Karooooo (NASDAQ:KARO) Releases FY 2027 Earnings Guidance

Karooooo (NASDAQ:KARO) updated its FY 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.350-2.440 for the period, compared to the consensus earnings per share estimate of 2.410.

Karooooo Trading Up 3.5%

Shares of KARO stock opened at $63.65 on Friday. The firm has a market capitalization of $1.97 billion, a P/E ratio of 30.45 and a beta of 0.89. Karooooo has a 1 year low of $41.25 and a 1 year high of $68.80. The firm’s fifty day simple moving average is $63.42 and its 200 day simple moving average is $56.68. The company has a current ratio of 0.64, a quick ratio of 1.01 and a debt-to-equity ratio of 0.17.

Analyst Upgrades and Downgrades

KARO has been the topic of several research reports. Zacks Research downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Freedom Capital cut shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Raymond James Financial increased their target price on shares of Karooooo from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Needham & Company LLC lifted their target price on Karooooo from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Freedom Broker boosted their price target on Karooooo from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.80.

Insider Transactions at Karooooo

In related news, CEO Isaias Calisto sold 33,833 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $66.14, for a total value of $2,237,714.62. Following the completion of the transaction, the chief executive officer owned 17,714,186 shares of the company’s stock, valued at $1,171,616,262.04. This represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 277,617 shares of company stock valued at $17,840,247 over the last three months. Corporate insiders own 74.73% of the company’s stock.

About Karooooo

Karooooo Ltd. is a Singapore-based technology company that provides connected-vehicle and mobility solutions through its Cartrack business. Its cloud-based platform uses telematics, vehicle tracking and data analytics to help businesses monitor vehicles and assets, improve fleet operations, manage driver behavior and enhance safety.

The company’s products and services include real-time vehicle location and monitoring, fleet management, stolen-vehicle recovery, vehicle and asset tracking, maintenance and fuel-management tools, and workflow solutions.