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 -5.54% downside from KARO’s last price of $38.11) 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 -5.54% downside from KARO's last price of $38.11.
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% | -13.41% |
| May 16, 2024 | Parker Lane | Stifel Nicolaus | $28.00 | $27.50 | 1.82% | -26.53% |
| Jul 29, 2022 | - | Raymond James | $34.00 | $25.85 | 31.53% | -10.78% |
| Jul 28, 2022 | Parker Lane | Stifel Nicolaus | $34.00 | $25.27 | 34.53% | -10.78% |
| May 06, 2022 | - | Morgan Stanley | $41.00 | $30.50 | 34.43% | 7.58% |
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 -13.41% decrease from KARO last price ($38.11).
Karooooo Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $33.00 | $30.50 |
| Last Closing Price | $38.11 | $38.11 | $38.11 |
| Upside/Downside | -100.00% | -13.41% | -19.97% |
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 $38.11. This month's average price target is down -100.00% 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 | $1.47B | $1.44B | $1.39B | $1.37B | $1.34B | $1.30B | $1.24B | $1.21B | $1.18B | $1.15B | $1.09B | $1.06B | $1.05B | $984.24M | $1.02B | $937.82M | $930.25M | $892.82M | $14.31B | $11.02B | $721.11M | $685.92M | $661.80M | $617.34M | $567.99M |
| High Forecast | $1.47B | $1.44B | $1.39B | $1.37B | $1.34B | $1.30B | $1.24B | $1.21B | $1.18B | $1.15B | $1.10B | $1.06B | $1.05B | $1.04B | $1.02B | $937.82M | $930.25M | $892.82M | $17.18B | $13.22B | $725.12M | $689.74M | $665.48M | $620.78M | $571.16M |
| Low Forecast | $1.47B | $1.44B | $1.39B | $1.37B | $1.34B | $1.30B | $1.24B | $1.21B | $1.18B | $1.15B | $1.09B | $1.06B | $1.05B | $950.92M | $1.02B | $937.82M | $930.25M | $892.82M | $11.45B | $8.81B | $717.22M | $682.22M | $658.23M | $614.02M | $564.93M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 3 | 1 | 1 | 7 | 6 | 14 | 8 | - | 1 | 1 | 1 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.04% | 0.06% | 0.07% | 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 $937.82M, and a high forecast of $937.82M. 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 | 2 | 1 | 1 | 3 | 1 | 1 | 7 | 6 | 14 | 8 | - | 1 | 1 | 1 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $246.27M | $215.67M | $222.89M | $220.33M | $150.83M | $204.12M | $175.29M | $138.91M | $202.00M |
| Avg Forecast | $508.57M | $496.37M | $481.93M | $474.20M | $463.77M | $448.02M | $430.30M | $419.92M | $408.89M | $395.79M | $378.13M | $365.19M | $362.86M | $340.21M | $352.41M | $324.17M | $321.55M | $308.62M | $3.81B | $2.99B | $250.30M | $238.08M | $229.71M | $214.28M | $197.15M |
| High Forecast | $508.57M | $496.37M | $481.93M | $474.20M | $463.77M | $448.02M | $430.30M | $419.92M | $408.89M | $395.79M | $379.45M | $365.19M | $362.86M | $358.86M | $352.41M | $324.17M | $321.55M | $308.62M | $4.57B | $3.59B | $251.69M | $239.41M | $230.99M | $215.47M | $198.25M |
| Low Forecast | $508.57M | $496.37M | $481.93M | $474.20M | $463.77M | $448.02M | $430.30M | $419.92M | $408.89M | $395.79M | $376.75M | $365.19M | $362.86M | $328.70M | $352.41M | $324.17M | $321.55M | $308.62M | $3.05B | $2.39B | $248.95M | $236.80M | $228.47M | $213.13M | $196.09M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.77% | 0.70% | 0.06% | 0.07% | 0.60% | 0.86% | 0.76% | 0.65% | 1.02% |
1 analysts predict KARO's average Quarter EBITDA for May 23 to be $324.17M, with a high of $324.17M and a low of $324.17M. 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 | 2 | 1 | 1 | 3 | 1 | 1 | 7 | 6 | 14 | 8 | - | 1 | 1 | 1 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $145.52M | $145.55M | $152.54M | $153.53M | $97.22M | $148.31M | $119.15M | $88.28M | $59.31M |
| Avg Forecast | $299.65M | $287.04M | $278.75M | $271.68M | $268.30M | $254.47M | $242.17M | $234.18M | $230.80M | $220.51M | $209.99M | $195.73M | $1.95B | $177.80M | $170.93M | $165.25M | $1.97B | $161.80M | $2.59B | $2.11B | $1.72B | $2.15B | $1.97B | $1.21B | $119.45M |
| High Forecast | $299.65M | $287.04M | $278.75M | $271.68M | $268.30M | $254.47M | $242.17M | $234.18M | $230.80M | $220.51M | $215.52M | $195.73M | $2.35B | $190.06M | $170.93M | $165.25M | $2.37B | $161.80M | $3.11B | $2.53B | $2.06B | $2.58B | $2.37B | $1.46B | $120.32M |
| Low Forecast | $299.65M | $287.04M | $278.75M | $271.68M | $268.30M | $254.47M | $242.17M | $234.18M | $230.80M | $220.51M | $198.94M | $195.73M | $1.56B | $165.54M | $170.93M | $165.25M | $1.58B | $161.80M | $2.07B | $1.69B | $1.37B | $1.72B | $1.58B | $971.11M | $118.62M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.07% | 0.90% | 0.06% | 0.07% | 0.06% | 0.07% | 0.06% | 0.07% | 0.50% |
Karooooo's average Quarter net income forecast for May 23 is $165.25M, with a range of $165.25M to $165.25M. KARO's average Quarter net income forecast represents a 13.56% 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 | 2 | 1 | 1 | 3 | 1 | 1 | 7 | 6 | 14 | 8 | - | 1 | 1 | 1 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $295.33M | $303.20M | $286.06M | $251.15M | $242.23M | $212.43M | $216.57M | $227.66M | $204.73M |
| Avg Forecast | $472.69M | $461.35M | $447.93M | $440.74M | $431.05M | $416.41M | $399.94M | $390.30M | $380.04M | $367.86M | $351.45M | $339.43M | $337.26M | $316.21M | $327.55M | $301.30M | $298.87M | $286.84M | $4.71B | $3.45B | $238.67M | $227.03M | $219.05M | $204.33M | $188.00M |
| High Forecast | $472.69M | $461.35M | $447.93M | $440.74M | $431.05M | $416.41M | $399.94M | $390.30M | $380.04M | $367.86M | $352.68M | $339.43M | $337.26M | $333.54M | $327.55M | $301.30M | $298.87M | $286.84M | $5.65B | $4.14B | $240.00M | $228.29M | $220.26M | $205.47M | $189.04M |
| Low Forecast | $472.69M | $461.35M | $447.93M | $440.74M | $431.05M | $416.41M | $399.94M | $390.30M | $380.04M | $367.86M | $350.17M | $339.43M | $337.26M | $305.51M | $327.55M | $301.30M | $298.87M | $286.84M | $3.76B | $2.76B | $237.39M | $225.80M | $217.86M | $203.23M | $186.98M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.06% | 0.06% | 0.07% | 1.01% | 0.94% | 0.99% | 1.11% | 1.09% |
Karooooo's average Quarter SG&A projection for May 23 is $301.30M, based on 1 Wall Street analysts, with a range of $301.30M to $301.30M. 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 | 2 | 1 | 1 | 3 | 1 | 1 | 7 | 6 | 14 | 8 | - | 1 | 1 | 1 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.84 | $4.70 | $4.93 | $4.96 | $3.14 | $4.79 | $3.85 | $3.49 | $2.60 |
| Avg Forecast | $9.70 | $9.29 | $9.02 | $8.79 | $8.68 | $8.23 | $7.84 | $7.58 | $7.47 | $7.14 | $6.79 | $6.33 | $6.24 | $5.75 | $5.53 | $5.35 | $4.61 | $5.24 | $22.83 | $18.76 | $4.56 | $4.50 | $4.10 | $3.79 | $3.86 |
| High Forecast | $9.70 | $9.29 | $9.02 | $8.79 | $8.68 | $8.23 | $7.84 | $7.58 | $7.47 | $7.14 | $6.97 | $6.33 | $6.24 | $6.15 | $5.53 | $5.35 | $4.61 | $5.24 | $22.83 | $18.76 | $4.59 | $4.54 | $4.13 | $3.82 | $3.89 |
| Low Forecast | $9.70 | $9.29 | $9.02 | $8.79 | $8.68 | $8.23 | $7.84 | $7.58 | $7.47 | $7.14 | $6.44 | $6.33 | $6.24 | $5.36 | $5.53 | $5.35 | $4.61 | $5.24 | $22.83 | $18.76 | $4.52 | $4.47 | $4.07 | $3.76 | $3.83 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 0.90% | 0.22% | 0.26% | 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 $5.35 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 | $2.52 | $13.75 | 445.63% | Buy |
| AMSWA | American Software | $10.95 | $15.50 | 41.55% | Buy |
| ALKT | Alkami | $30.17 | $34.50 | 14.35% | Buy |
| ENV | Envestnet | $62.62 | $68.52 | 9.42% | Hold |
| KARO | Karooooo | $38.11 | $36.00 | -5.54% | Buy |
| CWAN | Clearwater Analytics | $24.01 | $22.50 | -6.29% | Buy |
| MLNK | MeridianLink | $23.86 | $20.00 | -16.18% | 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 -5.54% from its last price of $38.11. 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 -5.54% (from the last price of $38.11 to the average price target of $36), up by 7.58% based on the highest stock price target, and down by -13.41% 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 $5.1B (high $5.1B, low $5.1B), average EBITDA is $1.76B (high $1.76B, low $1.76B), average net income is $999.12M (high $999.12M, low $999.12M), average SG&A $1.64B (high $1.64B, low $1.64B), and average EPS is $32.33 (high $32.33, low $32.33). KARO's analysts financial forecasts for the fiscal year (Feb 2027) are as follows: average revenue is $5.67B (high $5.67B, low $5.67B), average EBITDA is $1.96B (high $1.96B, low $1.96B), average net income is $1.14B (high $1.14B, low $1.14B), average SG&A $1.82B (high $1.82B, low $1.82B), and average EPS is $36.79 (high $36.79, low $36.79).
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, which missed the average analysts forecast of $27.15B by -87.08%. Apple's EBITDA was $905.17M, missing the average prediction of $7.43B by -87.82%. The company's net income was $597.15M, missing the average estimation of $6.84B by -91.26%. Apple's SG&A was $1.14B, missing the average forecast of $8.74B by -87.01%. Lastly, the company's EPS was $0, missing the average prediction of $51.43 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%