Brokerages Set Karooooo Ltd. (NASDAQ:KARO) PT at $58.25

Shares of Karooooo Ltd. (NASDAQ:KARO) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $58.25.

KARO has been the subject of several research reports. Morgan Stanley reissued an “overweight” rating and issued a $53.00 price target (up previously from $43.00) on shares of Karooooo in a research report on Thursday, June 26th. UBS Group initiated coverage on shares of Karooooo in a research report on Friday, August 29th. They issued a “buy” rating and a $60.00 price target for the company. Needham & Company LLC initiated coverage on shares of Karooooo in a research report on Wednesday, July 16th. They issued a “buy” rating and a $60.00 price target for the company. Wall Street Zen downgraded shares of Karooooo from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 22nd. Finally, Raymond James Financial restated an “outperform” rating and set a $60.00 price objective (up from $58.00) on shares of Karooooo in a research note on Thursday, July 24th.

Karooooo Stock Performance

NASDAQ KARO opened at $56.66 on Tuesday. The company has a fifty day simple moving average of $50.75 and a 200 day simple moving average of $48.12. Karooooo has a 12-month low of $35.51 and a 12-month high of $63.36. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.75 billion, a P/E ratio of 32.94 and a beta of 1.08.

Karooooo (NASDAQ:KARO) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. Karooooo had a net margin of 20.23% and a return on equity of 31.48%. The business had revenue of $70.49 million during the quarter, compared to the consensus estimate of $1.25 billion. Karooooo has set its FY 2026 guidance at 1.760-1.920 EPS. Sell-side analysts predict that Karooooo will post 1.57 earnings per share for the current fiscal year.

Karooooo Announces Dividend

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

Hedge Funds Weigh In On Karooooo

Several large investors have recently bought and sold shares of the stock. Squarepoint Ops LLC lifted its stake in Karooooo by 6.8% during the 4th quarter. Squarepoint Ops LLC now owns 9,494 shares of the company’s stock valued at $429,000 after acquiring an additional 602 shares in the last quarter. Bank of America Corp DE lifted its stake in Karooooo by 17.2% during the 2nd quarter. Bank of America Corp DE now owns 5,100 shares of the company’s stock valued at $250,000 after acquiring an additional 750 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Karooooo by 465.6% during the 2nd quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock worth $160,000 after purchasing an additional 2,682 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Karooooo by 154.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,045 shares of the company’s stock worth $247,000 after purchasing an additional 3,063 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Karooooo during the 2nd quarter worth $156,000.

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.