Karooooo Ltd. (NASDAQ:KARO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Karooooo Ltd. (NASDAQ:KARO) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $58.25.

Several analysts recently commented on KARO shares. Weiss Ratings assumed coverage on shares of Karooooo in a research note on Thursday, October 16th. They issued a “hold (c+)” rating for the company. Zacks Research downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 11th. Wall Street Zen cut Karooooo from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Raymond James Financial reaffirmed an “outperform” rating and set a $60.00 price objective (up from $58.00) on shares of Karooooo in a report on Thursday, July 24th. Finally, UBS Group started coverage on Karooooo in a research report on Friday, August 29th. They set a “buy” rating and a $60.00 target price on the stock.

Hedge Funds Weigh In On Karooooo

Several hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its holdings in shares of Karooooo by 159.4% in the third quarter. Jones Financial Companies Lllp now owns 804 shares of the company’s stock valued at $46,000 after purchasing an additional 494 shares in the last quarter. Murphy & Mullick Capital Management Corp grew its holdings in shares of Karooooo by 260.0% during the third quarter. Murphy & Mullick Capital Management Corp now owns 900 shares of the company’s stock worth $51,000 after buying an additional 650 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in shares of Karooooo during the third quarter worth about $76,000. Quantbot Technologies LP acquired a new position in shares of Karooooo in the second quarter valued at approximately $156,000. Finally, New York State Common Retirement Fund lifted its stake in shares of Karooooo by 465.6% during the second quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock valued at $160,000 after buying an additional 2,682 shares during the period.

Karooooo Stock Performance

Shares of KARO stock opened at $45.04 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $50.71 and a 200-day simple moving average of $50.10. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 25.16 and a beta of 1.06. Karooooo has a 12-month low of $35.88 and a 12-month high of $63.36.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Karooooo had a return on equity of 31.64% and a net margin of 19.90%.The firm had revenue of $76.16 million for the quarter, compared to analyst estimates of $73.45 million. Karooooo has set its FY 2026 guidance at 1.830-2.000 EPS. On average, equities analysts forecast that Karooooo will post 1.57 EPS for the current year.

About Karooooo

Karooooo Ltd. provides mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States. The company offers Fleet Telematics, a fleet management SaaS platform that provides real-time insights; LiveVision, which offers pro-active risk management and fleet visibility; MiFleet advanced fleet administration and business intelligence that provides cost management and administration capability services; and Karooooo Logistics, a software application for management of last mile delivery and general operational logistics.