Karooooo Ltd. (NASDAQ:KARO) Short Interest Update

by · The Cerbat Gem

Karooooo Ltd. (NASDAQ:KARO – Get Free Report) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 105,708 shares, a growth of 56.5% from the November 30th total of 67,554 shares. Based on an average daily trading volume, of 40,006 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.4% of the company’s shares are sold short. Currently, 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 40,006 shares, the days-to-cover ratio is presently 2.6 days.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Karooooo from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings started coverage on Karooooo in a report on Thursday, October 16th. They set a “hold (c+)” rating on the stock. Finally, Zacks Research cut Karooooo from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.25.

Get Our Latest Research Report on KARO

Karooooo Stock Down 2.0%

KARO stock opened at $45.95 on Wednesday. Karooooo has a fifty-two week low of $35.88 and a fifty-two week high of $63.36. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 25.67 and a beta of 1.06. The business’s 50 day moving average price is $45.39 and its two-hundred day moving average price is $48.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.79 and a current ratio of 0.80.

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

Institutional Investors Weigh In On Karooooo

Several hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its stake in shares of Karooooo by 159.4% during the third quarter. Jones Financial Companies Lllp now owns 804 shares of the company’s stock valued at $46,000 after purchasing an additional 494 shares in the last quarter. Murphy & Mullick Capital Management Corp increased its position in Karooooo by 260.0% during the 3rd 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 purchased a new position in Karooooo during the third quarter valued at $76,000. Quantbot Technologies LP bought a new stake in Karooooo in the second quarter worth $156,000. Finally, New York State Common Retirement Fund grew its stake in shares of Karooooo by 465.6% in the second quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock worth $160,000 after acquiring an additional 2,682 shares during the last quarter.

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.

Further Reading