Schwartz Investment Counsel Inc. raised its stake in Karooooo Ltd. (NASDAQ:KARO - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,566 shares of the company's stock after acquiring an additional 8,881 shares during the quarter. Schwartz Investment Counsel Inc. owned about 0.20% of Karooooo worth $2,735,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in KARO. Capricorn Fund Managers Ltd acquired a new stake in shares of Karooooo during the 4th quarter worth $6,146,000. Gladius Capital Management LP grew its stake in shares of Karooooo by 124.2% in the third quarter. Gladius Capital Management LP now owns 14,513 shares of the company's stock worth $575,000 after purchasing an additional 8,041 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Karooooo in the 3rd quarter valued at about $216,000. Finally, Walleye Capital LLC bought a new stake in Karooooo in the third quarter valued at approximately $323,000.
NASDAQ:KARO opened at $46.88 on Wednesday. Karooooo Ltd. has a one year low of $23.35 and a one year high of $50.54. The company has a market cap of $1.45 billion, a PE ratio of 30.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.25 and a quick ratio of 1.24. The firm has a 50-day moving average of $46.42 and a 200-day moving average of $41.71.
Karooooo (NASDAQ:KARO - Get Free Report) last issued its quarterly earnings data on Tuesday, January 14th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. Karooooo had a return on equity of 30.29% and a net margin of 19.87%. As a group, equities research analysts expect that Karooooo Ltd. will post 1.57 EPS for the current fiscal year.
Separately, Raymond James reaffirmed an "outperform" rating and set a $51.00 price target (up previously from $46.00) on shares of Karooooo in a research report on Thursday, January 16th.
View Our Latest Research Report on KARO
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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