JPMorgan Chase & Co. raised its holdings in Karooooo Ltd. (NASDAQ:KARO - Free Report) by 1,727.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,934 shares of the company's stock after acquiring an additional 8,445 shares during the period. JPMorgan Chase & Co.'s holdings in Karooooo were worth $403,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of KARO. New York State Common Retirement Fund purchased a new stake in Karooooo in the 4th quarter valued at $26,000. Jupiter Asset Management Ltd. boosted its position in shares of Karooooo by 0.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 236,972 shares of the company's stock valued at $10,699,000 after acquiring an additional 1,387 shares during the last quarter. Polen Capital Management LLC grew its holdings in shares of Karooooo by 24.8% in the fourth quarter. Polen Capital Management LLC now owns 13,273 shares of the company's stock valued at $599,000 after purchasing an additional 2,639 shares during the period. Schwartz Investment Counsel Inc. increased its position in Karooooo by 17.2% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 60,566 shares of the company's stock worth $2,735,000 after purchasing an additional 8,881 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Karooooo during the fourth quarter worth about $635,000.
Wall Street Analysts Forecast Growth
Separately, Raymond James reissued an "outperform" rating and issued a $51.00 price target (up previously from $46.00) on shares of Karooooo in a research note on Thursday, January 16th.
View Our Latest Report on Karooooo
Karooooo Trading Up 1.4 %
NASDAQ:KARO traded up $0.59 on Friday, reaching $44.00. The company's stock had a trading volume of 10,892 shares, compared to its average volume of 31,518. Karooooo Ltd. has a 12-month low of $25.80 and a 12-month high of $50.54. The stock has a 50 day moving average price of $41.67 and a 200 day moving average price of $43.53. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 28.21 and a beta of 1.03. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 0.14.
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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