Karooooo Ltd. (NASDAQ:KARO - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $50.54 and last traded at $50.00, with a volume of 55791 shares. The stock had previously closed at $47.12.
Karooooo Price Performance
The company has a fifty day simple moving average of $44.26 and a two-hundred day simple moving average of $39.35. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 34.01 and a beta of 1.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.18.
Karooooo (NASDAQ:KARO - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. Karooooo had a net margin of 19.29% and a return on equity of 29.39%. The business had revenue of $60.70 million during the quarter, compared to analysts' expectations of $60.26 million. As a group, equities research analysts expect that Karooooo Ltd. will post 1.61 earnings per share for the current fiscal year.
Institutional Trading of Karooooo
Several large investors have recently bought and sold shares of the business. Acadian Asset Management LLC lifted its holdings in shares of Karooooo by 50.6% in the second quarter. Acadian Asset Management LLC now owns 4,096 shares of the company's stock worth $116,000 after acquiring an additional 1,377 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in Karooooo by 5.4% during the 2nd 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. Renaissance Technologies LLC lifted its stake in Karooooo by 23.3% in the 2nd quarter. Renaissance Technologies LLC now owns 17,757 shares of the company's stock valued at $520,000 after purchasing an additional 3,356 shares during the last quarter. Gladius Capital Management LP boosted its position in Karooooo by 124.2% in the third quarter. Gladius Capital Management LP now owns 14,513 shares of the company's stock valued at $575,000 after buying an additional 8,041 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Karooooo during the third quarter worth $323,000.
Karooooo Company Profile
(
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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