Karooooo Ltd. (NASDAQ:KARO) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Karooooo a consensus rating of Moderate Buy (six buys, one hold) with an average 12‑month price target of $59.00; recent notes include Roth MKM starting coverage with a $62 target and Wall Street Zen upgrading to buy.
• Shares opened at $50.32 and trade near their 50‑ and 200‑day averages (~$48.59 and $47.03), the company has a market cap of $1.55 billion, a PE of 27.2, and a 12‑month range of $41.25–$63.36.
• Karooooo is a global provider of telematics software-as-a-service for vehicle and fleet management, offering real‑time GPS tracking, stolen vehicle recovery and driver‑behavior analytics.

Karooooo Ltd. (NASDAQ:KARO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $59.00.

A number of analysts recently weighed in on KARO shares. Roth Mkm started coverage on shares of Karooooo in a research report on Tuesday, February 17th. They issued a "buy" rating and a $62.00 price objective on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Karooooo in a research note on Friday, April 24th. Finally, Wall Street Zen upgraded Karooooo from a "hold" rating to a "buy" rating in a report on Saturday, April 11th.

Karooooo Price Performance

Karooooo stock opened at $50.32 on Wednesday. The firm has a 50-day moving average price of $48.59 and a 200-day moving average price of $47.03. The firm has a market capitalization of $1.55 billion, a PE ratio of 27.20 and a beta of 0.92. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06. Karooooo has a 12-month low of $41.25 and a 12-month high of $63.36.

Institutional Trading of Karooooo

Several institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its holdings in shares of Karooooo by 159.4% in the third quarter. Jones Financial Companies Lllp now owns 804 shares of the company's stock worth $46,000 after purchasing an additional 494 shares during the last quarter. Murphy & Mullick Capital Management Corp boosted its position in Karooooo by 260.0% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 900 shares of the company's stock valued at $51,000 after buying an additional 650 shares during the period. Fideuram Asset Management Ireland dac bought a new position in Karooooo in the 4th quarter worth about $80,000. Royal Bank of Canada increased its position in shares of Karooooo by 852.9% during the fourth quarter. Royal Bank of Canada now owns 2,954 shares of the company's stock worth $135,000 after acquiring an additional 2,644 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Karooooo during the second quarter valued at approximately $156,000.

Karooooo Company Profile

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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