CompetitionCompetitive pressures have increased, with CART facing challenges from scaled competitors that offer cheaper options and fast-growing peers forming new partnerships.
Market PositionAmazon is clearly making a bigger push into grocery, which raises questions competitively about CART and likely keeps the stock/multiple in limbo near-term.
Pricing ChallengesCART may face pricing challenges, as studies indicate a ~30% price premium for delivery compared to in-store options, making it less competitive against rivals like WMT and AMZN.