Instacart parent company Maplebear Inc ( CART ) reported financial results for the second quarter after the market close on Thursday. Here’s an overview of the delivery aggregator’s report.

Q2 Revenue: $914 million, versus estimates of $896.91 million

Q2 EPS: 41 cents, versus estimates of 39 cents

CART is posting impressive gains in the latest session. Check the price action here.

Maplebear ( CART ) said orders increased 17% year-over-year to 82.7 million in the second quarter as total revenue increased 11% and gross transaction value rose 11% year-over-year to $9.08 billion.

The company ended the quarter with approximately $1.28 billion in total cash and cash equivalents.

“Our strategy is working: we're accelerating online grocery adoption by creating better customer experiences, deepening retailer partnerships, and leveraging our data in innovative ways — all while expanding profitability,” the company said in a letter to shareholders.

“Our unique scale and advantages allow us to build grocery technologies with partners in ways that competitors simply can't match, and have us well-positioned to lead as AI transforms how people make decisions and manage their daily lives.”

Outlook: The Instacart parent expects third-quarter gross transaction value to be in the range of $9 billion to $9.15 billion. The company anticipates third-quarter adjusted EBITDA of $260 million to $270 million.

“The opportunity ahead is enormous, and we’re still only just beginning,” the company said.

CART Price Action: Maplebear ( CART ) shares were up 8.42% in after-hours, trading at $53.55 at the time of publication on Thursday, according to Benzinga Pro.

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