Karooooo Ltd. (NASDAQ:KARO - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 39,880 shares were traded during mid-day trading, a decline of 12% from the previous session's volume of 45,204 shares.The stock last traded at $45.47 and had previously closed at $45.66.
Wall Street Analysts Forecast Growth
Separately, Raymond James reiterated an "outperform" rating and issued a $51.00 price target (up previously from $46.00) on shares of Karooooo in a research report on Thursday, January 16th.
Check Out Our Latest Research Report on KARO
Karooooo Price Performance
The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 28.14 and a beta of 1.02. The stock has a 50-day moving average of $46.53 and a two-hundred day moving average of $42.79.
Karooooo (NASDAQ:KARO - Get Free Report) last released its quarterly earnings results on Tuesday, January 14th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.05. Karooooo had a return on equity of 30.29% and a net margin of 19.87%. On average, analysts anticipate that Karooooo Ltd. will post 1.57 EPS for the current year.
Institutional Investors Weigh In On Karooooo
Institutional investors have recently bought and sold shares of the business. Capricorn Fund Managers Ltd acquired a new stake in Karooooo during the 4th quarter worth about $6,146,000. Schwartz Investment Counsel Inc. boosted its position in Karooooo by 17.2% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 60,566 shares of the company's stock worth $2,735,000 after acquiring an additional 8,881 shares during the period. Gladius Capital Management LP boosted its position in Karooooo by 124.2% during 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 during the period. Quadrature Capital Ltd acquired a new stake in Karooooo during the 3rd quarter worth about $216,000. Finally, Walleye Capital LLC acquired a new stake in Karooooo during the 3rd quarter worth about $323,000.
Karooooo Company Profile
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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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