Karooooo (NASDAQ:KARO) Issues FY 2026 Earnings Guidance

Karooooo (NASDAQ:KARO) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.876-2.049 for the period, compared to the consensus earnings per share estimate of 1.920. The company issued revenue guidance of -.

Karooooo Trading Down 4.4%

Shares of NASDAQ KARO traded down $2.04 during midday trading on Tuesday, reaching $44.76. 98,932 shares of the stock were exchanged, compared to its average volume of 41,523. The company has a market capitalization of $1.38 billion, a P/E ratio of 25.01 and a beta of 1.06. Karooooo has a 52-week low of $35.88 and a 52-week high of $63.36. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $45.65 and a 200-day moving average price of $48.55.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings data on Tuesday, January 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. Karooooo had a net margin of 19.90% and a return on equity of 31.64%. Karooooo has set its FY 2026 guidance at 1.876-2.049 EPS. Equities research analysts expect that Karooooo will post 1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KARO. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Karooooo in a research note on Tuesday, January 13th. Wall Street Zen upgraded Karooooo from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $58.25.

Institutional Trading of Karooooo

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of Karooooo in the second quarter valued at approximately $156,000. New York State Common Retirement Fund increased its stake 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 worth $160,000 after purchasing an additional 2,682 shares in the last quarter. State of Tennessee Department of Treasury purchased a new position in shares of Karooooo in the second quarter valued at $214,000. BNP Paribas Financial Markets boosted its stake in Karooooo by 154.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,045 shares of the company’s stock worth $247,000 after purchasing an additional 3,063 shares during the period. Finally, Bank of America Corp DE grew its holdings in Karooooo by 17.2% during the 2nd quarter. Bank of America Corp DE now owns 5,100 shares of the company’s stock valued at $250,000 after buying an additional 750 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.