Karooooo Ltd. (NASDAQ:KARO) Receives $58.25 Average Price Target from Analysts

by · The Cerbat Gem

Shares of Karooooo Ltd. (NASDAQ:KARO – Get Free Report) have earned an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $58.25.

Several equities analysts have weighed in on KARO shares. Weiss Ratings began coverage on Karooooo in a research note on Thursday, October 16th. They issued a “hold (c+)” rating on the stock. Zacks Research downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 11th. Finally, Wall Street Zen raised shares of Karooooo from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th.

View Our Latest Analysis on Karooooo

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Telemark Asset Management LLC acquired a new position in shares of Karooooo during the second quarter worth about $11,028,000. Capricorn Fund Managers Ltd lifted its position in shares of Karooooo by 10.3% in the third quarter. Capricorn Fund Managers Ltd now owns 170,756 shares of the company’s stock valued at $9,754,000 after buying an additional 16,000 shares during the last quarter. Fiera Capital Corp acquired a new stake in Karooooo during the 2nd quarter valued at $5,878,000. Two Sigma Investments LP lifted its stake in shares of Karooooo by 115.4% during the 3rd quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock worth $4,234,000 after buying an additional 39,709 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Karooooo by 50.1% during the second quarter. Acadian Asset Management LLC now owns 69,705 shares of the company’s stock worth $3,391,000 after acquiring an additional 23,251 shares during the period.

Karooooo Stock Down 1.8%

Shares of Karooooo stock opened at $44.67 on Thursday. Karooooo has a 12-month low of $35.88 and a 12-month high of $63.36. The firm has a market capitalization of $1.38 billion, a PE ratio of 24.96 and a beta of 1.06. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average is $45.35 and its 200-day moving average is $48.70.

Karooooo (NASDAQ:KARO – Get Free Report) last issued its earnings results on Tuesday, October 14th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. Karooooo had a net margin of 19.90% and a return on equity of 31.64%. The company had revenue of $76.16 million during the quarter, compared to analysts’ expectations of $73.45 million. Karooooo has set its FY 2026 guidance at 1.830-2.000 EPS. Equities analysts anticipate that Karooooo will post 1.57 earnings per share for the current year.

Karooooo Company Profile

(Get Free Report)

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.

See Also