FY2025 EPS Estimates for Karooooo Decreased by William Blair

Karooooo Ltd. (NASDAQ:KARO) – Equities researchers at William Blair dropped their FY2025 EPS estimates for shares of Karooooo in a note issued to investors on Wednesday, January 15th. William Blair analyst D. Becker now forecasts that the company will earn $1.52 per share for the year, down from their prior forecast of $1.58. The consensus estimate for Karooooo’s current full-year earnings is $1.57 per share.

Separately, Raymond James reaffirmed an “outperform” rating and set a $51.00 price target (up previously from $46.00) on shares of Karooooo in a report on Thursday, January 16th.

Karooooo Stock Performance

Shares of KARO stock opened at $45.16 on Monday. Karooooo has a one year low of $23.35 and a one year high of $50.54. The company’s 50-day moving average is $45.20 and its 200 day moving average is $40.34. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 28.95 and a beta of 1.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.25.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings data on Tuesday, January 14th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. Karooooo had a net margin of 19.87% and a return on equity of 30.29%.

Institutional Investors Weigh In On Karooooo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake in Karooooo by 50.6% during the second quarter. Acadian Asset Management LLC now owns 4,096 shares of the company’s stock worth $116,000 after buying an additional 1,377 shares during the period. Quadrature Capital Ltd purchased a new position in Karooooo during the third quarter worth $216,000. Walleye Capital LLC purchased a new position in Karooooo during the third quarter worth $323,000. Gladius Capital Management LP boosted its stake in Karooooo by 124.2% during the third quarter. Gladius Capital Management LP now owns 14,513 shares of the company’s stock worth $575,000 after buying an additional 8,041 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Karooooo by 23.3% during the second quarter. Renaissance Technologies LLC now owns 17,757 shares of the company’s stock worth $520,000 after buying an additional 3,356 shares during the period.

Karooooo Company Profile

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.