Karooooo Ltd. (NASDAQ:KARO - Get Free Report) shares saw an uptick in trading volume on Friday . 74,334 shares changed hands during trading, an increase of 97% from the previous session's volume of 37,810 shares.The stock last traded at $48.63 and had previously closed at $47.72.
Wall Street Analyst Weigh In
Separately, Raymond James upped their price target on Karooooo from $51.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, May 16th.
View Our Latest Research Report on Karooooo
Karooooo Price Performance
The stock has a market cap of $1.42 billion, a PE ratio of 29.38 and a beta of 1.15. 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 company's 50 day moving average is $47.72 and its 200-day moving average is $46.03.
Karooooo (NASDAQ:KARO - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.07. The company had revenue of $65.12 million during the quarter, compared to the consensus estimate of $1.18 billion. Karooooo had a return on equity of 30.29% and a net margin of 19.87%. During the same period last year, the firm earned $6.81 earnings per share. As a group, sell-side analysts predict that Karooooo Ltd. will post 1.57 earnings per share for the current year.
Hedge Funds Weigh In On Karooooo
A number of institutional investors have recently made changes to their positions in the business. New York State Common Retirement Fund acquired a new stake in shares of Karooooo during the fourth quarter worth approximately $26,000. BNP Paribas Financial Markets bought a new stake in shares of Karooooo in the 4th quarter worth about $210,000. Lazard Asset Management LLC increased its position in shares of Karooooo by 17.5% in the 4th quarter. Lazard Asset Management LLC now owns 4,961 shares of the company's stock worth $223,000 after purchasing an additional 740 shares during the last quarter. Nipun Capital L.P. acquired a new stake in shares of Karooooo in the 1st quarter valued at about $242,000. Finally, Northern Trust Corp bought a new position in shares of Karooooo during the fourth quarter worth about $340,000.
About Karooooo
(
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.
Read More
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
