Brokerages Set Karooooo Ltd. (NASDAQ:KARO) Target Price at $59.00

Karooooo Ltd. (NASDAQ:KARO) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $59.00.

Several research analysts have weighed in on the company. Weiss Ratings raised Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Wall Street Zen cut Karooooo from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Roth Mkm started coverage on shares of Karooooo in a report on Tuesday, February 17th. They issued a “buy” rating and a $62.00 price target on the stock.

Karooooo Trading Up 1.7%

NASDAQ:KARO opened at $47.14 on Friday. Karooooo has a 52 week low of $35.88 and a 52 week high of $63.36. The firm has a 50-day moving average price of $47.24 and a two-hundred day moving average price of $48.47. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 25.48 and a beta of 1.07.

Karooooo (NASDAQ:KARO) last announced its earnings results on Tuesday, January 20th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The firm had revenue of $82.34 million for 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. On average, equities analysts expect that Karooooo will post 1.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KARO. Telemark Asset Management LLC bought a new stake in shares of Karooooo in the 2nd quarter worth approximately $11,028,000. Fiera Capital Corp bought a new position in Karooooo during the second quarter valued at $5,878,000. Capricorn Fund Managers Ltd increased its position in Karooooo by 39.4% in the fourth quarter. Capricorn Fund Managers Ltd now owns 238,078 shares of the company’s stock worth $10,833,000 after buying an additional 67,322 shares during the last quarter. Marshall Wace LLP increased its position in Karooooo by 699.1% in the second quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock worth $2,723,000 after buying an additional 48,644 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Karooooo by 115.4% in the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock valued at $4,234,000 after buying an additional 39,709 shares during the period.

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.