Karooooo (NASDAQ:KARO) Downgraded to “Hold” Rating by Wall Street Zen

Karooooo (NASDAQ:KARO) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other analysts also recently weighed in on KARO. Weiss Ratings upgraded shares of Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Roth Mkm started coverage on shares of Karooooo in a research note on Tuesday. They issued a “buy” rating and a $62.00 price objective for the company. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Karooooo presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Karooooo Trading Up 2.4%

KARO opened at $45.49 on Friday. 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 one year low of $35.88 and a one year high of $63.36. The company has a market cap of $1.41 billion, a P/E ratio of 24.59 and a beta of 1.07. The business’s 50-day simple moving average is $47.26 and its 200-day simple moving average is $48.46.

Karooooo (NASDAQ:KARO) last posted its earnings results on Tuesday, January 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03. The firm had revenue of $82.34 million during the quarter, compared to analysts’ expectations 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. As a group, equities research analysts expect that Karooooo will post 1.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Karooooo

A number of institutional investors and hedge funds have recently made changes to their positions in KARO. Jones Financial Companies Lllp boosted its stake in shares of Karooooo by 159.4% during the third quarter. Jones Financial Companies Lllp now owns 804 shares of the company’s stock worth $46,000 after buying an additional 494 shares during the period. Murphy & Mullick Capital Management Corp lifted its position in Karooooo by 260.0% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 900 shares of the company’s stock worth $51,000 after acquiring an additional 650 shares during the period. Copeland Capital Management LLC purchased a new position in shares of Karooooo in the 3rd quarter valued at approximately $76,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Karooooo in the fourth quarter valued at approximately $80,000. Finally, Royal Bank of Canada raised its stake in shares of Karooooo by 852.9% during the fourth quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock worth $135,000 after purchasing an additional 2,644 shares during the last quarter.

About Karooooo

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.