Karooooo (NASDAQ:KARO) Issues FY 2027 Earnings Guidance

Karooooo (NASDAQ:KARO) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.350-2.440 for the period, compared to the consensus EPS estimate of 2.240. The company issued revenue guidance of -.

Analyst Ratings Changes

Several equities analysts have weighed in on KARO shares. Roth Mkm began coverage on shares of Karooooo in a report on Tuesday, February 17th. They set a “buy” rating and a $62.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Karooooo in a research note on Friday, April 24th. Finally, Wall Street Zen upgraded Karooooo from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Karooooo Stock Down 2.0%

Shares of KARO traded down $0.96 during mid-day trading on Wednesday, reaching $47.47. 116,667 shares of the stock traded hands, compared to its average volume of 59,138. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 25.66 and a beta of 0.92. The stock has a fifty day simple moving average of $48.91 and a 200 day simple moving average of $47.20. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06. Karooooo has a 12-month low of $41.25 and a 12-month high of $63.36.

Karooooo (NASDAQ:KARO) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $90.93 million for the quarter. Karooooo had a return on equity of 31.83% and a net margin of 19.45%. Sell-side analysts expect that Karooooo will post 2.05 EPS for the current fiscal year.

Institutional Trading of Karooooo

A number of institutional investors and hedge funds have recently modified their holdings of KARO. Royal Bank of Canada grew its holdings in shares of Karooooo by 852.9% during the fourth quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock valued at $135,000 after purchasing an additional 2,644 shares during the last quarter. Quantbot Technologies LP bought a new position in Karooooo during the 2nd quarter worth $156,000. New York State Common Retirement Fund grew its stake in 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 buying an additional 2,682 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in Karooooo in the second quarter worth $214,000. Finally, Squarepoint Ops LLC bought a new stake in Karooooo in the fourth quarter valued at $226,000.

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.