Karooooo Ltd. (NASDAQ:KARO) Shares Sold by Citadel Advisors LLC

Citadel Advisors LLC reduced its holdings in Karooooo Ltd. (NASDAQ:KARO - Free Report) by 22.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,209 shares of the company's stock after selling 4,895 shares during the period. Citadel Advisors LLC owned approximately 0.06% of Karooooo worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KARO. New York State Common Retirement Fund acquired a new stake in Karooooo during the 4th quarter valued at approximately $26,000. BNP Paribas Financial Markets acquired a new stake in Karooooo during the 4th quarter valued at approximately $210,000. Northern Trust Corp acquired a new stake in Karooooo during the 4th quarter valued at approximately $340,000. JPMorgan Chase & Co. lifted its stake in Karooooo by 1,727.0% during the 4th quarter. JPMorgan Chase & Co. now owns 8,934 shares of the company's stock valued at $403,000 after acquiring an additional 8,445 shares during the period. Finally, Polen Capital Management LLC lifted its stake in Karooooo by 24.8% during the 4th quarter. Polen Capital Management LLC now owns 13,273 shares of the company's stock valued at $599,000 after acquiring an additional 2,639 shares during the period.

Analyst Upgrades and Downgrades

Separately, Raymond James upped their price objective on shares of Karooooo from $51.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th.

Karooooo Stock Up 9.4%

Karooooo stock traded up $5.18 during trading on Tuesday, reaching $60.44. The stock had a trading volume of 44,948 shares, compared to its average volume of 33,356. Karooooo Ltd. has a 52-week low of $25.80 and a 52-week high of $60.68. The business has a 50 day moving average price of $44.81 and a 200 day moving average price of $45.07. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.87 billion, a PE ratio of 38.74 and a beta of 1.03.

Karooooo (NASDAQ:KARO - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.37 by $0.07. The business had revenue of $65.12 million for the quarter, compared to analyst estimates of $1.18 billion. Karooooo had a net margin of 19.87% and a return on equity of 30.29%. During the same period in the previous year, the firm earned $6.81 EPS. On average, analysts predict that Karooooo Ltd. will post 1.57 EPS for the current year.

Karooooo Company 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.