Karooooo (KARO) Expected to Announce Quarterly Earnings on Tuesday

Key Points

• Karooooo (KARO) is expected to announce its Q2 2026 earnings on Tuesday, October 14th, with analysts predicting earnings of $0.46 per share and revenue of $73.449 million.
• The company recently reported earnings of $0.47 per share for Q1 2026, surpassing analysts’ expectations, with a revenue of $70.49 million.
• Karooooo announced a $1.25 annual dividend with a yield of 220.0%, but it has a high dividend payout ratio of 290.70%.

Karooooo (NASDAQ:KARO - Get Free Report) is projected to post its Q2 2026 results after the market closes on Tuesday, October 14th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $73.4490 million for the quarter. Karooooo has set its FY 2026 guidance at 1.760-1.920 EPS.Investors may review the information on the company's upcoming Q2 2026 earningreport for the latest details on the call scheduled for Wednesday, October 15, 2025 at 8:00 AM ET.

Karooooo (NASDAQ:KARO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.02. The business had revenue of $70.49 million during the quarter, compared to analysts' expectations of $1.25 billion. Karooooo had a return on equity of 31.48% and a net margin of 20.23%. On average, analysts expect Karooooo to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Karooooo Trading Down 0.1%

NASDAQ KARO traded down $0.05 on Tuesday, reaching $54.82. The company had a trading volume of 38,641 shares, compared to its average volume of 50,416. Karooooo has a 52 week low of $35.88 and a 52 week high of $63.36. The stock's 50 day moving average is $51.75 and its 200-day moving average is $48.84. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 31.87 and a beta of 1.09.

Karooooo Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 15th were given a $1.25 dividend. The ex-dividend date was Friday, August 15th. This represents a dividend yield of 220.0%. Karooooo's dividend payout ratio is currently 290.70%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KARO. Zacks Research cut shares of Karooooo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 11th. Wall Street Zen downgraded Karooooo from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 22nd. UBS Group initiated coverage on shares of Karooooo in a report on Friday, August 29th. They set a "buy" rating and a $60.00 target price for the company. Morgan Stanley reissued an "overweight" rating and issued a $53.00 price target (up from $43.00) on shares of Karooooo in a report on Thursday, June 26th. Finally, Needham & Company LLC started coverage on Karooooo in a report on Wednesday, July 16th. They set a "buy" rating and a $60.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $58.25.

Institutional Investors Weigh In On Karooooo

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in Karooooo in the second quarter valued at approximately $156,000. New York State Common Retirement Fund boosted its stake in shares of Karooooo by 465.6% in the 2nd quarter. New York State Common Retirement Fund now owns 3,258 shares of the company's stock valued at $160,000 after purchasing an additional 2,682 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of Karooooo during the second quarter worth $214,000. BNP Paribas Financial Markets raised its stake in Karooooo by 154.5% during the second quarter. BNP Paribas Financial Markets now owns 5,045 shares of the company's stock worth $247,000 after buying an additional 3,063 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Karooooo by 17.2% in the second 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 during the period.

About Karooooo

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.

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