William Blair Brokers Raise Earnings Estimates for Karooooo

Karooooo Ltd. (NASDAQ:KARO) – William Blair raised their Q1 2026 earnings per share estimates for Karooooo in a note issued to investors on Thursday, May 15th. William Blair analyst D. Becker now anticipates that the company will post earnings per share of $0.42 for the quarter, up from their prior estimate of $0.38. The consensus estimate for Karooooo’s current full-year earnings is $1.57 per share. William Blair also issued estimates for Karooooo’s Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.45 EPS, Q4 2026 earnings at $0.48 EPS, FY2026 earnings at $1.79 EPS, Q1 2027 earnings at $0.50 EPS, Q2 2027 earnings at $0.51 EPS, Q3 2027 earnings at $0.56 EPS and Q4 2027 earnings at $0.59 EPS.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. The firm had revenue of $65.12 million for the quarter, compared to analysts’ expectations of $1.18 billion. Karooooo had a return on equity of 30.29% and a net margin of 19.87%. During the same period last year, the firm earned $6.81 earnings per share.

Separately, Raymond James raised their price objective on shares of Karooooo from $51.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday.

Karooooo Stock Performance

Karooooo stock opened at $54.48 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $42.14 and a 200-day moving average of $43.99. The firm has a market cap of $1.68 billion, a P/E ratio of 34.92 and a beta of 1.03. Karooooo has a 1-year low of $25.80 and a 1-year high of $55.00.

Institutional Investors Weigh In On Karooooo

Large investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund bought a new stake in Karooooo in the 4th quarter worth approximately $26,000. BNP Paribas Financial Markets bought a new stake in Karooooo in the 4th quarter worth approximately $210,000. Lazard Asset Management LLC grew its position in Karooooo by 17.5% in the 4th quarter. Lazard Asset Management LLC now owns 4,961 shares of the company’s stock worth $223,000 after purchasing an additional 740 shares during the period. Nipun Capital L.P. bought a new stake in Karooooo in the 1st quarter worth approximately $242,000. Finally, Northern Trust Corp bought a new stake in Karooooo in the 4th quarter worth approximately $340,000.

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.