Karooooo Ltd. (NASDAQ:KARO) Given Average Recommendation of “Moderate Buy” by Analysts

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

A number of equities analysts recently commented on KARO shares. Raymond James Financial restated an “outperform” rating and set a $60.00 target price (up previously from $58.00) on shares of Karooooo in a report on Thursday, July 24th. Zacks Research lowered shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. Weiss Ratings began coverage on shares of Karooooo in a research report on Thursday, October 16th. They issued a “hold (c+)” rating for the company. Wall Street Zen cut shares of Karooooo from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, UBS Group initiated coverage on shares of Karooooo in a report on Friday, August 29th. They issued a “buy” rating and a $60.00 price objective for the company.

Institutional Investors Weigh In On Karooooo

Several hedge funds have recently made changes to their positions in KARO. Jones Financial Companies Lllp grew its stake in Karooooo by 159.4% in the third quarter. Jones Financial Companies Lllp now owns 804 shares of the company’s stock worth $46,000 after purchasing an additional 494 shares during the period. Murphy & Mullick Capital Management Corp boosted its holdings 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 valued at $51,000 after buying an additional 650 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in shares of Karooooo in the 3rd quarter worth about $76,000. Quantbot Technologies LP bought a new position in shares of Karooooo in the 2nd quarter worth about $156,000. Finally, New York State Common Retirement Fund lifted its position in Karooooo by 465.6% during the 2nd quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock valued at $160,000 after acquiring an additional 2,682 shares during the period.

Karooooo Stock Performance

Karooooo stock opened at $42.42 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.31 billion, a P/E ratio of 23.70 and a beta of 1.06. Karooooo has a 1-year low of $35.88 and a 1-year high of $63.36. The firm has a 50-day moving average of $50.23 and a 200-day moving average of $50.08.

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

Karooooo Company Profile

Karooooo Ltd. provides mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States. The company offers Fleet Telematics, a fleet management SaaS platform that provides real-time insights; LiveVision, which offers pro-active risk management and fleet visibility; MiFleet advanced fleet administration and business intelligence that provides cost management and administration capability services; and Karooooo Logistics, a software application for management of last mile delivery and general operational logistics.