Karooooo (NASDAQ:KARO) Sees Large Volume Increase – Still a Buy?

Posted by George Bondi on Jun 1st, 2026

Karooooo Ltd. (NASDAQ:KARO – Get Free Report) shares saw an uptick in trading volume on Monday . 157,899 shares changed hands during trading, an increase of 149% from the previous session’s volume of 63,449 shares.The stock last traded at $49.0780 and had previously closed at $47.70.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KARO. Wall Street Zen downgraded shares of Karooooo from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Roth Mkm reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Karooooo in a research note on Thursday, May 14th. UBS Group lowered their price objective on shares of Karooooo from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Karooooo in a report on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Karooooo currently has a consensus rating of “Moderate Buy” and an average target price of $59.20.

Check Out Our Latest Report on Karooooo

Karooooo Price Performance

The stock’s 50-day moving average is $48.90 and its 200-day moving average is $47.40. The firm has a market cap of $1.53 billion, a P/E ratio of 26.53 and a beta of 0.89. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.17.

Karooooo (NASDAQ:KARO – Get Free Report) last announced 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 18.07% and a return on equity of 31.26%. The business had revenue of $90.93 million for the quarter. As a group, equities analysts anticipate that Karooooo Ltd. will post 2.37 EPS for the current fiscal year.

Karooooo Increases Dividend

The company also recently announced an annual dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, July 17th will be paid a $1.50 dividend. The ex-dividend date is Friday, July 17th. This represents a dividend yield of 347.0%. This is a boost from Karooooo’s previous annual dividend of $1.25. Karooooo’s dividend payout ratio is presently 67.57%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capricorn Fund Managers Ltd raised its holdings in Karooooo by 39.4% during the 4th quarter. Capricorn Fund Managers Ltd now owns 238,078 shares of the company’s stock worth $10,833,000 after purchasing an additional 67,322 shares during the last quarter. Tudor Investment Corp ET AL raised its holdings in Karooooo by 238.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 17,917 shares of the company’s stock worth $1,023,000 after purchasing an additional 12,621 shares during the last quarter. RFG Advisory LLC bought a new stake in Karooooo during the 3rd quarter worth about $1,031,000. Schwartz Investment Counsel Inc. raised its holdings in Karooooo by 22.9% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 78,365 shares of the company’s stock worth $3,566,000 after purchasing an additional 14,600 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Karooooo by 8.7% during the 4th quarter. Renaissance Technologies LLC now owns 27,587 shares of the company’s stock worth $1,255,000 after purchasing an additional 2,200 shares during the last quarter.

About Karooooo

(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.