Instacart Posts Record Q3 as $17B DoorDash Deal Freezes Guidance
CART sits 87% above its 52-week low of $32.73.
Summary
Instacart reported record Q3 results (GTV $10.5B, revenue $1.1B, Adjusted EBITDA $342M) while suspending guidance and cancelling its earnings call because of the pending ~$17 billion DoorDash acquisition.
Key Events · Earnings and Guidance · CART
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Record Q3 Results Reported
GTV rose 15% YoY to $10,528M, total revenue rose 17% to $1,095M, and Adjusted EBITDA rose 23% to $342M; GAAP net income was $147M.
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Guidance Suspended, Call Cancelled
Instacart cancelled its November 5, 2026 earnings call and suspended financial guidance, withdrawing previously issued long-term guidance due to the pending DoorDash deal.
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DoorDash Deal Values Company at ~$17B
A definitive cash-and-stock agreement with DoorDash values Instacart at roughly $17 billion in equity value; closing requires regulatory and stockholder approvals.
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Buybacks and Cash Position
The company repurchased $230M of shares in Q3 and ended the quarter with $1 billion in cash and similar assets.
Analysis · CART · Trade & Services
Instacart's Q3 was its strongest quarter as a public company — GTV up 15% to $10.5B, revenue up 17% to $1.1B, Adjusted EBITDA up 23% to $342M — but the numbers are now largely academic. The same-day $17 billion DoorDash agreement means the stock will trade on deal spread and regulatory approval, not on operating results. The company cancelled its November 5 earnings call and withdrew long-term guidance, standard behavior while a merger is pending. What matters for holders now is deal completion risk: regulatory and stockholder approvals, and the termination-fee exposure flagged in the filing's risk language.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 39.1% of the 988 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CART was trading at $61.25 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $13.5B. The 52-week trading range was $32.73 to $62.00. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.