Karooooo (NASDAQ:KARO) Announces Earnings Results

Karooooo (NASDAQ:KARO) announced its quarterly earnings data on Tuesday. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03, Zacks reports. Karooooo had a net margin of 19.90% and a return on equity of 31.64%. Karooooo updated its FY 2026 guidance to 1.876-2.049 EPS.

Karooooo Stock Down 4.4%

Karooooo stock traded down $2.04 on Tuesday, hitting $44.76. 98,932 shares of the stock traded hands, compared to its average volume of 41,523. The business’s fifty day simple moving average is $45.65 and its 200 day simple moving average is $48.55. The firm has a market cap of $1.38 billion, a P/E ratio of 25.01 and a beta of 1.06. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.08. Karooooo has a 1 year low of $35.88 and a 1 year high of $63.36.

Institutional Trading of Karooooo

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP boosted its stake in Karooooo by 699.1% during the 2nd quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock valued at $2,723,000 after purchasing an additional 48,644 shares during the last quarter. Two Sigma Investments LP raised its position in Karooooo by 115.4% in the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock worth $4,234,000 after acquiring an additional 39,709 shares during the period. Russell Investments Group Ltd. purchased a new position in Karooooo during the second quarter valued at $1,378,000. Raymond James Financial Inc. increased its holdings in Karooooo by 7,327.7% in the 3rd quarter. Raymond James Financial Inc. now owns 27,631 shares of the company’s stock worth $1,578,000 after acquiring an additional 27,259 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Karooooo by 514.8% during the 3rd quarter. Bank of America Corp DE now owns 31,357 shares of the company’s stock valued at $1,791,000 after purchasing an additional 26,257 shares during the period.

Analysts Set New Price Targets

Several research firms have commented on KARO. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Karooooo in a report on Tuesday, January 13th. Wall Street Zen upgraded Karooooo from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Karooooo presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.25.

About Karooooo

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.