Karooooo Ltd. (NASDAQ:KARO - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $57.67 and last traded at $56.92, with a volume of 4332 shares traded. The stock had previously closed at $52.86.
Wall Street Analysts Forecast Growth
Separately, Raymond James boosted their price target on shares of Karooooo from $51.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, May 16th.
Read Our Latest Stock Analysis on Karooooo
Karooooo Trading Down 1.4%
The firm has a market cap of $1.69 billion, a P/E ratio of 35.10 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. The firm's 50-day simple moving average is $44.58 and its 200 day simple moving average is $44.90.
Karooooo (NASDAQ:KARO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.37 by $0.07. The business had revenue of $65.12 million for the quarter, compared to analyst estimates of $1.18 billion. Karooooo had a net margin of 19.87% and a return on equity of 30.29%. During the same quarter in the previous year, the firm posted $6.81 earnings per share. As a group, analysts expect that Karooooo Ltd. will post 1.57 earnings per share for the current year.
Institutional Trading of Karooooo
Hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund bought a new stake in Karooooo in the fourth quarter worth about $26,000. BNP Paribas Financial Markets bought a new stake in shares of Karooooo in the fourth quarter valued at approximately $210,000. Lazard Asset Management LLC raised its position in shares of Karooooo by 17.5% in the fourth quarter. Lazard Asset Management LLC now owns 4,961 shares of the company's stock valued at $223,000 after purchasing an additional 740 shares during the period. Nipun Capital L.P. bought a new stake in shares of Karooooo in the first quarter valued at approximately $242,000. Finally, Northern Trust Corp bought a new stake in shares of Karooooo in the fourth quarter valued at approximately $340,000.
Karooooo Company Profile
(
Get 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.
Featured Articles
Before you consider Karooooo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Karooooo wasn't on the list.
While Karooooo currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
