Karooooo (NASDAQ:KARO) Updates FY 2027 Earnings Guidance

Karooooo (NASDAQ:KARO) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) 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 -.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wall Street Zen lowered Karooooo from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Karooooo in a research note on Friday, April 24th. Roth Capital restated a “buy” rating and set a $68.00 price target on shares of Karooooo in a research note on Thursday, May 14th. UBS Group lowered their price objective on shares of Karooooo from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Finally, Zacks Research raised Karooooo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, Karooooo presently has an average rating of “Buy” and an average target price of $63.25.

Karooooo Price Performance

Shares of NASDAQ KARO opened at $58.58 on Thursday. Karooooo has a 52 week low of $41.25 and a 52 week high of $60.53. The business’s 50 day moving average price is $49.60 and its 200 day moving average price is $48.59. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.81 billion, a P/E ratio of 31.66 and a beta of 0.89.

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

Karooooo Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, July 27th. Investors of record on Friday, July 17th will be issued a dividend of $1.50 per share. This represents a dividend yield of 347.0%. This is a boost from Karooooo’s previous annual dividend of $1.25. The ex-dividend date of this dividend is Friday, July 17th. Karooooo’s dividend payout ratio is 81.08%.

Institutional Investors Weigh In On Karooooo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prosperity Wealth Management Inc. acquired a new position in shares of Karooooo in the 3rd quarter valued at about $446,000. Lazard Asset Management LLC grew its holdings in Karooooo by 7.5% during the third quarter. Lazard Asset Management LLC now owns 6,139 shares of the company’s stock worth $351,000 after acquiring an additional 430 shares during the period. BNP Paribas Financial Markets raised its position in Karooooo by 22.8% during the third quarter. BNP Paribas Financial Markets now owns 6,195 shares of the company’s stock valued at $354,000 after acquiring an additional 1,150 shares in the last quarter. Bank of America Corp DE raised its position in Karooooo by 17.2% during the second 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. Finally, Jane Street Group LLC acquired a new position in Karooooo in the second quarter valued at approximately $269,000.

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.