Brokerages Set Karooooo Ltd. (NASDAQ:KARO) Price Target at $59.00

Karooooo Ltd. (NASDAQ:KARO) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $59.00.

A number of research analysts recently issued reports on KARO shares. Roth Mkm began coverage on shares of Karooooo in a research report on Tuesday, February 17th. They set a “buy” rating and a $62.00 price objective for the company. Wall Street Zen cut shares of Karooooo from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings upgraded shares of Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th.

Karooooo Stock Up 2.4%

NASDAQ KARO opened at $45.49 on Friday. Karooooo has a 1-year low of $35.88 and a 1-year high of $63.36. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 24.59 and a beta of 1.07. The stock’s 50 day moving average is $47.26 and its two-hundred day moving average is $48.50. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings data on Tuesday, January 20th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The firm had revenue of $82.34 million for the quarter, compared to analyst estimates of $79.04 million. Karooooo had a return on equity of 31.83% and a net margin of 19.45%.Karooooo has set its FY 2026 guidance at 1.876-2.049 EPS. Equities analysts forecast that Karooooo will post 1.57 earnings per share for the current fiscal year.

Institutional Trading of Karooooo

Several hedge funds have recently added to or reduced their stakes in the stock. Capricorn Fund Managers Ltd raised its holdings in Karooooo by 39.4% in the 4th quarter. Capricorn Fund Managers Ltd now owns 238,078 shares of the company’s stock worth $10,833,000 after acquiring an additional 67,322 shares during the last quarter. Telemark Asset Management LLC purchased a new position in shares of Karooooo in the second quarter worth $11,028,000. Fiera Capital Corp bought a new position in Karooooo during the second quarter valued at approximately $5,878,000. Schwartz Investment Counsel Inc. lifted its position in Karooooo by 22.9% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 78,365 shares of the company’s stock valued at $3,566,000 after purchasing an additional 14,600 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of Karooooo by 115.4% in the 3rd quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock worth $4,234,000 after purchasing an additional 39,709 shares during the period.

About Karooooo

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.