Capricorn Fund Managers Ltd Acquires New Holdings in Karooooo Ltd. (NASDAQ:KARO)

Capricorn Fund Managers Ltd bought a new stake in Karooooo Ltd. (NASDAQ:KARO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 132,884 shares of the company's stock, valued at approximately $6,146,000. Karooooo makes up approximately 2.7% of Capricorn Fund Managers Ltd's investment portfolio, making the stock its 9th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in shares of Karooooo by 23.3% during the second quarter. Renaissance Technologies LLC now owns 17,757 shares of the company's stock worth $520,000 after purchasing an additional 3,356 shares during the last quarter. Gladius Capital Management LP grew its position in shares of Karooooo by 124.2% in the 3rd quarter. Gladius Capital Management LP now owns 14,513 shares of the company's stock worth $575,000 after acquiring an additional 8,041 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of Karooooo in the 3rd quarter worth approximately $323,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Karooooo in the 3rd quarter valued at approximately $216,000.

Karooooo Stock Performance

Shares of NASDAQ:KARO traded down $0.24 during trading on Tuesday, reaching $45.16. 49,546 shares of the company's stock traded hands, compared to its average volume of 53,022. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.25 and a quick ratio of 1.24. The company has a 50 day moving average of $45.10 and a 200-day moving average of $40.25. Karooooo Ltd. has a 12 month low of $23.35 and a 12 month high of $50.54. The stock has a market capitalization of $1.39 billion, a P/E ratio of 28.95 and a beta of 1.03.

Karooooo (NASDAQ:KARO - Get Free Report) last issued its quarterly earnings data on Tuesday, January 14th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. Karooooo had a net margin of 19.87% and a return on equity of 30.29%. On average, equities analysts expect that Karooooo Ltd. will post 1.57 EPS for the current year.

Analysts Set New Price Targets

Separately, Raymond James restated an "outperform" rating and set a $51.00 price objective (up from $46.00) on shares of Karooooo in a research note on Thursday, January 16th.

About Karooooo

Karooooo Ltd. provides mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States. The company offers Fleet Telematics, a fleet management SaaS platform that provides real-time insights; LiveVision, which offers pro-active risk management and fleet visibility; MiFleet advanced fleet administration and business intelligence that provides cost management and administration capability services; and Karooooo Logistics, a software application for management of last mile delivery and general operational logistics.