and suspended financial guidance during the pending transaction.
$CART Insider Trading Activity
$CART insiders have traded $CART stock on the open market 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 have been sales.
Here’s a breakdown of recent trading of $CART stock by insiders over the last 6 months:
- RAVI GUPTA has made 0 purchases and 2 sales selling 331,000 shares for an estimated $15,105,386.
- EMILY REUTER (CHIEF FINANCIAL OFFICER) has made 0 purchases and 2 sales selling 75,000 shares for an estimated $4,000,222.
- CHRIS ROGERS (President and CEO) has made 0 purchases and 5 sales selling 69,157 shares for an estimated $3,743,992.
- MORGAN FONG (Chief Legal Officer) has made 0 purchases and 7 sales selling 73,560 shares for an estimated $3,499,380.
- MARY BETH LAUGHTON sold 10,236 shares for an estimated $515,150
- LISA BLACKWOOD-KAPRAL (Chief Accounting Officer) has made 0 purchases and 3 sales selling 9,049 shares for an estimated $435,255.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CART Hedge Fund Activity
We have seen 242 institutional investors add shares of $CART stock to their portfolio, and 232 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- LSV ASSET MANAGEMENT added 3,786,818 shares (+506.9%) to their portfolio in Q2 2026, for an estimated $179,305,832
- MORGAN STANLEY added 2,365,398 shares (+127.6%) to their portfolio in Q2 2026, for an estimated $112,001,595
- FMR LLC removed 2,157,863 shares (-35.8%) from their portfolio in Q2 2026, for an estimated $102,174,813
- IMPACTIVE CAPITAL LP removed 1,573,012 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $74,482,118
- SCHONFELD STRATEGIC ADVISORS LLC added 1,543,098 shares (+2274.6%) to their portfolio in Q2 2026, for an estimated $73,065,690
- HOLOCENE ADVISORS, LP removed 1,382,927 shares (-35.4%) from their portfolio in Q2 2026, for an estimated $65,481,593
- CAPITAL IMPACT ADVISORS, LLC removed 1,359,107 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $64,353,716
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
