Karooooo (NASDAQ:KARO) Stock Rating Lowered by Wall Street Zen

Karooooo (NASDAQ:KARO) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also issued reports on KARO. Weiss Ratings raised shares of Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 27th. Roth Mkm assumed coverage on shares of Karooooo in a report on Tuesday. They set a “buy” rating and a $62.00 price target for the company. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Karooooo Trading Up 2.4%

Shares of Karooooo stock opened at $45.49 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 stock’s 50 day simple moving average is $47.26 and its 200-day simple moving average is $48.46. The stock has a market cap of $1.41 billion, a P/E ratio of 24.59 and a beta of 1.07. Karooooo has a 1-year low of $35.88 and a 1-year high of $63.36.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KARO. Capricorn Fund Managers Ltd boosted its stake in shares of Karooooo by 39.4% in the 4th quarter. Capricorn Fund Managers Ltd now owns 238,078 shares of the company’s stock valued at $10,833,000 after buying an additional 67,322 shares during the period. Telemark Asset Management LLC acquired a new stake in Karooooo in the second quarter valued at approximately $11,028,000. Fiera Capital Corp purchased a new position in Karooooo in the second quarter worth approximately $5,878,000. Schwartz Investment Counsel Inc. grew its holdings in Karooooo by 22.9% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 78,365 shares of the company’s stock worth $3,566,000 after acquiring an additional 14,600 shares in the last quarter. Finally, Two Sigma Investments LP increased its position 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 valued at $4,234,000 after purchasing an additional 39,709 shares during the last quarter.

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.