Karooooo (KARO) to Release Quarterly Earnings on Wednesday

Karooooo (NASDAQ:KARO) will release its earnings data after the market closes on Wednesday, May 15th. Analysts expect the company to announce earnings of $0.33 per share for the quarter.

Karooooo Stock Down 1.3 %

KARO opened at $27.97 on Wednesday. Karooooo has a 52 week low of $18.59 and a 52 week high of $32.00. The business has a 50 day moving average price of $26.48 and a two-hundred day moving average price of $25.27. The company has a quick ratio of 1.34, a current ratio of 1.38 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

Several brokerages have issued reports on KARO. Morgan Stanley reissued an “overweight” rating and issued a $31.00 price objective on shares of Karooooo in a research note on Monday, April 22nd. Raymond James boosted their target price on Karooooo from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th.

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.