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

Karooooo Ltd. (NASDAQ:KARO) has been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat.com reports. Two research 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 covered the stock in the last year is $58.25.

A number of brokerages recently commented on KARO. Weiss Ratings restated a “hold (c+)” rating on shares of Karooooo in a research note on Tuesday, January 13th. Wall Street Zen raised shares of Karooooo from a “hold” rating to a “buy” rating in a report on Saturday, December 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capricorn Fund Managers Ltd boosted its holdings in Karooooo by 7.9% during the second quarter. Capricorn Fund Managers Ltd now owns 154,756 shares of the company’s stock valued at $7,580,000 after purchasing an additional 11,286 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Karooooo by 50.1% during the 2nd quarter. Acadian Asset Management LLC now owns 69,705 shares of the company’s stock worth $3,391,000 after buying an additional 23,251 shares during the period. Geode Capital Management LLC boosted its stake in Karooooo by 56.6% in the 2nd quarter. Geode Capital Management LLC now owns 29,892 shares of the company’s stock valued at $1,464,000 after buying an additional 10,799 shares in the last quarter. Calamos Advisors LLC bought a new stake in Karooooo in the second quarter valued at $270,000. Finally, Fiera Capital Corp acquired a new position in Karooooo during the second quarter worth $5,878,000.

Karooooo Stock Up 8.5%

Shares of KARO opened at $49.85 on Monday. The company has a 50-day simple moving average of $45.71 and a 200-day simple moving average of $48.41. The firm has a market capitalization of $1.54 billion, a P/E ratio of 26.95 and a beta of 1.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.84. Karooooo has a 52 week low of $35.88 and a 52 week high of $63.36.

Karooooo (NASDAQ:KARO) last issued its quarterly earnings results on Tuesday, January 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. The firm had revenue of $82.34 million for the quarter, compared to analyst estimates of $79.04 million. Karooooo had a return on equity of 31.83% and a net margin of 19.45%.Karooooo has set its FY 2026 guidance at 1.876-2.049 EPS. On average, equities research analysts expect that Karooooo will post 1.57 earnings per share for the current year.

Karooooo Company Profile

Karooooo Ltd is a global provider of telematics software-as-a-service solutions for vehicle and fleet management. Through its flagship platform, the company delivers real-time GPS tracking, stolen vehicle recovery and driver behaviour analytics, enabling commercial fleets and automotive insurers to optimise operations, increase safety and reduce costs.

Karooooo’s SaaS platform integrates proprietary hardware devices with cloud-based analytics and mobile applications. Customers gain access to live vehicle location data, engine diagnostics, route planning tools and customizable reporting dashboards.