Karooooo (NASDAQ:KARO) Sets New 12-Month High After Analyst Upgrade

Posted by Geri Gentry on Jul 19th, 2026

Karooooo Ltd. (NASDAQ:KARO – Get Free Report) shares reached a new 52-week high during trading on Friday after Raymond James Financial raised their price target on the stock from $60.00 to $75.00. Raymond James Financial currently has an outperform rating on the stock. Karooooo traded as high as $66.19 and last traded at $65.16, with a volume of 298122 shares changing hands. The stock had previously closed at $58.58.

A number of other research firms have also issued reports on KARO. Roth Capital restated a “buy” rating and issued a $74.00 target price on shares of Karooooo in a report on Friday. Zacks Research upgraded shares of Karooooo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Wall Street Zen lowered shares of Karooooo from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Karooooo in a research note on Friday, April 24th. Finally, Needham & Company LLC upped their price objective on shares of Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $73.50.

Check Out Our Latest Stock Report on Karooooo

Karooooo News Roundup

Here are the key news stories impacting Karooooo this week:

Positive Sentiment: Raymond James raised its price target on Karooooo from $60 to $75 and reiterated an outperform rating, signaling confidence in further upside from current levels.
Positive Sentiment: The company reported a strong Q1 earnings beat, with revenue up 22% and earnings per share above expectations, reinforcing the view that core business momentum remains intact. Karooooo Ltd. (KARO) Surpasses Q1 Earnings and Revenue Estimates
Positive Sentiment: Subscriber growth in Cartrack accelerated, including reports of record subscriber additions and 18% growth in the quarter, which supports expectations for continued subscription revenue expansion. Karooooo’s growth bet pays off with record subscriber haul
Neutral Sentiment: Investors also pointed to healthy margins, a strong cash position, and dividend support, which help offset foreign-exchange pressure and keep the balance sheet flexible.
Neutral Sentiment: Karooooo’s Q1 results presentation and related coverage largely reinforced the same growth narrative rather than introducing a new catalyst. Karooooo Ltd. 2027 Q1 – Results – Earnings Call Presentation
Negative Sentiment: Some margin compression from FX headwinds and higher sales and marketing spending could temper enthusiasm, though these issues have not yet outweighed the company’s growth story.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in Karooooo by 9.5% in the first quarter. Bank of America Corp DE now owns 8,798 shares of the company’s stock valued at $438,000 after purchasing an additional 764 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Karooooo in the 1st quarter valued at $1,015,000. Renaissance Technologies LLC grew its position in Karooooo by 1.4% during the first quarter. Renaissance Technologies LLC now owns 27,987 shares of the company’s stock valued at $1,395,000 after acquiring an additional 400 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Karooooo by 35.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 19,259 shares of the company’s stock valued at $960,000 after acquiring an additional 4,999 shares during the period. Finally, R Squared Ltd acquired a new stake in Karooooo during the first quarter worth about $296,000.

Karooooo Price Performance

The company has a 50 day simple moving average of $50.13 and a 200 day simple moving average of $48.81. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 31.82 and a beta of 0.89. The company has a quick ratio of 1.05, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Karooooo (NASDAQ:KARO – Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.08. Karooooo had a return on equity of 31.97% and a net margin of 17.74%.The business had revenue of $96.26 million for the quarter. Karooooo has set its FY 2027 guidance at 2.334-2.425 EPS. As a group, research analysts predict that Karooooo Ltd. will post 2.41 EPS for the current year.

Karooooo Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, July 27th. Investors of record on Friday, July 17th will be issued a $1.50 dividend. The ex-dividend date is Friday, July 17th. This is a positive change from Karooooo’s previous annual dividend of $1.25. This represents a yield of 239.0%. Karooooo’s payout ratio is 67.57%.

Karooooo Company Profile

(Get Free Report)

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.