Karooooo (NASDAQ:KARO) Updates FY 2027 Earnings Guidance

Karooooo (NASDAQ:KARO) updated its FY 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.334-2.425 for the period, compared to the consensus earnings per share estimate of 2.370. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research firms recently commented on KARO. Roth Capital reissued a “buy” rating and set a $68.00 price objective on shares of Karooooo in a report on Thursday, May 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Karooooo in a research report on Friday, April 24th. Zacks Research raised Karooooo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Needham & Company LLC lifted their price objective on Karooooo from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, UBS Group reduced their price objective on Karooooo from $60.00 to $55.00 and set a “buy” rating for the company in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $63.25.

Karooooo Trading Up 1.2%

Karooooo stock traded up $0.68 during trading on Wednesday, reaching $58.58. The company had a trading volume of 309,688 shares, compared to its average volume of 74,336. Karooooo has a 12-month low of $41.25 and a 12-month high of $60.53. The stock’s 50 day moving average price is $49.43 and its two-hundred day moving average price is $48.51. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 31.66 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.06.

Karooooo (NASDAQ:KARO) last released its quarterly earnings data on Wednesday, July 15th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. Karooooo had a return on equity of 31.26% and a net margin of 18.07%.The company had revenue of $96.26 million for the quarter. Karooooo has set its FY 2027 guidance at 2.334-2.425 EPS. As a group, equities analysts expect that Karooooo will post 2.37 earnings per share for the current fiscal year.

Karooooo Increases Dividend

The company also recently declared an annual dividend, which will be paid on Monday, July 27th. Investors of record on Friday, July 17th will be paid a dividend of $1.50 per share. This is a positive change from Karooooo’s previous annual dividend of $1.25. The ex-dividend date of this dividend is Friday, July 17th. This represents a yield of 347.0%. Karooooo’s payout ratio is presently 67.57%.

Institutional Trading of Karooooo

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% in the second quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock valued at $2,723,000 after acquiring an additional 48,644 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Karooooo by 115.4% in the 3rd quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock worth $4,234,000 after purchasing an additional 39,709 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Karooooo during the 2nd quarter valued at approximately $1,378,000. Raymond James Financial Inc. boosted its position in Karooooo by 7,327.7% during the 3rd quarter. Raymond James Financial Inc. now owns 27,631 shares of the company’s stock valued at $1,578,000 after purchasing an additional 27,259 shares during the period. Finally, Bank of America Corp DE grew its stake in Karooooo by 514.8% during the 3rd quarter. Bank of America Corp DE now owns 31,357 shares of the company’s stock worth $1,791,000 after buying an additional 26,257 shares during the last quarter.

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.