Karooooo (NASDAQ:KARO) Updates FY 2027 Earnings Guidance

Karooooo (NASDAQ:KARO) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.334-2.425 for the period, compared to the consensus earnings per share estimate of 2.370. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC boosted their price target on Karooooo from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group lowered their target price on shares of Karooooo from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Karooooo in a research report on Friday, April 24th. Zacks Research upgraded shares of Karooooo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Wall Street Zen cut shares of Karooooo from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $63.25.

Karooooo Stock Performance

Karooooo stock traded up $0.68 during trading hours on Wednesday, hitting $58.58. 308,178 shares of the stock traded hands, compared to its average volume of 73,971. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.05. The firm’s 50 day moving average price is $49.43 and its 200-day moving average price is $48.51. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 31.66 and a beta of 0.89. Karooooo has a 1 year low of $41.25 and a 1 year high of $60.53.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings data on Wednesday, July 15th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. Karooooo had a return on equity of 31.26% and a net margin of 18.07%.The business had revenue of $96.26 million for the quarter. Karooooo has set its FY 2027 guidance at 2.334-2.425 EPS. As a group, equities analysts expect that Karooooo will post 2.37 EPS for the current fiscal year.

Karooooo Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, July 27th. Investors of record on Friday, July 17th will be issued a $1.50 dividend. This is a boost from Karooooo’s previous annual dividend of $1.25. The ex-dividend date is Friday, July 17th. This represents a yield of 347.0%. Karooooo’s dividend payout ratio is currently 67.57%.

Institutional Trading of Karooooo

Several large investors have recently made changes to their positions in the business. Marshall Wace LLP lifted its position in Karooooo by 699.1% during the second quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock valued at $2,723,000 after purchasing an additional 48,644 shares during the period. Two Sigma Investments LP boosted its holdings in Karooooo by 115.4% in the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock valued at $4,234,000 after purchasing an additional 39,709 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Karooooo during the 2nd quarter worth about $1,378,000. Raymond James Financial Inc. grew its position in Karooooo by 7,327.7% during the 3rd quarter. Raymond James Financial Inc. now owns 27,631 shares of the company’s stock worth $1,578,000 after purchasing an additional 27,259 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Karooooo by 514.8% during the 3rd quarter. Bank of America Corp DE now owns 31,357 shares of the company’s stock valued at $1,791,000 after buying an additional 26,257 shares during 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.