Karooooo Ltd. (NASDAQ:KARO - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $43.20, but opened at $45.10. Karooooo shares last traded at $44.18, with a volume of 3,965 shares.
Wall Street Analysts Forecast Growth
Separately, Raymond James reissued an "outperform" rating and set a $51.00 target price (up previously from $46.00) on shares of Karooooo in a research report on Thursday, January 16th.
View Our Latest Stock Report on Karooooo
Karooooo Stock Performance
The company has a debt-to-equity ratio of 0.14, a current ratio of 1.25 and a quick ratio of 1.24. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 27.50 and a beta of 1.03. The firm has a fifty day simple moving average of $44.88 and a two-hundred day simple moving average of $43.32.
Karooooo (NASDAQ:KARO - Get Free Report) last issued its quarterly earnings results on Tuesday, January 14th. The company reported $0.43 EPS for the quarter, topping the consensus estimate 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 expect that Karooooo Ltd. will post 1.57 EPS for the current year.
Hedge Funds Weigh In On Karooooo
Several institutional investors and hedge funds have recently bought and sold shares of the company. Capricorn Fund Managers Ltd purchased a new stake in shares of Karooooo during the 4th quarter valued at approximately $6,146,000. New York State Common Retirement Fund purchased a new position in shares of Karooooo during the 4th quarter worth $26,000. Schwartz Investment Counsel Inc. grew its holdings in shares of Karooooo by 17.2% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 60,566 shares of the company's stock valued at $2,735,000 after purchasing an additional 8,881 shares in the last quarter. Polen Capital Management LLC increased its stake in Karooooo by 24.8% during the 4th quarter. Polen Capital Management LLC now owns 13,273 shares of the company's stock worth $599,000 after buying an additional 2,639 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its position in Karooooo by 0.6% in the 4th quarter. Jupiter Asset Management Ltd. now owns 236,972 shares of the company's stock valued at $10,699,000 after buying an additional 1,387 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.
Featured Stories
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
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
