9,986 Shares in Karooooo Ltd. $KARO Bought by State of Wyoming

Key Points

• State of Wyoming has recently purchased 9,986 shares of Karooooo Ltd. valued at approximately $418,000, marking a new position for the institutional investor.
• Karooooo's stock is currently valued at $52.65 with a market capitalization of $1.63 billion, and it has reported a quarterly EPS of $0.47, surpassing expectations.
• The firm declared an annual dividend of $1.25 per share, indicating a substantial yield of 220.0% despite a high payout ratio of 290.70%.

State of Wyoming purchased a new position in shares of Karooooo Ltd. (NASDAQ:KARO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,986 shares of the company's stock, valued at approximately $418,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in shares of Karooooo during the fourth quarter worth approximately $210,000. Lazard Asset Management LLC increased its position in shares of Karooooo by 17.5% in the 4th quarter. Lazard Asset Management LLC now owns 4,961 shares of the company's stock valued at $223,000 after purchasing an additional 740 shares during the last quarter. Nipun Capital L.P. acquired a new stake in shares of Karooooo in the 1st quarter valued at $242,000. Northern Trust Corp acquired a new stake in shares of Karooooo in the 4th quarter valued at $340,000. Finally, Squarepoint Ops LLC lifted its position in shares of Karooooo by 6.8% during the 4th quarter. Squarepoint Ops LLC now owns 9,494 shares of the company's stock worth $429,000 after purchasing an additional 602 shares during the last quarter.

Karooooo Stock Up 0.2%

Karooooo stock opened at $52.65 on Friday. The company has a market capitalization of $1.63 billion, a P/E ratio of 30.61 and a beta of 1.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.17. Karooooo Ltd. has a fifty-two week low of $34.01 and a fifty-two week high of $63.36. The stock has a 50-day simple moving average of $48.55 and a 200-day simple moving average of $46.81.

Karooooo (NASDAQ:KARO - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. Karooooo had a return on equity of 31.48% and a net margin of 20.23%.The company had revenue of $70.49 million for the quarter, compared to analyst estimates of $1.25 billion. Karooooo has set its FY 2026 guidance at 1.760-1.920 EPS. Equities research analysts expect that Karooooo Ltd. will post 1.57 earnings per share for the current year.

Karooooo Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 15th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, August 15th. This represents a yield of 220.0%. Karooooo's dividend payout ratio is currently 290.70%.

Analysts Set New Price Targets

KARO has been the topic of several recent analyst reports. Needham & Company LLC initiated coverage on Karooooo in a report on Wednesday, July 16th. They issued a "buy" rating and a $60.00 target price on the stock. Morgan Stanley reaffirmed an "overweight" rating and set a $53.00 price objective (up from $43.00) on shares of Karooooo in a research report on Thursday, June 26th. Zacks Research raised Karooooo to a "strong-buy" rating in a research report on Tuesday, August 12th. Wall Street Zen cut Karooooo from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 22nd. Finally, UBS Group assumed coverage on shares of Karooooo in a research note on Friday. They issued a "buy" rating and a $60.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, Karooooo presently has an average rating of "Buy" and an average price target of $58.25.

About Karooooo

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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