Karooooo Ltd. (NASDAQ:KARO - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $38.29, but opened at $39.39. Karooooo shares last traded at $39.40, with a volume of 6,165 shares traded.
Analyst Ratings Changes
Separately, Morgan Stanley upped their target price on Karooooo from $31.00 to $37.00 and gave the stock an "overweight" rating in a research report on Thursday, July 11th.
View Our Latest Report on Karooooo
Karooooo Price Performance
The firm has a market capitalization of $862.68 million, a PE ratio of 27.45 and a beta of 1.01. The business has a 50-day moving average of $39.25 and a 200 day moving average of $34.41. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of KARO. Swedbank AB bought a new position in Karooooo in the 1st quarter valued at $2,387,000. Jupiter Asset Management Ltd. grew its stake in shares of Karooooo by 5.4% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 209,097 shares of the company's stock worth $6,001,000 after acquiring an additional 10,705 shares during the period. Renaissance Technologies LLC grew its stake in shares of Karooooo by 23.3% during 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. Acadian Asset Management LLC bought a new position in shares of Karooooo during the 1st quarter worth $67,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC grew its stake in shares of Karooooo by 1.2% during the 2nd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 175,349 shares of the company's stock worth $5,138,000 after acquiring an additional 2,000 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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