Schwarz Dygos Wheeler Investment Advisors LLC Has $7.13 Million Stake in Karooooo Ltd. (NASDAQ:KARO)

Schwarz Dygos Wheeler Investment Advisors LLC cut its position in shares of Karooooo Ltd. (NASDAQ:KARO - Free Report) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,915 shares of the company's stock after selling 17,446 shares during the period. Karooooo accounts for about 1.8% of Schwarz Dygos Wheeler Investment Advisors LLC's investment portfolio, making the stock its 11th largest position. Schwarz Dygos Wheeler Investment Advisors LLC owned approximately 0.51% of Karooooo worth $7,130,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Common Retirement Fund bought a new position in shares of Karooooo in the 4th quarter valued at approximately $26,000. Quadrature Capital Ltd bought a new position in shares of Karooooo in the 3rd quarter valued at approximately $216,000. Walleye Capital LLC bought a new position in shares of Karooooo in the 3rd quarter valued at approximately $323,000. Gladius Capital Management LP raised its stake in shares of 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 acquiring an additional 8,041 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Karooooo in the 4th quarter valued at approximately $635,000.

Analyst Ratings Changes

Separately, Raymond James reaffirmed an "outperform" rating and issued a $51.00 target price (up previously from $46.00) on shares of Karooooo in a report on Thursday, January 16th.

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Karooooo Stock Performance

KARO traded down $1.94 during midday trading on Thursday, reaching $40.00. The company's stock had a trading volume of 52,431 shares, compared to its average volume of 44,713. The stock has a market cap of $1.24 billion, a P/E ratio of 25.64 and a beta of 1.03. The company has a fifty day simple moving average of $46.06 and a 200 day simple moving average of $42.98. 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 twelve month low of $23.35 and a twelve month high of $50.54.

Karooooo (NASDAQ:KARO - Get Free Report) last released its earnings results on Tuesday, January 14th. The company reported $0.43 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Karooooo Ltd. will post 1.57 earnings per share for the current year.

Karooooo Profile

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.