Karooooo Ltd. (NASDAQ:KARO - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $58.85 and last traded at $57.94, with a volume of 36534 shares. The stock had previously closed at $55.26.
Analyst Ratings Changes
Separately, Raymond James upped their price objective on shares of Karooooo from $51.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, May 16th.
View Our Latest Stock Analysis on KARO
Karooooo Trading Up 0.8%
The company's 50-day moving average is $46.15 and its 200 day moving average is $45.53. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.80 billion, a PE ratio of 37.40 and a beta of 1.15.
Karooooo (NASDAQ:KARO - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.07. Karooooo had a return on equity of 30.29% and a net margin of 19.87%. The company had revenue of $65.12 million during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the company earned $6.81 earnings per share. As a group, sell-side analysts predict that Karooooo Ltd. will post 1.57 EPS for the current year.
Institutional Investors Weigh In On Karooooo
A number of institutional investors have recently bought and sold shares of KARO. Schwartz Investment Counsel Inc. lifted its position in shares of Karooooo by 17.2% in 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 in the last quarter. New York State Common Retirement Fund acquired a new position in Karooooo in the 4th quarter valued at approximately $26,000. Raymond James Financial Inc. purchased a new stake in Karooooo in the 4th quarter worth approximately $635,000. Jupiter Asset Management Ltd. boosted its stake 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 buying an additional 1,387 shares during the period. Finally, Polen Capital Management LLC boosted its stake in shares of 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 buying an additional 2,639 shares during the period.
Karooooo Company Profile
(
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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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