Wall Street Zen Downgrades Karooooo (NASDAQ:KARO) to Hold

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

Several other equities analysts have also issued reports on the stock. Weiss Ratings raised shares of Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 27th. Roth Mkm began coverage on Karooooo in a research note on Tuesday, February 17th. They set a “buy” rating and a $62.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Karooooo has an average rating of “Moderate Buy” and an average target price of $59.00.

Karooooo Stock Down 2.5%

Karooooo stock opened at $45.69 on Friday. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 24.70 and a beta of 1.07. The company’s 50 day simple moving average is $47.47 and its 200 day simple moving average is $48.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.84 and a quick ratio of 0.84. Karooooo has a fifty-two week low of $35.88 and a fifty-two week high of $63.36.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its stake in 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 buying an additional 494 shares in the last quarter. Murphy & Mullick Capital Management Corp increased its position 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 acquiring an additional 650 shares in the last quarter. Copeland Capital Management LLC bought a new stake in shares of Karooooo during the third quarter worth $76,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Karooooo during the fourth quarter worth $80,000. Finally, Royal Bank of Canada raised its holdings 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 acquiring an additional 2,644 shares during the period.

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.