Karooooo Ltd. (NASDAQ:KARO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Karooooo Ltd. (NASDAQ:KARO) have received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $58.25.

A number of research firms have recently commented on KARO. Weiss Ratings began coverage on shares of Karooooo in a report on Thursday. They issued a “hold (c+)” rating on the stock. UBS Group started coverage on shares of Karooooo in a report on Friday, August 29th. They set a “buy” rating and a $60.00 target price on the stock. Zacks Research cut shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. Wall Street Zen cut shares of Karooooo from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Needham & Company LLC started coverage on shares of Karooooo in a report on Wednesday, July 16th. They set a “buy” rating and a $60.00 target price on the stock.

Karooooo Trading Up 1.3%

Shares of KARO opened at $44.80 on Friday. Karooooo has a twelve month low of $35.88 and a twelve month high of $63.36. The company has a market cap of $1.38 billion, a P/E ratio of 25.03 and a beta of 1.09. The company has a current ratio of 0.80, a quick ratio of 1.16 and a debt-to-equity ratio of 0.08. The company’s fifty day simple moving average is $52.68 and its 200-day simple moving average is $49.25.

Karooooo (NASDAQ:KARO) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $76.16 million for 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. As a group, analysts expect that Karooooo will post 1.57 EPS for the current year.

Karooooo Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 15th were issued a dividend of $1.25 per share. This represents a yield of 220.0%. The ex-dividend date was Friday, August 15th. Karooooo’s dividend payout ratio is presently 279.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Copeland Capital Management LLC bought a new position in Karooooo during the 3rd quarter worth about $76,000. Quantbot Technologies LP purchased a new stake in shares of Karooooo during the second quarter valued at about $156,000. New York State Common Retirement Fund lifted its position in shares of Karooooo by 465.6% during the second quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock valued at $160,000 after buying an additional 2,682 shares during the last quarter. State of Tennessee Department of Treasury purchased a new stake in shares of Karooooo during the second quarter valued at about $214,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Karooooo by 154.5% during the second quarter. BNP Paribas Financial Markets now owns 5,045 shares of the company’s stock valued at $247,000 after buying an additional 3,063 shares during the last quarter.

Karooooo Company Profile

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.