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

Karooooo Ltd. (NASDAQ:KARO) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $59.00.

Several brokerages recently weighed in on KARO. Roth Mkm started coverage on Karooooo in a research note on Tuesday, February 17th. They set a “buy” rating and a $62.00 target price for the company. Weiss Ratings upgraded shares of Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Finally, Wall Street Zen raised shares of Karooooo from a “hold” rating to a “buy” rating in a report on Saturday, March 14th.

Karooooo Stock Performance

KARO opened at $46.86 on Tuesday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 25.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.84 and a quick ratio of 0.84. Karooooo has a 1-year low of $35.88 and a 1-year high of $63.36. The business has a 50 day moving average price of $47.47 and a two-hundred day moving average price of $48.26.

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

Institutional Trading of Karooooo

Several institutional investors and hedge funds have recently added to or reduced their stakes in KARO. Jones Financial Companies Lllp boosted its holdings in Karooooo by 159.4% during the third quarter. Jones Financial Companies Lllp now owns 804 shares of the company’s stock worth $46,000 after buying an additional 494 shares in the last quarter. Murphy & Mullick Capital Management Corp increased its holdings in shares of 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 buying an additional 650 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in shares of Karooooo during the 3rd quarter valued at $76,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Karooooo during the 4th quarter valued at $80,000. Finally, Royal Bank of Canada boosted its stake in shares of Karooooo by 852.9% during the 4th quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock worth $135,000 after acquiring an additional 2,644 shares in the last quarter.

Karooooo Company Profile

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.