Shares of Karooooo Ltd. (NASDAQ:KARO - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $58.85 and last traded at $57.94, with a volume of 36534 shares trading hands. The stock had previously closed at $55.26.
Wall Street Analyst Weigh In
Separately, Raymond James increased their price target on Karooooo from $51.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th.
Read Our Latest Report on KARO
Karooooo Trading Up 0.2%
The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 36.97 and a beta of 1.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.25. The business has a fifty day moving average price of $45.51 and a 200 day moving average price of $45.28.
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, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company posted $6.81 earnings per share. As a group, equities analysts forecast that Karooooo Ltd. will post 1.57 earnings per share for the current year.
Institutional Trading of Karooooo
Large investors have recently modified their holdings of the business. Schwartz Investment Counsel Inc. lifted its position in shares of 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. New York State Common Retirement Fund bought a new position in shares of Karooooo during the fourth quarter worth about $26,000. Raymond James Financial Inc. bought a new position in shares of Karooooo during the fourth quarter worth about $635,000. Jupiter Asset Management Ltd. lifted its position in shares of Karooooo by 0.6% during the fourth quarter. Jupiter Asset Management Ltd. now owns 236,972 shares of the company's stock worth $10,699,000 after purchasing an additional 1,387 shares during the last quarter. Finally, Polen Capital Management LLC lifted its position in shares of Karooooo by 24.8% during the fourth quarter. Polen Capital Management LLC now owns 13,273 shares of the company's stock worth $599,000 after purchasing an additional 2,639 shares during the last quarter.
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.
Further Reading
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