Instacart vs. DoorDash - Which is the Better Investment Today? (Pt.2)
Summary
* Despite slower growth, CART offers stronger gross margins, a higher ROIC, and significant retail media monetization potential, making its current valuation appear deeply discounted relative to DASH.
* While DASH is priced for sustained growth and margin expansion, CART’s vertical control, ad infrastructure, and AI roadmap suggest asymmetric upside if it executes on innovation and reaccelerates growth.
* DASH may also be undervalued despite its higher multiple, with stronger top-lin
