William Blair Brokers Lower Earnings Estimates for Karooooo

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 expects that the company will post earnings of $1.52 per share for the year, down from their previous forecast of $1.58. The consensus estimate for Karooooo’s current full-year earnings is $1.61 per share.

Karooooo (NASDAQ:KARO) last issued its quarterly earnings results on Tuesday, January 14th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Karooooo had a return on equity of 29.39% and a net margin of 19.29%.

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

Karooooo Trading Up 1.5 %

Shares of NASDAQ:KARO opened at $45.40 on Monday. The company has a fifty day simple moving average of $45.01 and a 200 day simple moving average of $40.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.18. Karooooo has a 12-month low of $23.35 and a 12-month high of $50.54.

Hedge Funds Weigh In On Karooooo

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

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.