Karooooo Ltd. (NASDAQ:KARO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Karooooo Ltd. (NASDAQ:KARO) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $59.00.

A number of equities analysts have recently commented on KARO shares. Roth Mkm assumed coverage on shares of Karooooo in a research report on Tuesday, February 17th. They set a “buy” rating and a $62.00 target price on the stock. Weiss Ratings upgraded Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 27th. Finally, Wall Street Zen downgraded Karooooo from a “buy” rating to a “hold” rating in a report on Sunday.

Karooooo Stock Performance

KARO stock opened at $45.69 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $47.47 and its two-hundred day simple moving average is $48.19. Karooooo has a twelve month low of $35.88 and a twelve month high of $63.36. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 24.70 and a beta of 1.07.

Karooooo (NASDAQ:KARO) last released its 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. The business had revenue of $82.34 million during the quarter, compared to the consensus estimate of $79.04 million. Karooooo had a return on equity of 31.83% and a net margin of 19.45%.Karooooo has set its FY 2026 guidance at 1.876-2.049 EPS. Analysts predict that Karooooo will post 1.57 earnings per share for the current year.

Hedge Funds Weigh In On Karooooo

Several institutional investors have recently made changes to their positions in KARO. Geode Capital Management LLC raised its holdings in shares of Karooooo by 56.6% in the second quarter. Geode Capital Management LLC now owns 29,892 shares of the company’s stock valued at $1,464,000 after acquiring an additional 10,799 shares in the last quarter. Telemark Asset Management LLC purchased a new stake in shares of Karooooo in the 2nd quarter worth approximately $11,028,000. JPMorgan Chase & Co. lifted its position in shares of Karooooo by 216.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,089 shares of the company’s stock worth $396,000 after purchasing an additional 5,529 shares during the period. Bullseye Asset Management LLC bought a new position in shares of Karooooo during the second quarter valued at approximately $688,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Karooooo during the second quarter valued at approximately $1,378,000.

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.