Karooooo (KARO) Expected to Announce Earnings on Wednesday

Karooooo (NASDAQ:KARO) is projected to announce its Q1 2027 results after the market closes on Wednesday, July 15th. Analysts expect Karooooo to announce earnings of $0.51 per share and revenue of $92.11 million for the quarter. Parties can check the company’s upcoming Q1 2027 earning report for the latest details on the call scheduled for Thursday, July 16, 2026 at 8:00 AM ET.

Karooooo (NASDAQ:KARO) last issued its earnings results on Tuesday, April 14th. The company reported $0.45 EPS for the quarter. Karooooo had a net margin of 18.07% and a return on equity of 31.26%. The company had revenue of $90.93 million during the quarter. On average, analysts expect Karooooo to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Karooooo Stock Performance

Shares of Karooooo stock opened at $58.09 on Friday. The company has a 50 day moving average of $48.95 and a 200-day moving average of $48.29. Karooooo has a 1-year low of $41.25 and a 1-year high of $60.53. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.79 billion, a PE ratio of 31.40 and a beta of 0.89.

Karooooo Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, July 17th will be given a dividend of $1.50 per share. This is an increase from Karooooo’s previous annual dividend of $1.25. This represents a yield of 347.0%. The ex-dividend date is Friday, July 17th. Karooooo’s dividend payout ratio (DPR) is presently 67.57%.

Institutional Trading of Karooooo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC grew its stake in shares of Karooooo by 7.5% during the third quarter. Lazard Asset Management LLC now owns 6,139 shares of the company’s stock worth $351,000 after buying an additional 430 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Karooooo by 17.2% in the 2nd quarter. Bank of America Corp DE now owns 5,100 shares of the company’s stock valued at $250,000 after acquiring an additional 750 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Karooooo by 22.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,195 shares of the company’s stock valued at $354,000 after acquiring an additional 1,150 shares in the last quarter. State of Tennessee Department of Treasury boosted its holdings in shares of Karooooo by 11.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 12,347 shares of the company’s stock valued at $618,000 after acquiring an additional 1,242 shares in the last quarter. Finally, State Street Corp grew its position in Karooooo by 25.9% during the 4th quarter. State Street Corp now owns 8,738 shares of the company’s stock worth $398,000 after acquiring an additional 1,798 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KARO. Wall Street Zen cut Karooooo from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Needham & Company LLC reiterated a “buy” rating on shares of Karooooo in a research note on Wednesday, June 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Karooooo in a report on Friday, April 24th. Roth Capital restated a “buy” rating and set a $68.00 price objective on shares of Karooooo in a research report on Thursday, May 14th. Finally, Zacks Research raised Karooooo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $60.75.

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.