Roth Capital analyst Scott Searle raised the firm's price target on Karooooo to $68 from $62 and keeps a Buy rating on the shares. The company reported mixed Q4 results with sales exceeding consensus by 3%+, while EPS fell short on lower gross margins and one-time costs, the analyst tells investors in a research note. The firm believes that, with physical AI protected, the outlook is attractive and that the weakness in the shares presents an entry point.
