Karooooo Ltd. (NASDAQ:KARO) Short Interest Update

Key Points

• Short interest fell 13.7% to 104,462 shares as of March 13, representing about 1.3% of shares short and a days-to-cover ratio of 2.4 days.
• Analysts give Karooooo a consensus rating of “Moderate Buy” with an average price target of $59 (six Buys, one Hold); Roth MKM initiated coverage with a $62 target while Wall Street Zen recently downgraded to Hold and Weiss upgraded to Buy.
• Most recent quarter beat expectations—EPS $0.49 vs. $0.46 est. and revenue $82.34M vs. $79.04M—and the company set FY‑2026 guidance of 1.876–2.049 EPS (sell‑side currently anticipates ~1.57 EPS for the current year).

Karooooo Ltd. (NASDAQ:KARO - Get Free Report) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 104,462 shares, a decrease of 13.7% from the February 26th total of 121,017 shares. Currently, 1.3% of the company's shares are short sold. Based on an average trading volume of 43,131 shares, the days-to-cover ratio is presently 2.4 days.

Analysts Set New Price Targets

KARO has been the subject of several recent research reports. Wall Street Zen downgraded Karooooo from a "buy" rating to a "hold" rating in a research report on Sunday, March 22nd. Weiss Ratings upgraded shares of Karooooo from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, January 27th. Finally, Roth Mkm began coverage on shares of Karooooo in a research note on Tuesday, February 17th. They issued a "buy" rating and a $62.00 target price on the stock. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Karooooo currently has a consensus rating of "Moderate Buy" and an average price target of $59.00.

Karooooo Stock Down 0.3%

Shares of NASDAQ:KARO opened at $47.37 on Tuesday. The stock's 50-day moving average is $47.61 and its 200 day moving average is $47.87. The company has a market cap of $1.46 billion, a PE ratio of 25.61 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.84 and a quick ratio of 0.84. Karooooo has a 1 year low of $35.88 and a 1 year high of $63.36.

Karooooo (NASDAQ:KARO - Get Free Report) last issued its quarterly earnings data on Tuesday, January 20th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. Karooooo had a return on equity of 31.83% and a net margin of 19.45%.The firm had revenue of $82.34 million for the quarter, compared to analyst estimates of $79.04 million. Karooooo has set its FY 2026 guidance at 1.876-2.049 EPS. Sell-side analysts anticipate that Karooooo will post 1.57 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Capricorn Fund Managers Ltd boosted its stake in shares of Karooooo by 10.3% during the 3rd quarter. Capricorn Fund Managers Ltd now owns 170,756 shares of the company's stock valued at $9,754,000 after purchasing an additional 16,000 shares in the last quarter. Pittenger & Anderson Inc. bought a new position in Karooooo in the third quarter worth about $705,000. RFG Advisory LLC purchased a new stake in Karooooo in the third quarter worth about $1,031,000. Tudor Investment Corp ET AL boosted its position in Karooooo by 238.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 17,917 shares of the company's stock valued at $1,023,000 after acquiring an additional 12,621 shares in the last quarter. Finally, Harbour Capital Advisors LLC grew its holdings in shares of Karooooo by 16.7% during the 4th quarter. Harbour Capital Advisors LLC now owns 5,425 shares of the company's stock worth $242,000 after acquiring an additional 775 shares during the period.

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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