Raymond James Financial Inc. purchased a new position in Karooooo Ltd. (NASDAQ:KARO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,054 shares of the company's stock, valued at approximately $635,000.
Other institutional investors have also recently made changes to their positions in the company. New York State Common Retirement Fund purchased a new position in Karooooo during the fourth quarter worth about $26,000. Schwartz Investment Counsel Inc. boosted its position in shares of Karooooo by 17.2% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 60,566 shares of the company's stock valued at $2,735,000 after acquiring an additional 8,881 shares during the last quarter. Capricorn Fund Managers Ltd purchased a new position in shares of Karooooo during the fourth quarter worth about $6,146,000. Quadrature Capital Ltd bought a new position in shares of Karooooo in the third quarter worth approximately $216,000. Finally, Walleye Capital LLC purchased a new stake in Karooooo in the third quarter valued at approximately $323,000.
Analyst Upgrades and Downgrades
Separately, Raymond James reissued an "outperform" rating and issued a $51.00 price target (up previously from $46.00) on shares of Karooooo in a report on Thursday, January 16th.
View Our Latest Stock Analysis on Karooooo
Karooooo Price Performance
KARO stock traded down $0.43 during mid-day trading on Friday, hitting $40.03. 17,362 shares of the stock were exchanged, compared to its average volume of 30,953. The business has a fifty day moving average price of $43.39 and a 200 day moving average price of $43.39. Karooooo Ltd. has a 12 month low of $25.50 and a 12 month high of $50.54. 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 stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 25.66 and a beta of 1.03.
Karooooo (NASDAQ:KARO - Get Free Report) last released its earnings results on Tuesday, January 14th. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.05. Karooooo had a return on equity of 30.29% and a net margin of 19.87%. On average, sell-side analysts anticipate that Karooooo Ltd. will post 1.57 EPS for the current year.
Karooooo Company Profile
(
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
