Karooooo Ltd. (NASDAQ:KARO) Shares Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. grew its position in Karooooo Ltd. (NASDAQ:KARO) by 0.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 236,972 shares of the company’s stock after acquiring an additional 1,387 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Karooooo were worth $10,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. New York State Common Retirement Fund acquired a new stake in shares of Karooooo during the fourth quarter worth $26,000. Quadrature Capital Ltd acquired a new stake in Karooooo in the third quarter valued at $216,000. Walleye Capital LLC acquired a new stake in Karooooo in the third quarter valued at $323,000. Gladius Capital Management LP lifted its holdings in Karooooo by 124.2% in the third quarter. Gladius Capital Management LP now owns 14,513 shares of the company’s stock valued at $575,000 after acquiring an additional 8,041 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Karooooo in the fourth quarter valued at $635,000.

Wall Street Analysts Forecast Growth

Separately, Raymond James reissued an “outperform” rating and issued a $51.00 target price (up previously from $46.00) on shares of Karooooo in a report on Thursday, January 16th.

Karooooo Price Performance

Karooooo stock opened at $41.94 on Thursday. Karooooo Ltd. has a one year low of $23.35 and a one year high of $50.54. 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 of $46.06 and a two-hundred day moving average of $42.98. The company has a market cap of $1.30 billion, a P/E ratio of 26.88 and a beta of 1.03.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings results on Tuesday, January 14th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts predict that Karooooo Ltd. will post 1.57 earnings per share for the current fiscal year.

About Karooooo

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.