Karooooo Ltd. (NASDAQ:KARO) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Consensus "Moderate Buy" — Seven brokerages rate Karooooo a consensus "Moderate Buy" (six buys, one hold) with an average 12‑month price target of $59.00, and recent upgrades include Roth MKM's $62 target.
• Latest quarter beat expectations, reporting $0.49 EPS vs. $0.46 expected and revenue of $82.34M vs. $79.04M, while management set FY2026 guidance of 1.876–2.049 EPS.
• Market snapshot: shares opened at $47.76, market cap about $1.48 billion, P/E of 25.82, and a 12‑month range of $35.88–$63.36.

Shares of Karooooo Ltd. (NASDAQ:KARO - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $59.00.

A number of brokerages have recently commented on KARO. Wall Street Zen raised shares of Karooooo from a "hold" rating to a "buy" rating in a research report on Saturday. Weiss Ratings upgraded shares of Karooooo from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, January 27th. Finally, Roth Mkm assumed coverage on Karooooo in a report on Tuesday, February 17th. They set a "buy" rating and a $62.00 price target for the company.

Karooooo Stock Up 1.2%

NASDAQ:KARO opened at $47.76 on Tuesday. Karooooo has a twelve month low of $35.88 and a twelve month high of $63.36. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 25.82 and a beta of 1.07. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06. The stock's 50 day moving average price is $47.37 and its two-hundred day moving average price is $48.31.

Karooooo (NASDAQ:KARO - Get Free Report) last released its earnings results on Tuesday, January 20th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. Karooooo had a net margin of 19.45% and a return on equity of 31.83%. The business had revenue of $82.34 million during the quarter, compared to analysts' expectations of $79.04 million. Karooooo has set its FY 2026 guidance at 1.876-2.049 EPS. Equities research analysts expect that Karooooo will post 1.57 earnings per share for the current fiscal year.

Institutional Trading of Karooooo

A number of hedge funds have recently made changes to their positions in the business. Capricorn Fund Managers Ltd raised its stake in Karooooo by 10.3% in the 3rd quarter. Capricorn Fund Managers Ltd now owns 170,756 shares of the company's stock valued at $9,754,000 after acquiring an additional 16,000 shares during the period. Telemark Asset Management LLC acquired a new stake in Karooooo during the 2nd quarter valued at $11,028,000. Bullseye Asset Management LLC bought a new position in Karooooo during the second quarter worth $688,000. Pittenger & Anderson Inc. acquired a new position in shares of Karooooo in the third quarter valued at $705,000. Finally, RFG Advisory LLC acquired a new position in shares of Karooooo in the third quarter valued at $1,031,000.

About Karooooo

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.

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