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

Wall Street Zen downgraded shares of Karooooo (NASDAQ:KARO) from a buy rating to a hold rating in a research report released on Saturday.

A number of other equities research analysts have also issued reports on the company. Weiss Ratings upgraded Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 27th. Roth Mkm initiated coverage on Karooooo in a research report on Tuesday. They set a “buy” rating and a $62.00 target price for the company. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Karooooo has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Karooooo Price Performance

NASDAQ KARO opened at $45.49 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06. Karooooo has a 12 month low of $35.88 and a 12 month high of $63.36. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 24.59 and a beta of 1.07. The company’s 50 day moving average is $47.26 and its two-hundred day moving average is $48.48.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings data on Tuesday, January 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 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, research analysts anticipate that Karooooo will post 1.57 earnings per share for the current year.

Institutional Investors Weigh In On Karooooo

A number of hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC increased its stake in Karooooo by 50.1% in the 2nd quarter. Acadian Asset Management LLC now owns 69,705 shares of the company’s stock worth $3,391,000 after acquiring an additional 23,251 shares during the last quarter. Fiera Capital Corp bought a new stake in Karooooo in the second quarter worth $5,878,000. Capricorn Fund Managers Ltd increased its position in Karooooo by 10.3% in the third quarter. Capricorn Fund Managers Ltd now owns 170,756 shares of the company’s stock worth $9,754,000 after purchasing an additional 16,000 shares during the last quarter. Telemark Asset Management LLC purchased a new stake in Karooooo during the second quarter valued at $11,028,000. Finally, Bullseye Asset Management LLC bought a new position in Karooooo during the second quarter valued at $688,000.

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.