Karooooo (KARO) Stock Forecast, Price Target & Predictions
KARO Stock Forecast
Karooooo stock forecast is as follows: an average price target of $36.00 (represents a -11.13% downside from KARO’s last price of $40.51) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
KARO Price Target
The average price target for Karooooo (KARO) is $36.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $41.00 to $33.00. This represents a potential -11.13% downside from KARO's last price of $40.51.
KARO Analyst Ratings
According to 3 Wall Street analysts, Karooooo's rating consensus is 'Buy'. The analyst rating breakdown for KARO stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 1 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Karooooo Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 19, 2024 | Parker Lane | Stifel Nicolaus | - | - | -3.57% | -18.54% |
| May 16, 2024 | Parker Lane | Stifel Nicolaus | - | - | 1.82% | -30.88% |
| Jul 29, 2022 | Raymond James | - | - | 31.53% | -16.07% | |
| Jul 28, 2022 | Parker Lane | Stifel Nicolaus | - | - | 34.53% | -16.07% |
| May 06, 2022 | Morgan Stanley | - | - | 34.43% | 1.21% |
The latest Karooooo stock forecast, released on Jul 19, 2024 by Parker Lane from Stifel Nicolaus, set a price target of $33.00, which represents a -3.57% decrease from the stock price at the time of the forecast ($34.22), and a -18.54% decrease from KARO last price ($40.51).
Karooooo Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $30.50 |
| Last Closing Price | $40.51 | $40.51 | $40.51 |
| Upside/Downside | -100.00% | -100.00% | -24.71% |
In the current month, the average price target of Karooooo stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Karooooo's last price of $40.51. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 11, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Oct 14, 2022 | Raymond James | Outperform | Outperform | Hold |
| Jul 29, 2022 | Raymond James | Outperform | Outperform | Hold |
| Apr 26, 2022 | Zacks Investment Research | Hold | Upgrade |
Karooooo's last stock rating was published by Morgan Stanley on Jul 11, 2024. The company gave KARO a "Overweight" rating, the same as its previous rate.
Karooooo Financial Forecast
Karooooo Revenue Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $916.36M | $929.99M | $859.28M | $801.44M | $741.65M | $719.54M | $658.77M | $626.19M | $615.74M |
| Avg Forecast | $1.44B | $1.41B | $1.36B | $1.34B | $1.30B | $1.26B | $1.22B | $1.19B | $1.15B | $1.12B | $1.09B | $1.06B | $1.05B | $984.24M | $1.02B | $937.82M | $930.25M | $892.82M | $796.26M | $767.38M | $721.11M | $685.92M | $661.80M | $617.34M | $567.99M |
| High Forecast | $1.44B | $1.41B | $1.37B | $1.34B | $1.30B | $1.27B | $1.22B | $1.19B | $1.15B | $1.12B | $1.10B | $1.06B | $1.05B | $1.04B | $1.02B | $939.14M | $931.56M | $894.08M | $797.40M | $768.49M | $722.15M | $686.91M | $662.75M | $618.23M | $568.81M |
| Low Forecast | $1.44B | $1.40B | $1.36B | $1.34B | $1.30B | $1.26B | $1.22B | $1.18B | $1.15B | $1.11B | $1.09B | $1.06B | $1.05B | $950.92M | $1.02B | $936.50M | $928.93M | $891.56M | $795.11M | $766.28M | $720.07M | $684.93M | $660.85M | $616.46M | $567.17M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.04% | 1.08% | 1.04% | 1.03% | 1.05% | 1.00% | 1.01% | 1.08% |
Karooooo's average Quarter revenue forecast for May 23 based on 1 analysts is $937.82M, with a low forecast of $936.50M, and a high forecast of $939.14M. KARO's average Quarter revenue forecast represents a 2.34% increase compared to the company's last Quarter revenue of $916.36M (Feb 23).
Karooooo EBITDA Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $246.27M | $215.67M | $222.89M | $220.33M | $150.83M | $204.12M | $175.29M | $138.91M | $202.00M |
| Avg Forecast | $608.16M | $593.57M | $576.31M | $567.06M | $549.31M | $534.28M | $516.16M | $501.22M | $485.79M | $471.63M | $462.12M | $446.30M | $160.08M | $415.78M | $430.69M | $396.17M | $171.20M | $207.66M | $275.24M | $265.26M | $249.26M | $237.10M | $228.76M | $213.39M | $196.33M |
| High Forecast | $609.02M | $594.41M | $577.12M | $567.86M | $550.08M | $535.03M | $516.89M | $501.93M | $486.08M | $472.64M | $462.77M | $446.93M | $192.09M | $438.57M | $431.29M | $396.73M | $205.44M | $249.19M | $275.63M | $265.64M | $249.62M | $237.44M | $229.09M | $213.70M | $196.62M |
| Low Forecast | $607.30M | $592.73M | $575.49M | $566.26M | $548.53M | $533.52M | $515.43M | $500.51M | $485.43M | $470.54M | $461.47M | $445.67M | $128.06M | $401.70M | $430.08M | $395.61M | $136.96M | $166.12M | $274.84M | $264.87M | $248.90M | $236.76M | $228.43M | $213.09M | $196.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.44% | 1.04% | 0.81% | 0.83% | 0.61% | 0.86% | 0.77% | 0.65% | 1.03% |
1 analysts predict KARO's average Quarter EBITDA for May 23 to be $396.17M, with a high of $396.73M and a low of $395.61M. This is 60.87% upper than Karooooo's previous annual EBITDA (Feb 23) of $246.27M.
Karooooo Net Income Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $145.52M | $145.55M | $152.54M | $153.53M | $97.22M | $148.31M | $119.15M | $88.28M | $59.31M |
| Avg Forecast | $293.12M | $280.80M | $272.68M | $265.76M | $245.32M | $231.94M | $221.42M | $212.85M | $210.30M | $202.18M | $209.93M | $195.68M | $103.19M | $177.75M | $170.88M | $165.21M | $110.36M | $148.73M | $143.20M | $132.79M | $1.72B | $139.20M | $126.70M | $1.21B | $119.27M |
| High Forecast | $293.66M | $281.31M | $273.18M | $266.25M | $245.77M | $232.37M | $221.83M | $213.24M | $210.68M | $202.55M | $213.41M | $199.55M | $123.83M | $190.01M | $171.20M | $165.51M | $132.43M | $178.48M | $143.47M | $133.04M | $2.06B | $139.46M | $126.94M | $1.46B | $119.50M |
| Low Forecast | $292.58M | $280.28M | $272.18M | $265.28M | $244.87M | $231.52M | $221.01M | $212.46M | $205.04M | $201.81M | $206.46M | $191.80M | $82.55M | $165.49M | $170.57M | $164.90M | $88.29M | $118.99M | $142.93M | $132.54M | $1.37B | $138.94M | $126.47M | $971.11M | $119.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.32% | 0.98% | 1.07% | 1.16% | 0.06% | 1.07% | 0.94% | 0.07% | 0.50% |
Karooooo's average Quarter net income forecast for May 23 is $165.21M, with a range of $164.90M to $165.51M. KARO's average Quarter net income forecast represents a 13.53% increase compared to the company's last Quarter net income of $145.52M (Feb 23).
Karooooo SG&A Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $295.33M | $303.20M | $286.06M | $251.15M | $242.23M | $212.43M | $216.57M | $227.66M | $204.73M |
| Avg Forecast | $462.52M | $451.43M | $438.30M | $431.26M | $417.76M | $406.33M | $392.55M | $381.19M | $369.45M | $358.68M | $351.45M | $339.43M | $259.47M | $316.21M | $327.55M | $301.30M | $277.51M | $216.10M | $255.82M | $246.54M | $231.67M | $220.37M | $212.62M | $198.34M | $182.48M |
| High Forecast | $463.18M | $452.06M | $438.91M | $431.87M | $418.35M | $406.91M | $393.11M | $381.73M | $369.68M | $359.46M | $351.95M | $339.90M | $311.37M | $333.54M | $328.01M | $301.72M | $333.02M | $259.32M | $256.19M | $246.90M | $232.01M | $220.69M | $212.93M | $198.62M | $182.75M |
| Low Forecast | $461.87M | $450.79M | $437.68M | $430.65M | $417.17M | $405.76M | $392.00M | $380.65M | $369.18M | $357.86M | $350.96M | $338.95M | $207.58M | $305.51M | $327.08M | $300.87M | $222.01M | $172.88M | $255.45M | $246.19M | $231.34M | $220.05M | $212.31M | $198.05M | $182.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 1.40% | 1.12% | 1.02% | 1.05% | 0.96% | 1.02% | 1.15% | 1.12% |
Karooooo's average Quarter SG&A projection for May 23 is $301.30M, based on 1 Wall Street analysts, with a range of $300.87M to $301.72M. The forecast indicates a 2.02% rise compared to KARO last annual SG&A of $295.33M (Feb 23).
Karooooo EPS Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.84 | $4.70 | $4.93 | $4.96 | $3.14 | $4.79 | $3.85 | $3.49 | $2.60 |
| Avg Forecast | $9.49 | $9.09 | $8.83 | $8.60 | $7.94 | $7.51 | $7.17 | $6.89 | $6.81 | $6.54 | $6.79 | $6.33 | $6.24 | $5.75 | $5.53 | $5.35 | $4.61 | $5.24 | $4.63 | $4.30 | $4.56 | $4.50 | $4.10 | $3.79 | $3.86 |
| High Forecast | $9.50 | $9.11 | $8.84 | $8.62 | $7.95 | $7.52 | $7.18 | $6.90 | $6.82 | $6.56 | $6.91 | $6.46 | $6.37 | $6.15 | $5.54 | $5.36 | $4.62 | $5.25 | $4.64 | $4.30 | $4.57 | $4.51 | $4.11 | $3.80 | $3.87 |
| Low Forecast | $9.47 | $9.07 | $8.81 | $8.59 | $7.93 | $7.49 | $7.15 | $6.88 | $6.64 | $6.53 | $6.68 | $6.21 | $6.10 | $5.36 | $5.52 | $5.34 | $4.60 | $5.23 | $4.63 | $4.29 | $4.55 | $4.50 | $4.09 | $3.78 | $3.85 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 0.90% | 1.06% | 1.15% | 0.69% | 1.06% | 0.94% | 0.92% | 0.67% |
According to 1 Wall Street analysts, Karooooo's projected average Quarter EPS for May 23 is $5.35, with a low estimate of $5.34 and a high estimate of $5.36. This represents a 10.48% increase compared to KARO previous annual EPS of $4.84 (Feb 23).