Wall Street Zen Upgrades Karooooo (NASDAQ:KARO) to “Buy”

Karooooo (NASDAQ:KARO) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

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

Karooooo Price Performance

Shares of NASDAQ:KARO opened at $47.21 on Friday. The firm has a market capitalization of $1.46 billion, a PE ratio of 25.52 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. Karooooo has a 1-year low of $35.88 and a 1-year high of $63.36. The business’s 50 day moving average is $47.31 and its 200-day moving average is $48.34.

Karooooo (NASDAQ:KARO) last issued its earnings results on Tuesday, January 20th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $82.34 million during the quarter, compared to analyst estimates 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. Sell-side analysts predict that Karooooo will post 1.57 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its holdings in shares of Karooooo by 159.4% during the third quarter. Jones Financial Companies Lllp now owns 804 shares of the company’s stock valued at $46,000 after acquiring an additional 494 shares during the period. Murphy & Mullick Capital Management Corp grew its holdings in shares of Karooooo by 260.0% in 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 during the last quarter. Copeland Capital Management LLC bought a new stake in shares of Karooooo in the 3rd quarter worth about $76,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Karooooo during the 4th quarter worth about $80,000. Finally, Royal Bank of Canada increased its position in shares of Karooooo by 852.9% during the 4th quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock worth $135,000 after purchasing an additional 2,644 shares in the last quarter.

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.