Shares of Karooooo Ltd. (NASDAQ:KARO - Get Free Report) saw an uptick in trading volume on Friday . 27,144 shares were traded during mid-day trading, an increase of 29% from the previous session's volume of 21,034 shares.The stock last traded at $44.24 and had previously closed at $44.20.
Karooooo Stock Performance
The firm's 50 day simple moving average is $40.89 and its 200 day simple moving average is $36.65. 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 posted its earnings results on Tuesday, October 15th. The company reported $0.40 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 company had revenue of $60.70 million for the quarter, compared to the consensus estimate of $60.26 million. As a group, equities analysts expect that Karooooo Ltd. will post 1.61 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Karooooo
Hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new position in shares of Karooooo in the 3rd quarter worth $216,000. Walleye Capital LLC bought a new position in shares of Karooooo in the 3rd quarter valued at about $323,000. 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 worth $575,000 after acquiring an additional 8,041 shares in the last quarter. Renaissance Technologies LLC increased its stake in 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 acquiring an additional 3,356 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its position in Karooooo by 5.4% during the second quarter. Jupiter Asset Management Ltd. now owns 209,097 shares of the company's stock valued at $6,001,000 after purchasing an additional 10,705 shares during the period.
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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