Karooooo Ltd [KARO] stock prices are up 6.11% to $50.00 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The KARO shares have gain 10.74% over the last week, with a monthly amount glided 0.83%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Karooooo Ltd [NASDAQ: KARO] stock has seen the most recent analyst activity on January 23, 2023, when Stifel downgraded its rating to a Hold but kept the price target unchanged to $26 for it. Previously, Raymond James started tracking the stock with Outperform rating on June 11, 2021, and set its price target to $45. On April 29, 2021, Stifel initiated with a Buy rating and assigned a price target of $51 on the stock. Morgan Stanley started tracking the stock assigning a Overweight rating and suggested a price target of $45 on April 27, 2021. Canaccord Genuity initiated its recommendation with a Buy and recommended $45 as its price target on April 27, 2021. BofA Securities started tracking with a Buy rating for this stock on April 27, 2021, and assigned it a price target of $52. In a note dated April 26, 2021, William Blair initiated an Outperform rating.
The stock price of Karooooo Ltd [KARO] has been fluctuating between $23.35 and $50.50 over the past year. Currently, Wall Street analysts expect the stock to reach $33 within the next 12 months. Karooooo Ltd [NASDAQ: KARO] shares were valued at $50.00 at the most recent close of the market. An investor can expect a potential drop of -34.0% based on the average KARO price forecast.
Analyzing the KARO fundamentals
The Karooooo Ltd [NASDAQ:KARO] reported sales of 233.64M for trailing twelve months, representing a surge of 8.35%. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 0.29 and Total Capital is 0.36. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 47.83 points at the first support level, and at 45.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.36, and for the 2nd resistance point, it is at 52.72.
Ratios To Look Out For
It’s worth pointing out that Karooooo Ltd [NASDAQ:KARO]’s Current Ratio is 1.18. In addition, the Quick Ratio stands at 1.17 and the Cash Ratio stands at 0.67. Considering the valuation of this stock, the price to sales ratio is 6.61, the price to book ratio is 10.27 and price to earnings (TTM) ratio is 34.31.
Transactions by insiders
Recent insider trading involved Isaias Jose Calisto, Chief Executive Officer, that happened on Nov 13 ’24 when 8000.0 shares were purchased. Chief Executive Officer, Isaias Jose Calisto completed a deal on Aug 12 ’24 to buy 0.31 million shares.
