Karooooo (NASDAQ:KARO) Upgraded by Wall Street Zen to Buy Rating

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

Several other research firms have also commented on KARO. Weiss Ratings raised shares of Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Roth Mkm began coverage on shares of Karooooo in a research report on Tuesday, February 17th. They issued a “buy” rating and a $62.00 price objective for the company. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Karooooo has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Karooooo Stock Performance

KARO stock opened at $50.75 on Friday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 27.43 and a beta of 1.02. The firm has a 50-day simple moving average of $47.94 and a two-hundred day simple moving average of $47.64. Karooooo has a one year low of $37.73 and a one year high of $63.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.84.

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

Hedge Funds Weigh In On Karooooo

Several large investors have recently made changes to their positions in the company. Capricorn Fund Managers Ltd boosted its holdings in Karooooo by 39.4% during the fourth quarter. Capricorn Fund Managers Ltd now owns 238,078 shares of the company’s stock worth $10,833,000 after buying an additional 67,322 shares in the last quarter. Schwartz Investment Counsel Inc. grew 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 buying an additional 14,600 shares during the period. Two Sigma Investments LP grew its position in Karooooo by 115.4% during the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock valued at $4,234,000 after buying an additional 39,709 shares during the period. Marshall Wace LLP grew 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 buying an additional 48,644 shares during the period. Finally, First Trust Advisors LP grew its position in Karooooo by 43.1% during the fourth quarter. First Trust Advisors LP now owns 46,767 shares of the company’s stock valued at $2,128,000 after buying an additional 14,078 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.