Short Interest in Karooooo Ltd. (NASDAQ:KARO) Increases By 56.5%

Karooooo Ltd. (NASDAQ:KARO) saw a large growth in short interest in 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. Currently, 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 40,006 shares, the days-to-cover ratio is presently 2.6 days. 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 shares of the company are sold short.

Karooooo Stock Up 0.4%

NASDAQ KARO opened at $47.38 on Monday. The business’s 50-day moving average is $45.33 and its 200 day moving average is $48.76. The stock has a market capitalization of $1.46 billion, a PE ratio of 26.47 and a beta of 1.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.80 and a quick ratio of 0.79. Karooooo has a 1 year low of $35.88 and a 1 year high of $63.36.

Karooooo (NASDAQ:KARO) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Karooooo had a return on equity of 31.64% and a net margin of 19.90%.The firm had revenue of $76.16 million for the quarter, compared to analyst estimates of $73.45 million. Karooooo has set its FY 2026 guidance at 1.830-2.000 EPS. Sell-side analysts forecast that Karooooo will post 1.57 earnings per share for the current year.

Institutional Trading of Karooooo

A number of hedge funds have recently made changes to their positions in KARO. Telemark Asset Management LLC purchased a new stake in shares of Karooooo during the second quarter valued at approximately $11,028,000. Capricorn Fund Managers Ltd grew its holdings 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 worth $9,754,000 after acquiring an additional 16,000 shares during the period. Fiera Capital Corp purchased a new stake in Karooooo during the second quarter valued at $5,878,000. Two Sigma Investments LP lifted its stake 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 worth $4,234,000 after purchasing an additional 39,709 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of Karooooo by 50.1% in the second quarter. Acadian Asset Management LLC now owns 69,705 shares of the company’s stock worth $3,391,000 after buying an additional 23,251 shares during the last quarter.

Analyst Upgrades and Downgrades

KARO has been the topic of several analyst reports. Weiss Ratings began coverage on Karooooo in a research report on Thursday, October 16th. They set a “hold (c+)” rating on the stock. Zacks Research downgraded Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 11th. Finally, Wall Street Zen upgraded Karooooo from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.25.

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.