Karooooo Ltd. (NASDAQ:KARO - Get Free Report) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 25,300 shares, an increase of 7.7% from the October 31st total of 23,500 shares. Approximately 0.3% of the company's stock are sold short. Based on an average daily trading volume, of 34,400 shares, the days-to-cover ratio is currently 0.7 days.
Karooooo Stock Up 8.0 %
NASDAQ:KARO traded up $3.50 during mid-day trading on Tuesday, hitting $46.98. The stock had a trading volume of 66,612 shares, compared to its average volume of 20,859. Karooooo has a twelve month low of $23.35 and a twelve month high of $47.10. The stock has a 50-day simple moving average of $40.45 and a two-hundred day simple moving average of $36.26. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 0.15.
Karooooo (NASDAQ:KARO - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The business had revenue of $60.70 million for the quarter, compared to analyst estimates of $60.26 million. Karooooo had a net margin of 19.29% and a return on equity of 29.39%. As a group, analysts expect that Karooooo will post 1.61 EPS for the current fiscal year.
Institutional Trading of Karooooo
Institutional investors have recently bought and sold shares of the business. Swedbank AB raised its position in shares of Karooooo by 26.0% during the 2nd quarter. Swedbank AB now owns 120,000 shares of the company's stock worth $3,516,000 after acquiring an additional 24,746 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in Karooooo by 5.4% during the second quarter. Jupiter Asset Management Ltd. now owns 209,097 shares of the company's stock worth $6,001,000 after purchasing an additional 10,705 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Karooooo during the third quarter worth about $323,000. Gladius Capital Management LP increased its position in shares of Karooooo by 124.2% during the third quarter. Gladius Capital Management LP now owns 14,513 shares of the company's stock worth $575,000 after purchasing an additional 8,041 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Karooooo in the 3rd quarter valued at about $216,000.
About Karooooo
(
Get Free Report)
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.
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