Karooooo Ltd. (NASDAQ:KARO - Get Free Report) shot up 3.5% during trading on Wednesday . The stock traded as high as $49.00 and last traded at $48.75. 5,248 shares were traded during mid-day trading, a decline of 85% from the average session volume of 35,846 shares. The stock had previously closed at $47.12.
Karooooo Trading Up 6.1 %
The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.07 billion, a PE ratio of 34.01 and a beta of 1.03. The business's fifty day moving average is $43.88 and its 200 day moving average is $39.20.
Karooooo (NASDAQ:KARO - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $0.40 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $60.26 million. As a group, analysts predict that Karooooo Ltd. will post 1.61 earnings per share for the current year.
Institutional Investors Weigh In On Karooooo
A number of large investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd purchased a new stake in shares of Karooooo in the third quarter valued at about $216,000. Walleye Capital LLC acquired a new stake in Karooooo during the 3rd quarter valued at $323,000. Gladius Capital Management LP increased its position in Karooooo by 124.2% during the third quarter. Gladius Capital Management LP now owns 14,513 shares of the company's stock worth $575,000 after buying an additional 8,041 shares in the last quarter. Renaissance Technologies LLC raised its holdings 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 acquiring an additional 3,356 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in shares of Karooooo by 5.4% in the second quarter. Jupiter Asset Management Ltd. now owns 209,097 shares of the company's stock valued at $6,001,000 after acquiring an additional 10,705 shares in the last quarter.
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.
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