Maplebear Inc. (NASDAQ:CART) reported Q4 earnings, beating revenue estimates with $992 million in revenue and $0.3 EPS. Shares rose more than 13% after the announcement. The firm also repurchased $1.1 billion in shares during the quarter. On February 10, Maplebear Inc. entered a strategic partnership with Toast to expand its presence among U.S. restaurants and retailers. The agreement allows Toast’s retail customers to connect their in-store inventory directly to Instacart’s marketplace, creating new sales opportunities. Instacart will serve as a supply partner for Toast-powered restaurants, providing same-day delivery within an hour. Benchmark lowered its price target on Maplebear Inc. (NASDAQ:CART) from $60 to $53, but still holds a favorable outlook on the stock. Maplebear Inc. operates as Instacart, providing online grocery shopping services across North America, with software-as-a-service solutions and advertising services.

Read more at Yahoo Finance.: Strategic Partnership And Strong Earnings Boost Maplebear (CART) Stock