Raymond James Financial Inc. bought a new position in shares of Karooooo Ltd. (NASDAQ:KARO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,054 shares of the company's stock, valued at approximately $635,000.
Other hedge funds also recently modified their holdings of the company. Capricorn Fund Managers Ltd acquired a new stake in shares of Karooooo during the 4th quarter valued at $6,146,000. Schwartz Investment Counsel Inc. lifted its holdings 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 valued at $2,735,000 after purchasing an additional 8,881 shares in the last quarter. JPMorgan Chase & Co. raised its position in Karooooo by 1,727.0% during the fourth quarter. JPMorgan Chase & Co. now owns 8,934 shares of the company's stock valued at $403,000 after buying an additional 8,445 shares during the period. Polen Capital Management LLC boosted its position in Karooooo by 24.8% during the 4th quarter. Polen Capital Management LLC now owns 13,273 shares of the company's stock worth $599,000 after acquiring an additional 2,639 shares during the period. Finally, Jupiter Asset Management Ltd. increased its holdings in shares of Karooooo by 0.6% in the 4th quarter. Jupiter Asset Management Ltd. now owns 236,972 shares of the company's stock valued at $10,699,000 after purchasing an additional 1,387 shares during the period.
Analyst Upgrades and Downgrades
Separately, Raymond James reissued an "outperform" rating and set a $51.00 target price (up previously from $46.00) on shares of Karooooo in a research note on Thursday, January 16th.
Read Our Latest Stock Report on Karooooo
Karooooo Stock Down 0.2%
NASDAQ KARO traded down $0.09 during trading on Tuesday, reaching $43.92. The company's stock had a trading volume of 3,556 shares, compared to its average volume of 31,525. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.14. Karooooo Ltd. has a 1-year low of $25.80 and a 1-year high of $50.54. The business has a 50-day moving average price of $41.60 and a 200-day moving average price of $43.77. The stock has a market capitalization of $1.36 billion, a PE ratio of 28.15 and a beta of 1.03.
Karooooo Profile
(
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.
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