William Blair Estimates Karooooo's Q1 Earnings (NASDAQ:KARO)

Karooooo Ltd. (NASDAQ:KARO - Free Report) - Equities researchers at William Blair lowered their Q1 2027 EPS estimates for Karooooo in a research note issued on Wednesday, October 15th. William Blair analyst D. Becker now forecasts that the company will post earnings of $0.49 per share for the quarter, down from their prior estimate of $0.50. The consensus estimate for Karooooo's current full-year earnings is $1.57 per share. William Blair also issued estimates for Karooooo's Q3 2027 earnings at $0.53 EPS and Q4 2027 earnings at $0.57 EPS.

Karooooo (NASDAQ:KARO - Get Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $76.16 million for the quarter, compared to analyst estimates of $73.45 million. Karooooo had a net margin of 19.90% and a return on equity of 31.64%. Karooooo has set its FY 2026 guidance at 1.830-2.000 EPS.

KARO has been the topic of a number of other reports. UBS Group began coverage on Karooooo in a research note on Friday, August 29th. They issued a "buy" rating and a $60.00 price objective on the stock. Raymond James Financial reissued an "outperform" rating and issued a $60.00 price objective (up from $58.00) on shares of Karooooo in a research note on Thursday, July 24th. Wall Street Zen downgraded Karooooo from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 22nd. Zacks Research downgraded Karooooo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 11th. Finally, Weiss Ratings started coverage on Karooooo in a research note on Thursday. They issued a "hold (c+)" rating on the stock. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $58.25.

Karooooo Stock Performance

KARO stock opened at $44.22 on Friday. The stock has a 50-day moving average price of $52.72 and a 200-day moving average price of $49.23. Karooooo has a 1-year low of $35.88 and a 1-year high of $63.36. The company has a current ratio of 0.80, a quick ratio of 1.16 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.37 billion, a PE ratio of 24.70 and a beta of 1.09.

Karooooo Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 15th were paid a $1.25 dividend. This represents a yield of 220.0%. The ex-dividend date of this dividend was Friday, August 15th. Karooooo's payout ratio is 290.70%.

Institutional Investors Weigh In On Karooooo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Telemark Asset Management LLC bought a new stake in shares of Karooooo during the second quarter worth about $11,028,000. Fiera Capital Corp bought a new stake in shares of Karooooo during the second quarter worth about $5,878,000. Marshall Wace LLP increased its position in shares of Karooooo by 699.1% during the second quarter. Marshall Wace LLP now owns 55,602 shares of the company's stock worth $2,723,000 after acquiring an additional 48,644 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Karooooo during the second quarter worth about $1,378,000. Finally, Acadian Asset Management LLC increased its position in shares of Karooooo by 50.1% during the second quarter. Acadian Asset Management LLC now owns 69,705 shares of the company's stock worth $3,391,000 after acquiring an additional 23,251 shares in the last quarter.

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.

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