Karooooo (NASDAQ:KARO) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Karooooo (NASDAQ:KARO) from a buy rating to a hold rating in a report released on Sunday.

Several other research analysts have also weighed in on KARO. Weiss Ratings upgraded shares of Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Roth Mkm initiated coverage on shares of Karooooo in a research report on Tuesday, February 17th. They set a “buy” rating and a $62.00 price target for the company. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Karooooo Price Performance

Karooooo stock opened at $45.69 on Friday. The company has a market cap of $1.41 billion, a P/E ratio of 24.70 and a beta of 1.07. Karooooo has a one year low of $35.88 and a one year high of $63.36. The business has a fifty day moving average of $47.47 and a two-hundred day moving average of $48.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.84.

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

Hedge Funds Weigh In On Karooooo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its holdings in shares of Karooooo by 159.4% in the third quarter. Jones Financial Companies Lllp now owns 804 shares of the company’s stock valued at $46,000 after purchasing an additional 494 shares in the last quarter. Murphy & Mullick Capital Management Corp increased its stake in shares of Karooooo by 260.0% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 900 shares of the company’s stock worth $51,000 after purchasing an additional 650 shares in the last quarter. Copeland Capital Management LLC acquired a new position in shares of Karooooo during the 3rd quarter worth approximately $76,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Karooooo during the 4th quarter worth approximately $80,000. Finally, Royal Bank of Canada lifted its stake in Karooooo by 852.9% in the 4th quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock valued at $135,000 after buying an additional 2,644 shares in the last quarter.

About Karooooo

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.