Karooooo (NASDAQ:KARO) Stock Rating Lowered by Wall Street Zen

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

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

Karooooo Price Performance

KARO stock opened at $46.28 on Friday. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 25.02 and a beta of 1.07. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06. Karooooo has a 52-week low of $35.88 and a 52-week high of $63.36. The stock’s fifty day simple moving average is $47.47 and its 200-day simple moving average is $48.12.

Karooooo (NASDAQ:KARO) last released 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. Karooooo had a return on equity of 31.83% and a net margin of 19.45%.The firm had revenue of $82.34 million during the quarter, compared to analyst estimates of $79.04 million. Karooooo has set its FY 2026 guidance at 1.876-2.049 EPS. Equities research analysts expect that Karooooo will post 1.57 EPS for the current year.

Institutional Trading of Karooooo

A number of institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in Karooooo by 159.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 804 shares of the company’s stock worth $46,000 after purchasing an additional 494 shares in the last quarter. Murphy & Mullick Capital Management Corp lifted its position in Karooooo by 260.0% during the third quarter. Murphy & Mullick Capital Management Corp now owns 900 shares of the company’s stock valued at $51,000 after buying an additional 650 shares in the last quarter. Copeland Capital Management LLC acquired a new position in Karooooo during the third quarter valued at approximately $76,000. Fideuram Asset Management Ireland dac purchased a new stake in Karooooo during the fourth quarter worth approximately $80,000. Finally, Royal Bank of Canada increased its position in shares of Karooooo by 852.9% in 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 in the last quarter.

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.