Maplebear Inc. (NASDAQ:CART), commonly known as Instacart, hasn’t seen its stock perform well since going public in September. However, it looks like investors are missing the big picture. Instacart operates an online grocery delivery platform, and online grocery shopping is a growing industry in which Instacart is a major player (CART generated $3 billion in revenue in the past year). It’s a sound business that is growing, undervalued, and cash-flow positive. Thus, we’re bullish on CART stock.