Karooooo Ltd. (NASDAQ:KARO) Receives Average Rating of “Moderate Buy” from Brokerages

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

A number of research analysts have recently weighed in on the company. Zacks Research downgraded Karooooo from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. UBS Group started coverage on Karooooo in a research report on Friday, August 29th. They set a “buy” rating and a $60.00 price objective for the company. Weiss Ratings started coverage on Karooooo in a research note on Thursday, October 16th. They set a “hold (c+)” rating on the stock. Finally, Wall Street Zen raised shares of Karooooo from a “hold” rating to a “buy” rating in a research report on Saturday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC grew its stake in shares of Karooooo by 7.5% in the 3rd quarter. Lazard Asset Management LLC now owns 6,139 shares of the company’s stock valued at $351,000 after buying an additional 430 shares in the last quarter. Jones Financial Companies Lllp raised its position in Karooooo by 159.4% during the third quarter. Jones Financial Companies Lllp now owns 804 shares of the company’s stock valued at $46,000 after acquiring an additional 494 shares in the last quarter. Murphy & Mullick Capital Management Corp lifted its stake in Karooooo by 260.0% in the third quarter. Murphy & Mullick Capital Management Corp now owns 900 shares of the company’s stock valued at $51,000 after acquiring an additional 650 shares during the last quarter. Bank of America Corp DE lifted its stake in Karooooo by 17.2% in the second quarter. Bank of America Corp DE now owns 5,100 shares of the company’s stock valued at $250,000 after acquiring an additional 750 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position in Karooooo by 12.0% in the third quarter. GSA Capital Partners LLP now owns 7,582 shares of the company’s stock worth $433,000 after acquiring an additional 810 shares in the last quarter.

Karooooo Stock Up 6.0%

Shares of NASDAQ:KARO opened at $47.13 on Friday. The firm has a 50 day simple moving average of $47.29 and a 200 day simple moving average of $49.78. Karooooo has a 52 week low of $35.88 and a 52 week high of $63.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.79 and a current ratio of 0.80. The company has a market cap of $1.46 billion, a PE ratio of 26.33 and a beta of 1.06.

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