Schwartz Investment Counsel Inc. grew its position in Karooooo Ltd. (NASDAQ:KARO - Free Report) by 17.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,566 shares of the company's stock after purchasing an additional 8,881 shares during the period. Schwartz Investment Counsel Inc. owned approximately 0.20% of Karooooo worth $2,735,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Gladius Capital Management LP lifted its position in Karooooo by 124.2% during the 3rd quarter. Gladius Capital Management LP now owns 14,513 shares of the company's stock worth $575,000 after acquiring an additional 8,041 shares in the last quarter. Walleye Capital LLC acquired a new position in Karooooo during the 3rd quarter worth approximately $323,000. Quadrature Capital Ltd acquired a new position in Karooooo during the 3rd quarter worth approximately $216,000. Finally, Capricorn Fund Managers Ltd acquired a new position in Karooooo during the 4th quarter worth approximately $6,146,000.
Karooooo Stock Down 0.4 %
KARO stock traded down $0.21 during midday trading on Friday, hitting $48.06. 32,361 shares of the company's stock were exchanged, compared to its average volume of 49,397. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.14. Karooooo Ltd. has a 12-month low of $23.35 and a 12-month high of $50.54. The firm has a 50 day moving average price of $46.54 and a 200-day moving average price of $41.89. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 30.81 and a beta of 1.02.
Karooooo (NASDAQ:KARO - Get Free Report) last posted its quarterly earnings data on Tuesday, January 14th. The company reported $0.43 earnings per share (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 anticipate that Karooooo Ltd. will post 1.57 EPS for the current year.
Wall Street Analyst Weigh In
Separately, Raymond James restated an "outperform" rating and set a $51.00 price objective (up from $46.00) on shares of Karooooo in a report on Thursday, January 16th.
View Our Latest Research Report on Karooooo
About Karooooo
(
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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