<div id="readability-page-1"><p><span>Karooooo (NASDAQ:KARO - Get Free Report)</span> was upgraded by stock analysts at Wall Street Zen from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report issued on Saturday.</p><p>KARO has been the subject of several other research reports. UBS Group assumed coverage on shares of Karooooo in a research report on Friday, August 29th. They set a &#34;buy&#34; rating and a $60.00 price target for the company. Weiss Ratings started coverage on Karooooo in a report on Thursday, October 16th. They set a &#34;hold (c+)&#34; rating on the stock. Finally, Zacks Research lowered Karooooo from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Thursday, September 11th. Four equities research analysts have rated the stock with a Buy rating and two have issued  a Hold rating to the company. Based on data from MarketBeat, Karooooo currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $58.25.</p><p><b>View Our Latest Research Report on Karooooo</b></p><h2>Karooooo Stock Up 6.0%</h2><p>Shares of Karooooo stock opened at $47.13 on Friday. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 26.33 and a beta of 1.06. Karooooo has a twelve month low of $35.88 and a twelve month high of $63.36. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.08. The business's 50 day simple moving average is $47.29 and its 200-day simple moving average is $49.82. </p><p>Karooooo (NASDAQ:KARO - Get Free Report) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. Karooooo had a return on equity of 31.64% and a net margin of 19.90%.The firm had revenue of $76.16 million during the quarter, compared to the consensus estimate of $73.45 million. Karooooo has set its FY 2026 guidance at 1.830-2.000 EPS.  Equities research analysts forecast that  Karooooo will post 1.57 earnings per share for the current year. </p><h2>Hedge Funds Weigh In On Karooooo</h2><p>A number of institutional investors and hedge funds have recently added to or reduced their stakes in KARO. Telemark Asset Management LLC bought a new stake in shares of  Karooooo in the 2nd quarter worth $11,028,000.  Capricorn Fund Managers Ltd raised its position in  Karooooo by 10.3% in the third quarter. Capricorn Fund Managers Ltd now owns 170,756 shares of the company's stock worth $9,754,000 after acquiring an additional 16,000 shares in the last quarter.  Fiera Capital Corp acquired a new stake in  Karooooo in the 2nd quarter valued at about $5,878,000.  Two Sigma Investments LP boosted its position in shares of  Karooooo by 115.4% during the 3rd quarter. Two Sigma Investments LP now owns 74,130 shares of the company's stock valued at $4,234,000 after purchasing an additional 39,709 shares in the last quarter.  Finally, Acadian Asset Management LLC grew its stake in shares of  Karooooo by 50.1% in the 2nd quarter. Acadian Asset Management LLC now owns 69,705 shares of the company's stock worth $3,391,000 after purchasing an additional 23,251 shares during the last quarter. </p><h2>About Karooooo</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Karooooo</li><li>ESG Stocks, What Investors Should Know</li><li>Rocket Lab’s Big Rebound? Analysts Suggest the Dip's a Gift</li><li>3 Small Caps With Big Return Potential</li><li>Meta’s AI Moment? New SAM 3 Model Has Wall Street Turning Bullish</li><li>EV Stocks and How to Profit from Them </li><li>Snowflake Stock: The Dip That Smart Investors Are Buying Right Now</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9S0FSTw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9S0FSTw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Karooooo Right Now?</h2><p>Before you consider Karooooo, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Karooooo wasn't on the list.</p><p>While Karooooo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

KARO

<p>Wall Street Zen upgraded Karooooo (NASDAQ:KARO) from "hold" to "buy". UBS Group and Weiss Ratings also issued ratings, with UBS setting a $60 price target. Karooooo's stock opened at $47.13, with a market cap of $1.46 billion. Analysts forecast 1.57 EPS for the year. Hedge funds have adjusted their stakes in Karooooo. The company offers mobility SaaS platforms globally.</p>

Karooooo (NASDAQ:KARO) Raised to Buy at Wall Street Zen