Karooooo Ltd. (NASDAQ:KARO) Receives $58.25 Average PT from Analysts

Karooooo Ltd. (NASDAQ:KARO) has been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $58.25.

A number of research firms have recently issued reports on KARO. Wall Street Zen upgraded shares of Karooooo from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Karooooo in a report on Tuesday, January 13th.

Institutional Trading of Karooooo

Large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted 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 valued at $46,000 after buying an additional 494 shares during the period. Murphy & Mullick Capital Management Corp lifted its stake in shares of 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 purchasing an additional 650 shares during the period. Copeland Capital Management LLC acquired a new stake in shares of Karooooo during the third quarter worth $76,000. Quantbot Technologies LP purchased a new stake in shares of Karooooo in the second quarter valued at $156,000. Finally, New York State Common Retirement Fund increased its stake in Karooooo by 465.6% in the second quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock valued at $160,000 after purchasing an additional 2,682 shares during the last quarter.

Karooooo Stock Up 0.1%

KARO opened at $50.35 on Monday. 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 12 month low of $35.88 and a 12 month high of $63.36. The stock has a market capitalization of $1.56 billion, a P/E ratio of 27.22 and a beta of 1.06. The business has a 50 day simple moving average of $46.20 and a 200-day simple moving average of $48.44.

Karooooo (NASDAQ:KARO) last released its quarterly earnings data on Tuesday, January 20th. The company reported $0.49 earnings per share (EPS) 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. On average, equities analysts anticipate that Karooooo will post 1.57 earnings per share for the current fiscal year.

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.