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

Karooooo Ltd. (NASDAQ:KARO) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $58.25.

Several analysts have commented on the stock. Weiss Ratings initiated coverage on shares of Karooooo in a research note on Thursday, October 16th. They set a “hold (c+)” rating for the company. Wall Street Zen raised shares of Karooooo from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Zacks Research lowered shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th.

Institutional Investors Weigh In On Karooooo

Several hedge funds have recently modified their holdings of the company. Telemark Asset Management LLC acquired a new position in shares of Karooooo during the 2nd quarter worth about $11,028,000. Fiera Capital Corp purchased a new stake in Karooooo during the 2nd quarter worth approximately $5,878,000. Marshall Wace LLP increased its stake in Karooooo by 699.1% during the 2nd quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock worth $2,723,000 after buying an additional 48,644 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Karooooo by 115.4% during the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock valued at $4,234,000 after acquiring an additional 39,709 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Karooooo in the second quarter valued at approximately $1,378,000.

Karooooo Price Performance

NASDAQ KARO opened at $44.58 on Thursday. The firm’s fifty day simple moving average is $45.32 and its two-hundred day simple moving average is $48.69. The firm has a market capitalization of $1.38 billion, a P/E ratio of 24.91 and a beta of 1.06. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.08. Karooooo has a 12-month low of $35.88 and a 12-month high of $63.36.

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