Karooooo (NASDAQ:KARO) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Karooooo (NASDAQ:KARO - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04, Zacks reports. Karooooo had a net margin of 20.17% and a return on equity of 30.98%. Karooooo updated its FY 2026 guidance to 1.760-1.920 EPS.

Karooooo Trading Down 0.6%

KARO traded down $0.28 during trading on Tuesday, reaching $50.56. 84,106 shares of the company's stock were exchanged, compared to its average volume of 44,126. The stock has a market capitalization of $1.56 billion, a PE ratio of 30.83 and a beta of 1.08. Karooooo has a one year low of $28.04 and a one year high of $63.36. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average price of $51.29 and a two-hundred day moving average price of $46.49.

Wall Street Analyst Weigh In

KARO has been the topic of several research reports. Needham & Company LLC initiated coverage on shares of Karooooo in a report on Wednesday, July 16th. They set a "buy" rating and a $60.00 price target on the stock. Morgan Stanley reaffirmed an "overweight" rating and set a $53.00 price target (up from $43.00) on shares of Karooooo in a report on Thursday, June 26th. Finally, Raymond James Financial boosted their target price on shares of Karooooo from $51.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, May 16th.

Karooooo Company Profile

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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