Karooooo Ltd. (NASDAQ:KARO - Get Free Report) declared a -- dividend on Thursday, July 24th, Wall Street Journal reports. Stockholders of record on Friday, August 15th will be given a dividend of 1.25 per share on Friday, August 22nd. This represents a dividend yield of 2.2%. The ex-dividend date is Friday, August 15th.
Karooooo Trading Up 0.5%
Shares of Karooooo stock traded up $0.24 during trading on Monday, hitting $48.18. The stock had a trading volume of 47,015 shares, compared to its average volume of 65,662. The stock has a 50 day simple moving average of $51.30 and a 200 day simple moving average of $46.50. The company has a market capitalization of $1.49 billion, a PE ratio of 28.01 and a beta of 1.08. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 0.05. Karooooo has a 1 year low of $31.59 and a 1 year high of $63.36.
Karooooo (NASDAQ:KARO - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.02. The business had revenue of $70.49 million for the quarter, compared to the consensus estimate of $1.25 billion. Karooooo had a net margin of 20.23% and a return on equity of 31.48%. On average, research analysts expect that Karooooo will post 1.57 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have issued reports on KARO. Raymond James Financial reiterated an "outperform" rating and issued a $60.00 target price (up from $58.00) on shares of Karooooo in a research note on Thursday. Morgan Stanley reiterated an "overweight" rating and issued a $53.00 target price (up from $43.00) on shares of Karooooo in a research note on Thursday, June 26th. Finally, Needham & Company LLC began coverage on shares of Karooooo in a research note on Wednesday, July 16th. They issued a "buy" rating and a $60.00 target price for the company.
Read Our Latest Report on KARO
About Karooooo
(
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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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