Karooooo (NASDAQ:KARO) Releases FY 2027 Earnings Guidance

Karooooo (NASDAQ:KARO) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.350-2.440 for the period, compared to the consensus earnings per share estimate of 2.240. The company issued revenue guidance of -.

Karooooo Stock Down 2.0%

KARO traded down $0.96 on Wednesday, reaching $47.47. The company’s stock had a trading volume of 116,664 shares, compared to its average volume of 59,138. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 25.66 and a beta of 0.92. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06. Karooooo has a fifty-two week low of $41.25 and a fifty-two week high of $63.36. The stock has a 50 day moving average of $48.91 and a two-hundred day moving average of $47.20.

Karooooo (NASDAQ:KARO) last issued its earnings results on Tuesday, April 14th. The company reported $0.45 earnings per share (EPS) for the quarter. Karooooo had a net margin of 19.45% and a return on equity of 31.83%. The business had revenue of $90.93 million during the quarter. As a group, analysts forecast that Karooooo will post 2.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wall Street Zen raised Karooooo from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Karooooo in a research note on Friday, April 24th. Finally, Roth Mkm assumed coverage on Karooooo in a research note on Tuesday, February 17th. They set a “buy” rating and a $62.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Institutional Investors Weigh In On Karooooo

Several institutional investors have recently modified their holdings of KARO. Royal Bank of Canada boosted its position in shares of Karooooo by 852.9% in the 4th quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock worth $135,000 after buying an additional 2,644 shares in the last quarter. Quantbot Technologies LP acquired a new position in Karooooo during the second quarter worth about $156,000. New York State Common Retirement Fund lifted its holdings in shares of Karooooo by 465.6% in the second quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock valued at $160,000 after purchasing an additional 2,682 shares in the last quarter. State of Tennessee Department of Treasury purchased a new stake in shares of Karooooo in the second quarter valued at about $214,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Karooooo in the fourth quarter valued at approximately $226,000.

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.