Karooooo (NASDAQ:KARO) Trading Up 6.2% – Time to Buy?

Karooooo Ltd. (NASDAQ:KARO) shares rose 6.2% on Friday . The company traded as high as $48.83 and last traded at $48.80. Approximately 46,418 shares changed hands during trading, an increase of 5% from the average daily volume of 44,329 shares. The stock had previously closed at $45.95.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Karooooo from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Karooooo in a research report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Karooooo presently has a consensus rating of “Moderate Buy” and an average target price of $58.25.

Karooooo Price Performance

The company has a fifty day simple moving average of $45.71 and a two-hundred day simple moving average of $48.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.84. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 26.95 and a beta of 1.06.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings data on Tuesday, January 20th. The company reported $0.49 EPS for the quarter, beating 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 business had revenue of $82.34 million during the quarter, compared to the consensus estimate of $79.04 million. Karooooo has set its FY 2026 guidance at 1.876-2.049 EPS. As a group, research analysts anticipate that Karooooo Ltd. will post 1.57 earnings per share for the current year.

Institutional Investors Weigh In On Karooooo

A number of institutional investors have recently bought and sold shares of KARO. Acadian Asset Management LLC grew its position in Karooooo by 50.1% during the second quarter. Acadian Asset Management LLC now owns 69,705 shares of the company’s stock valued at $3,391,000 after acquiring an additional 23,251 shares during the period. Fiera Capital Corp purchased a new position in shares of Karooooo in the 2nd quarter worth about $5,878,000. Capricorn Fund Managers Ltd lifted its stake in shares of Karooooo by 7.9% in the 2nd quarter. Capricorn Fund Managers Ltd now owns 154,756 shares of the company’s stock valued at $7,580,000 after purchasing an additional 11,286 shares in the last quarter. Telemark Asset Management LLC purchased a new stake in shares of Karooooo during the 2nd quarter worth about $11,028,000. Finally, Bullseye Asset Management LLC acquired a new stake in Karooooo during the 2nd quarter worth approximately $688,000.

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.