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 -10.78% downside from KARO’s last price of $40.35) 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 -10.78% downside from KARO's last price of $40.35.
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 | $33.00 | $34.22 | -3.57% | -18.22% |
| May 16, 2024 | Parker Lane | Stifel Nicolaus | $28.00 | $27.50 | 1.82% | -30.61% |
| Jul 29, 2022 | - | Raymond James | $34.00 | $25.85 | 31.53% | -15.74% |
| Jul 28, 2022 | Parker Lane | Stifel Nicolaus | $34.00 | $25.27 | 34.53% | -15.74% |
| May 06, 2022 | - | Morgan Stanley | $41.00 | $30.50 | 34.43% | 1.61% |
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 -18.22% decrease from KARO last price ($40.35).
Karooooo Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $30.50 |
| Last Closing Price | $40.35 | $40.35 | $40.35 |
| Upside/Downside | -100.00% | -100.00% | -24.41% |
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 $40.35. 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 | $1.49B | $1.45B | $1.41B | $1.39B | $1.35B | $1.31B | $1.26B | $1.23B | $1.19B | $1.16B | $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 | $1.49B | $1.46B | $1.41B | $1.39B | $1.35B | $1.31B | $1.27B | $1.23B | $1.19B | $1.16B | $1.10B | $1.06B | $1.05B | $1.04B | $1.02B | $938.87M | $931.29M | $893.82M | $797.40M | $768.49M | $722.15M | $686.91M | $662.75M | $618.23M | $568.81M |
| Low Forecast | $1.49B | $1.45B | $1.41B | $1.39B | $1.34B | $1.31B | $1.26B | $1.23B | $1.19B | $1.15B | $1.09B | $1.06B | $1.05B | $950.92M | $1.02B | $936.63M | $929.06M | $891.69M | $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 $936.63M, and a high forecast of $938.87M. 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 | $514.95M | $502.60M | $487.98M | $480.15M | $465.11M | $452.39M | $437.05M | $424.40M | $411.33M | $399.34M | $378.13M | $365.19M | $362.86M | $340.21M | $352.41M | $324.17M | $321.55M | $308.62M | $275.24M | $265.26M | $249.26M | $237.10M | $228.76M | $213.39M | $196.33M |
| High Forecast | $515.53M | $503.16M | $488.52M | $480.68M | $465.64M | $452.90M | $437.54M | $424.88M | $411.58M | $400.20M | $378.56M | $365.60M | $363.27M | $358.86M | $352.81M | $324.53M | $321.91M | $308.96M | $275.63M | $265.64M | $249.62M | $237.44M | $229.09M | $213.70M | $196.62M |
| Low Forecast | $514.30M | $501.96M | $487.36M | $479.54M | $464.52M | $451.82M | $436.49M | $423.86M | $411.03M | $398.42M | $377.65M | $364.73M | $362.40M | $328.70M | $351.96M | $323.76M | $321.14M | $308.22M | $274.84M | $264.87M | $248.90M | $236.76M | $228.43M | $213.09M | $196.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.77% | 0.70% | 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 $324.17M, with a high of $324.53M and a low of $323.76M. This is 31.63% 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 | $303.32M | $290.57M | $282.17M | $275.01M | $253.86M | $240.01M | $229.13M | $220.26M | $217.61M | $209.21M | $209.93M | $195.68M | $1.95B | $177.75M | $170.88M | $165.21M | $1.97B | $2.50B | $143.20M | $132.79M | $1.72B | $139.20M | $126.70M | $1.21B | $119.27M |
| High Forecast | $303.76M | $290.99M | $282.58M | $275.41M | $254.23M | $240.36M | $229.46M | $220.58M | $217.93M | $209.52M | $213.41M | $199.55M | $2.35B | $190.01M | $171.13M | $165.45M | $2.37B | $3.00B | $143.47M | $133.04M | $2.06B | $139.46M | $126.94M | $1.46B | $119.50M |
| Low Forecast | $302.82M | $290.09M | $281.70M | $274.56M | $253.44M | $239.62M | $228.75M | $219.89M | $212.17M | $208.87M | $206.46M | $191.80M | $1.56B | $165.49M | $170.60M | $164.93M | $1.58B | $2.00B | $142.93M | $132.54M | $1.37B | $138.94M | $126.47M | $971.11M | $119.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.07% | 0.06% | 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 $164.93M to $165.45M. 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 | $478.62M | $467.13M | $453.55M | $446.27M | $432.30M | $420.47M | $406.21M | $394.46M | $382.31M | $371.17M | $351.45M | $339.43M | $337.26M | $316.21M | $327.55M | $301.30M | $298.87M | $286.84M | $255.82M | $246.54M | $231.67M | $220.37M | $212.62M | $198.34M | $182.48M |
| High Forecast | $479.16M | $467.66M | $454.06M | $446.77M | $432.78M | $420.94M | $406.67M | $394.90M | $382.54M | $371.97M | $351.85M | $339.81M | $337.64M | $333.54M | $327.91M | $301.64M | $299.20M | $287.16M | $256.19M | $246.90M | $232.01M | $220.69M | $212.93M | $198.62M | $182.75M |
| Low Forecast | $478.01M | $466.54M | $452.97M | $445.70M | $431.75M | $419.94M | $405.70M | $393.96M | $382.03M | $370.31M | $351.01M | $338.99M | $336.83M | $305.51M | $327.13M | $300.92M | $298.49M | $286.48M | $255.45M | $246.19M | $231.34M | $220.05M | $212.31M | $198.05M | $182.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.06% | 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 $300.92M to $301.64M. 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 | $9.82 | $9.40 | $9.13 | $8.90 | $8.22 | $7.77 | $7.42 | $7.13 | $7.04 | $6.77 | $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 | $9.83 | $9.42 | $9.15 | $8.91 | $8.23 | $7.78 | $7.43 | $7.14 | $7.05 | $6.78 | $6.91 | $6.46 | $6.37 | $6.15 | $5.54 | $5.35 | $4.62 | $5.24 | $4.64 | $4.30 | $4.57 | $4.51 | $4.11 | $3.80 | $3.87 |
| Low Forecast | $9.80 | $9.39 | $9.12 | $8.89 | $8.20 | $7.76 | $7.40 | $7.12 | $6.87 | $6.76 | $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 $5.35. This represents a 10.48% increase compared to KARO previous annual EPS of $4.84 (Feb 23).
Karooooo Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| EXFY | Expensify | $1.84 | $13.75 | 647.28% | Buy |
| RSSS | Research Solutions | $2.60 | $5.00 | 92.31% | Buy |
| AMSWA | American Software | $10.95 | $15.50 | 41.55% | Buy |
| ALKT | Alkami | $36.53 | $45.67 | 25.02% | Buy |
| ENV | Envestnet | $62.79 | $67.86 | 8.07% | Hold |
| CWAN | Clearwater Analytics | $26.31 | $26.33 | 0.08% | Buy |
| KARO | Karooooo | $40.35 | $36.00 | -10.78% | Buy |
| MLNK | MeridianLink | $23.09 | $20.00 | -13.38% | Buy |
KARO Forecast FAQ
Is Karooooo a good buy?
Yes, according to 3 Wall Street analysts, Karooooo (KARO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 66.67% of KARO's total ratings.
What is KARO's price target?
Karooooo (KARO) average price target is $36 with a range of $33 to $41, implying a -10.78% from its last price of $40.35. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Karooooo stock go up soon?
According to Wall Street analysts' prediction for KARO stock, the company can go down by -10.78% (from the last price of $40.35 to the average price target of $36), up by 1.61% based on the highest stock price target, and down by -18.22% based on the lowest stock price target.
Can Karooooo stock reach $60?
KARO's average twelve months analyst stock price target of $36 does not support the claim that Karooooo can reach $60 in the near future.
What are Karooooo's analysts' financial forecasts?
Karooooo's analysts financial forecasts for the fiscal year (Feb 2026) are as follows: average revenue is $5.15B (high $5.15B, low $5.14B), average EBITDA is $1.78B (high $1.78B, low $1.78B), average net income is $943.25M (high $944.63M, low $941.7M), average SG&A $1.65B (high $1.66B, low $1.65B), and average EPS is $30.53 (high $30.57, low $30.48). KARO's analysts financial forecasts for the fiscal year (Feb 2027) are as follows: average revenue is $5.74B (high $5.75B, low $5.74B), average EBITDA is $1.99B (high $1.99B, low $1.98B), average net income is $1.15B (high $1.15B, low $1.15B), average SG&A $1.85B (high $1.85B, low $1.84B), and average EPS is $37.26 (high $37.31, low $37.19).
Did the KARO's actual financial results beat the analysts' financial forecasts?
Based on Karooooo's last annual report (Feb 2023), the company's revenue was $3.51B, beating the average analysts forecast of $3.39B by 3.55%. Apple's EBITDA was $905.17M, missing the average prediction of $1.17B by -22.68%. The company's net income was $597.15M, missing the average estimation of $4.75B by -87.44%. Apple's SG&A was $1.14B, beating the average forecast of $1.09B by 4.38%. Lastly, the company's EPS was $0, missing the average prediction of $18.78 by -100.00%. In terms of the last quarterly report (Feb 2023), Karooooo's revenue was $916.36M, missing the average analysts' forecast of $930.25M by -1.49%. The company's EBITDA was $246.27M, missing the average prediction of $321.55M by -23.41%. Karooooo's net income was $145.52M, missing the average estimation of $1.97B by -92.63%. The company's SG&A was $295.33M, missing the average forecast of $298.87M by -1.18%. Lastly, the company's EPS was $4.84, beating the average prediction of $4.61 by 4.94%