Karooooo (NASDAQ:KARO – Free Report) had its price target upped by Morgan Stanley from $31.00 to $37.00 in a report issued on Thursday, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.
Karooooo Stock Down 0.2 %
Karooooo stock opened at $32.73 on Thursday. Karooooo has a 12-month low of $18.59 and a 12-month high of $37.11. The firm’s 50-day moving average is $30.11 and its two-hundred day moving average is $27.19. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.06.
Karooooo (NASDAQ:KARO – Get Free Report) last released its quarterly earnings results on Wednesday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Karooooo had a net margin of 17.54% and a return on equity of 27.24%. The company had revenue of $57.64 million for the quarter, compared to analysts’ expectations of $55.54 million. On average, equities analysts anticipate that Karooooo will post 1.55 EPS for the current fiscal year.
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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.
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