Calamos Advisors LLC Purchases New Position in Karooooo Ltd. $KARO

Calamos Advisors LLC acquired a new position in shares of Karooooo Ltd. (NASDAQ:KARO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,522 shares of the company’s stock, valued at approximately $270,000.

Several other institutional investors also recently added to or reduced their stakes in KARO. State of Wyoming acquired a new position in Karooooo in the first quarter valued at $418,000. Credit Agricole S A increased its position in shares of Karooooo by 95.5% in the first quarter. Credit Agricole S A now owns 14,049 shares of the company’s stock valued at $598,000 after buying an additional 6,861 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Karooooo by 56.6% during the 2nd quarter. Geode Capital Management LLC now owns 29,892 shares of the company’s stock worth $1,464,000 after purchasing an additional 10,799 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Karooooo by 77.9% in the 1st quarter. Acadian Asset Management LLC now owns 46,454 shares of the company’s stock valued at $1,955,000 after purchasing an additional 20,347 shares in the last quarter. Finally, Capricorn Fund Managers Ltd boosted its position in Karooooo by 8.0% during the first quarter. Capricorn Fund Managers Ltd now owns 143,470 shares of the company’s stock worth $6,103,000 after acquiring an additional 10,586 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on KARO shares. UBS Group started coverage on Karooooo in a report on Friday, August 29th. They issued a “buy” rating and a $60.00 price target for the company. Weiss Ratings initiated coverage on shares of Karooooo in a research note on Thursday, October 16th. They issued a “hold (c+)” rating on the stock. Zacks Research lowered Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 11th. Raymond James Financial reiterated an “outperform” rating and issued a $60.00 price objective (up previously from $58.00) on shares of Karooooo in a report on Thursday, July 24th. Finally, Wall Street Zen cut Karooooo from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.25.

Karooooo Price Performance

Shares of NASDAQ KARO opened at $45.04 on Friday. The firm has a market capitalization of $1.39 billion, a PE ratio of 25.16 and a beta of 1.06. The business’s fifty day moving average price is $50.71 and its two-hundred day moving average price is $50.00. Karooooo Ltd. has a 1-year low of $35.88 and a 1-year high of $63.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.80 and a quick ratio of 0.79.

Karooooo (NASDAQ:KARO) last posted its earnings results on Tuesday, October 14th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $76.16 million during the quarter, compared to analysts’ expectations of $73.45 million. Karooooo had a net margin of 19.90% and a return on equity of 31.64%. Karooooo has set its FY 2026 guidance at 1.830-2.000 EPS. On average, research analysts expect that Karooooo Ltd. will post 1.57 EPS for the current year.

About Karooooo

Karooooo Ltd. provides mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States. The company offers Fleet Telematics, a fleet management SaaS platform that provides real-time insights; LiveVision, which offers pro-active risk management and fleet visibility; MiFleet advanced fleet administration and business intelligence that provides cost management and administration capability services; and Karooooo Logistics, a software application for management of last mile delivery and general operational logistics.