Schwarz Dygos Wheeler Investment Advisors LLC Decreases Holdings in Karooooo Ltd. (NASDAQ:KARO)

Schwarz Dygos Wheeler Investment Advisors LLC decreased its position in shares of Karooooo Ltd. (NASDAQ:KARO - Free Report) by 24.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 120,039 shares of the company's stock after selling 37,876 shares during the quarter. Karooooo makes up 1.2% of Schwarz Dygos Wheeler Investment Advisors LLC's investment portfolio, making the stock its 17th largest position. Schwarz Dygos Wheeler Investment Advisors LLC owned approximately 0.39% of Karooooo worth $5,106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in shares of Karooooo during the 4th quarter worth $210,000. Lazard Asset Management LLC lifted its holdings in Karooooo by 17.5% during the 4th quarter. Lazard Asset Management LLC now owns 4,961 shares of the company's stock worth $223,000 after purchasing an additional 740 shares in the last quarter. Nipun Capital L.P. purchased a new stake in Karooooo during the 1st quarter worth about $242,000. Northern Trust Corp purchased a new stake in Karooooo during the 4th quarter worth about $340,000. Finally, JPMorgan Chase & Co. lifted its holdings in Karooooo by 1,727.0% during the 4th quarter. JPMorgan Chase & Co. now owns 8,934 shares of the company's stock worth $403,000 after purchasing an additional 8,445 shares in the last quarter.

Wall Street Analyst Weigh In

KARO has been the topic of a number of recent research reports. Morgan Stanley reissued an "overweight" rating and set a $53.00 price objective (up previously from $43.00) on shares of Karooooo in a report on Thursday, June 26th. Raymond James Financial increased their price objective on Karooooo from $51.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Needham & Company LLC initiated coverage on Karooooo in a report on Wednesday. They set a "buy" rating and a $60.00 price objective on the stock.

Karooooo Price Performance

Shares of NASDAQ:KARO traded down $0.23 on Friday, hitting $50.19. The company's stock had a trading volume of 48,268 shares, compared to its average volume of 43,546. The company has a 50-day simple moving average of $51.19 and a 200 day simple moving average of $46.44. Karooooo Ltd. has a 1 year low of $28.04 and a 1 year high of $63.36. The company has a market capitalization of $1.55 billion, a PE ratio of 30.46 and a beta of 1.08. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.14 and a quick ratio of 1.14.

Karooooo (NASDAQ:KARO - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.07. Karooooo had a return on equity of 30.98% and a net margin of 20.17%. The firm had revenue of $65.12 million for the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter last year, the firm posted $6.81 EPS. Sell-side analysts forecast that Karooooo Ltd. will post 1.57 EPS for the current fiscal year.

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.