William Blair Issues Positive Outlook for Karooooo Earnings

Karooooo Ltd. (NASDAQ:KARO - Free Report) - Equities research analysts at William Blair increased their Q1 2026 EPS estimates for shares of Karooooo in a research note issued on Thursday, May 15th. William Blair analyst D. Becker now forecasts that the company will post earnings per share of $0.42 for the quarter, up from their prior forecast of $0.38. The consensus estimate for Karooooo's current full-year earnings is $1.57 per share. William Blair also issued estimates for Karooooo's Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.45 EPS, Q4 2026 earnings at $0.48 EPS, FY2026 earnings at $1.79 EPS, Q1 2027 earnings at $0.50 EPS, Q2 2027 earnings at $0.51 EPS, Q3 2027 earnings at $0.56 EPS and Q4 2027 earnings at $0.59 EPS.

Separately, Raymond James lifted their target price on shares of Karooooo from $51.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, May 16th.

Karooooo Stock Down 0.2%

Shares of KARO stock traded down $0.10 during trading on Monday, hitting $52.86. 9,131 shares of the company were exchanged, compared to its average volume of 32,413. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.25. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 33.88 and a beta of 1.03. The business's 50-day simple moving average is $43.41 and its 200 day simple moving average is $44.44. Karooooo has a twelve month low of $25.80 and a twelve month high of $55.41.

Karooooo (NASDAQ:KARO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.07. The company had revenue of $65.12 million for the quarter, compared to analysts' expectations of $1.18 billion. Karooooo had a net margin of 19.87% and a return on equity of 30.29%. During the same quarter in the previous year, the company posted $6.81 EPS.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. New York State Common Retirement Fund bought a new position in shares of Karooooo in the fourth quarter valued at about $26,000. BNP Paribas Financial Markets acquired a new stake in Karooooo in the fourth quarter worth about $210,000. Lazard Asset Management LLC boosted its stake in Karooooo by 17.5% in the fourth quarter. Lazard Asset Management LLC now owns 4,961 shares of the company's stock valued at $223,000 after acquiring an additional 740 shares during the last quarter. Nipun Capital L.P. bought a new stake in shares of Karooooo during the 1st quarter valued at $242,000. Finally, Northern Trust Corp acquired a new position in shares of Karooooo in the 4th quarter valued at $340,000.

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.