Karooooo (NASDAQ:KARO) Downgraded by Wall Street Zen to Hold

Karooooo (NASDAQ:KARO) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Several other equities analysts have also issued reports on KARO. Roth Mkm assumed coverage on Karooooo in a research note on Tuesday, February 17th. They set a “buy” rating and a $62.00 price target on the stock. Weiss Ratings upgraded Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Karooooo has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Karooooo Stock Performance

Shares of KARO opened at $45.69 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $1.41 billion, a PE ratio of 24.70 and a beta of 1.07. The company’s fifty day moving average price is $47.47 and its 200 day moving average price is $48.19. Karooooo has a one year low of $35.88 and a one year high of $63.36.

Karooooo (NASDAQ:KARO) last posted its quarterly earnings data on Tuesday, January 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. The firm had revenue of $82.34 million for the quarter, compared to the consensus estimate 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. As a group, analysts expect that Karooooo will post 1.57 earnings per share for the current year.

Institutional Trading of Karooooo

Several institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its stake in shares of Karooooo by 159.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 804 shares of the company’s stock valued at $46,000 after purchasing an additional 494 shares during the period. Murphy & Mullick Capital Management Corp grew its stake in shares of Karooooo by 260.0% during the third quarter. Murphy & Mullick Capital Management Corp now owns 900 shares of the company’s stock worth $51,000 after purchasing an additional 650 shares during the period. Copeland Capital Management LLC bought a new stake in Karooooo in the third quarter valued at about $76,000. Fideuram Asset Management Ireland dac bought a new stake in Karooooo in the fourth quarter valued at about $80,000. Finally, Royal Bank of Canada lifted its stake in Karooooo by 852.9% in the fourth quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock valued at $135,000 after buying an additional 2,644 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.