18,056 Shares in Karooooo Ltd. $KARO Bought by RFG Advisory LLC

RFG Advisory LLC purchased a new stake in Karooooo Ltd. (NASDAQ:KARO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,056 shares of the company’s stock, valued at approximately $1,031,000.

Several other large investors also recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its position in shares of 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 purchasing an additional 494 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Karooooo by 17.2% in the 2nd quarter. Bank of America Corp DE now owns 5,100 shares of the company’s stock valued at $250,000 after purchasing an additional 750 shares during the period. Copeland Capital Management LLC acquired a new stake in shares of Karooooo in the 3rd quarter valued at about $76,000. New York State Common Retirement Fund grew its stake in Karooooo by 57.6% during the 3rd quarter. New York State Common Retirement Fund now owns 5,134 shares of the company’s stock worth $293,000 after buying an additional 1,876 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in Karooooo by 26.1% during the second quarter. Squarepoint Ops LLC now owns 12,163 shares of the company’s stock worth $596,000 after buying an additional 2,518 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 27th. Wall Street Zen upgraded shares of Karooooo from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.25.

Karooooo Trading Down 3.2%

Shares of KARO stock opened at $49.63 on Thursday. The company has a market capitalization of $1.53 billion, a P/E ratio of 26.83 and a beta of 1.07. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $47.23 and its two-hundred day moving average is $48.44. Karooooo Ltd. has a twelve month low of $35.88 and a twelve month high of $63.36.

Karooooo (NASDAQ:KARO) last issued its quarterly earnings results on Tuesday, January 20th. The company reported $0.49 earnings per share for the quarter, topping 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 firm had revenue of $82.34 million during the quarter, compared to the consensus estimate of $79.04 million. Karooooo has set its FY 2026 guidance at 1.876-2.049 EPS. Equities analysts forecast that Karooooo Ltd. will post 1.57 EPS for the current year.

Karooooo 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.