Hey you stock guys...Analysis on CART

Overnight

Overnight

(Instacart)

So now that I am thick in the weeds on the operational side of this dogpile of a company, I looked into CART's 10-Q they filed after going public in September of last year. I don't have the experience to glean any meaningful info on how to make an informed decision about whether to invest in a company's stock, and am wondering if you guys could take a gander at the bits of their report to determine if they are about to pop.

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This POS was founded by 2-3 millenials from India or some shit, back in 2015. It currently has a millennial from France as both CEO and Chairman, who was the first in her family to graduate from high school or something. Da FUQ.

I can pontificate on that later, but I want to get to the meat of this company.

Here are the bits I found intriguing in their filing...

loss.JPG


loss1.JPG


Those two bits are one-off charges because of those stock payouts once they went public in September.

The GAAP-revenue is very intriguing in it's delta...

ebidtaadj.JPG


That is a heady increase!

But where I lose my shit on trying to figure anything out is this beyond-stupid paragraph of the statement...

GTV.JPG


GTV means absolutely DICK. That is the same thing as, say, someone on this forum saying they traded 10,000,000 NAV of stock in a year.

The PA of this stock is a fallen-over hockey stick, and is basically at it's all-time low, +/- a few dimes. If we can look beyond all of that, and looking past this one-time stock compensation charge, does this stock look to you guys like a stock that can bounce in the next 6 months, based on all the numbers MINUS that 2.6 billion one-time charge?

(Also note, they have something like 1.8 billion in cash. I cannot find the SS of that. Is having all that cash a good thing, considering that their long-term debt obligations seem nowhere near that level?)

Here's the EDGAR filing for reference...

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001579091/000157909123000013/cart-20230930.htm
 
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Seems like they should be due for an earnings report real soon. I'd wait for that and see how the stock reacts afterwords. I suck at trying to tear apart all that spread sheet stuff.
 
tomkat22 said:
Seems like they should be due for an earnings report real soon. I'd wait for that and see how the stock reacts afterwords. I suck at trying to tear apart all that spread sheet stuff.
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Yeah, I am guessing their next 10-Q would be end of this month for their Q4 earnings. I'm just hoping one of the stock gurus could give a precis of what they see in that current filing.
 
People are getting lazier with each passing year so outfits like Instacart should do well going forward. I seen where even Walmart is experimenting with a drone delivery service now for people who are too lazy to even drive their fat ass to the Walmart parking lot where one of their grunts will load your Root Beer and Cheesy Poofs into your car.
 
Buy at 22.5 bottom of range but 1/3 of your total amount you want. Chart won't help you except that it is not at the IPO high. How much lower is unknown. But usually IPOs bottom out at some point after enough shares trade and all the Angel investors, VCs, A shares, B shares and C shares holders, do what they want, which should be by now.
 
Just another shitty company financed by free ZIRP money. Everyone here in the bay area knows the exit plan of these worthless companies was to sell to a large tech company which can absorb losses. That game is over now and that's why these companies only go one direction -- down.

The problem with all these companies there is a just grow revenue at any price motto but they never pay attention to profitability because that's someone else's problem aka the suckers that buy it.

It is popular with well to do crowd in the bay area. Where I live my neighbors are always getting deliveries from Instacart, Door Dash, etc.
 
CART_GAAP.JPG
I looked at the GAAP earnings report for the quarters before they went public and they were profitable but in the IPO quarter their SGA & RnD expenses skyrocketed 8X. I don't know if the expenses will linger but most likely it will.

I remember the company I worked in 1994 went public and we had to hire a ton of people to satisfy compliance. Our HR department went form 1 to like 7 people. As an aside the company I worked at was forced to go public after Robert Maxwell's "suicide." The Maxwell-McMillan empire was just a mirage and in reality they were basically bankrupt. Robert Maxwell was the father of Ghislaine Maxwell.
 
nitrene said:
Just another shitty company financed by free ZIRP money. Everyone here in the bay area knows the exit plan of these worthless companies was to sell to a large tech company which can absorb losses. That game is over now and that's why these companies only go one direction -- down.

The problem with all these companies there is a just grow revenue at any price motto but they never pay attention to profitability because that's someone else's problem aka the suckers that buy it.

It is popular with well to do crowd in the bay area. Where I live my neighbors are always getting deliveries from Instacart, Door Dash, etc.
More...
I'd give you 2 likes on the above if I could.
Not as a commentary on Insta-Cart (I have never looked at it... and what you wrote is exactly why I haven't) , but just your first paragraph alone get 2 likes.
 
nitrene said:
Where I live my neighbors are always getting deliveries from Instacart, Door Dash, etc.
More...
Where I live, they are getting rolled by freezing cold (recent U.S. arrivals) that are hungry af and have no homes to go to.. And tbh... I'd do the same thing if I was hungry and homeless. Think about it.

Either way, I know there is "nothing new under the sun", but make no mistake... we are living in a very interesting moment of time.
-->2024.
 
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