Karooooo Ltd. (NASDAQ:KARO - Get Free Report)'s stock price traded up 1.5% on Thursday . The stock traded as high as $46.00 and last traded at $45.82. 23,663 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 22,006 shares. The stock had previously closed at $45.15.
Karooooo Trading Up 4.8 %
The business's 50 day moving average price is $43.57 and its 200-day moving average price is $38.89. The firm 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.
Karooooo (NASDAQ:KARO - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.40 EPS for the quarter, beating the consensus estimate 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. Equities analysts forecast that Karooooo Ltd. will post 1.61 EPS for the current fiscal year.
Institutional Investors Weigh In On Karooooo
Several institutional investors have recently made changes to their positions in KARO. Acadian Asset Management LLC lifted its stake 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 valued at $116,000 after purchasing an additional 1,377 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Karooooo during the 3rd quarter valued at approximately $216,000. Walleye Capital LLC purchased a new stake in shares of Karooooo during the 3rd quarter worth approximately $323,000. Renaissance Technologies LLC grew its holdings in shares of Karooooo by 23.3% in the 2nd 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 period. Finally, Gladius Capital Management LP increased its stake in Karooooo by 124.2% in the 3rd 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.
Karooooo Company Profile
(
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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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