Karooooo Ltd. (KARO)
NASDAQ: KARO · IEX Real-Time Price · USD
30.61
+0.61 (2.03%)
At close: Jul 2, 2024, 4:00 PM
31.20
+0.59 (1.93%)
After-hours: Jul 2, 2024, 5:09 PM EDT
Karooooo Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Karooooo stock have an average target of 30, with a low estimate of 29 and a high estimate of 31. The average target predicts a decrease of -1.99% from the current stock price of 30.61.
Analyst Consensus: Buy
* Price targets were last updated on Apr 22, 2024.
Analyst Ratings
The average analyst rating for Karooooo stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $31 | Buy | Maintains | $31 | +1.27% | Apr 22, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $34 → $31 | Buy | Maintains | $34 → $31 | +1.27% | Jan 24, 2024 |
| Raymond James | Raymond James | Buy Maintains $26 → $29 | Buy | Maintains | $26 → $29 | -5.26% | Jan 24, 2024 |
| Raymond James | Raymond James | Buy Maintains $30 → $26 | Buy | Maintains | $30 → $26 | -15.06% | Oct 13, 2023 |
| Morgan Stanley | Morgan Stanley | Buy Reiterates $34 | Buy | Reiterates | $34 | +11.07% | Aug 1, 2023 |
Financial Forecast
Revenue This Year
4.63B
from 4.21B
Increased by 10.07%
Revenue Next Year
5.27B
from 4.63B
Increased by 13.91%
EPS This Year
28.82
from 23.85
Increased by 20.83%
EPS Next Year
33.54
from 28.82
Increased by 16.40%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 4.9B | 5.7B |
| Avg | 4.6B | 5.3B |
| Low | 4.4B | 4.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 15.8% | 22.5% |
| Avg | 10.1% | 13.9% |
| Low | 4.1% | 6.3% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 30.32 | 36.38 |
| Avg | 28.82 | 33.54 |
| Low | 27.08 | 30.84 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 27.1% | 26.2% |
| Avg | 20.8% | 16.4% |
| Low | 13.5% | 7.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.