Karooooo Ltd. (NASDAQ:KARO - Get Free Report) shares reached a new 52-week high during trading on Friday . The company traded as high as $50.01 and last traded at $49.22, with a volume of 18993 shares trading hands. The stock had previously closed at $45.82.
Karooooo Trading Up 4.8 %
The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 32.67 and a beta of 1.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.18 and a quick ratio of 1.17. The business has a 50 day simple moving average of $43.57 and a 200-day simple moving average of $38.89.
Karooooo (NASDAQ:KARO - Get Free Report) last posted its earnings results on Tuesday, October 15th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. Karooooo had a return on equity of 29.39% and a net margin of 19.29%. The business had revenue of $60.70 million during the quarter, compared to analysts' expectations of $60.26 million. As a group, equities analysts expect that Karooooo Ltd. will post 1.61 earnings per share for the current year.
Hedge Funds Weigh In On Karooooo
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted its stake in Karooooo by 50.6% in the 2nd quarter. Acadian Asset Management LLC now owns 4,096 shares of the company's stock valued at $116,000 after acquiring an additional 1,377 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Karooooo by 23.3% in 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 in the last quarter. Quadrature Capital Ltd acquired a new position in Karooooo during the third quarter worth $216,000. Gladius Capital Management LP grew 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 purchasing an additional 8,041 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in Karooooo in the third quarter valued at $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.
Featured Articles
Before you consider Karooooo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Karooooo wasn't on the list.
While Karooooo currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
