William Blair Brokers Reduce Earnings Estimates for Karooooo

Karooooo Ltd. (NASDAQ:KARO) – Equities research analysts at William Blair reduced their FY2025 earnings per share estimates for Karooooo in a report issued on Wednesday, January 15th. William Blair analyst D. Becker now expects that the company will post earnings per share of $1.52 for the year, down from their previous estimate of $1.58. The consensus estimate for Karooooo’s current full-year earnings is $1.57 per share.

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

Karooooo Stock Performance

KARO stock opened at $45.16 on Monday. The company has a market capitalization of $1.39 billion, a P/E ratio of 28.95 and a beta of 1.03. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.25 and a quick ratio of 1.24. The business has a 50-day moving average price of $45.20 and a 200 day moving average price of $40.34. Karooooo has a 1-year low of $23.35 and a 1-year high of $50.54.

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

Hedge Funds Weigh In On Karooooo

A number of large investors have recently added to or reduced their stakes in the company. Capricorn Fund Managers Ltd purchased a new stake in shares of Karooooo during the fourth quarter worth about $6,146,000. Renaissance Technologies LLC boosted its position in Karooooo by 23.3% in the 2nd quarter. Renaissance Technologies LLC now owns 17,757 shares of the company’s stock worth $520,000 after purchasing an additional 3,356 shares in the last quarter. Gladius Capital Management LP boosted its position in Karooooo by 124.2% in the 3rd quarter. Gladius Capital Management LP now owns 14,513 shares of the company’s stock worth $575,000 after purchasing an additional 8,041 shares in the last quarter. Walleye Capital LLC purchased a new stake in Karooooo in the 3rd quarter worth approximately $323,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Karooooo during the 3rd quarter worth approximately $216,000.

About Karooooo

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.