Karooooo (NASDAQ:KARO) Rating Lowered to Hold at Wall Street Zen

Posted by George Bondi on Aug 11th, 2026

Karooooo (NASDAQ:KARO – Get Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Several other brokerages also recently weighed in on KARO. Freedom Capital downgraded Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Karooooo in a research note on Friday, April 24th. Raymond James Financial upped their price target on shares of Karooooo from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Needham & Company LLC increased their price target on shares of Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, UBS Group reissued a “buy” rating and issued a $75.00 price target on shares of Karooooo in a report on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Karooooo currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.50.

Read Our Latest Report on Karooooo

Karooooo Stock Down 2.4%

KARO opened at $63.23 on Friday. The company has a market cap of $1.95 billion, a P/E ratio of 32.10 and a beta of 0.85. The business’s 50-day moving average price is $55.40 and its 200-day moving average price is $50.88. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15. Karooooo has a 12 month low of $41.25 and a 12 month high of $67.14.

Karooooo (NASDAQ:KARO – Get Free Report) last issued its earnings results on Thursday, July 16th. 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 32.03% and a net margin of 17.74%.The company had revenue of $96.26 million during the quarter. On average, equities analysts expect that Karooooo will post 2.41 EPS for the current year.

Insider Buying and Selling

In other Karooooo news, CEO Isaias Jose Calisto sold 33,833 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $66.14, for a total value of $2,237,714.62. Following the completion of the transaction, the chief executive officer directly owned 17,714,186 shares in the company, valued at approximately $1,171,616,262.04. This represents a 0.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 235,051 shares of company stock valued at $15,144,080. 74.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Karooooo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP lifted its stake in shares of Karooooo by 699.1% in the 2nd quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock valued at $2,723,000 after purchasing an additional 48,644 shares during the period. Capricorn Fund Managers Ltd boosted its position in shares of Karooooo by 16.9% during the first quarter. Capricorn Fund Managers Ltd now owns 278,346 shares of the company’s stock valued at $13,873,000 after purchasing an additional 40,268 shares in the last quarter. Two Sigma Investments LP grew its stake in Karooooo by 115.4% in the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock worth $4,234,000 after purchasing an additional 39,709 shares during the period. Aurora Investment Counsel purchased a new stake in Karooooo in the fourth quarter worth $1,651,000. Finally, Russell Investments Group Ltd. bought a new position in Karooooo in the second quarter worth $1,378,000.

About Karooooo

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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.