Capricorn Fund Managers Ltd Takes Position in Karooooo Ltd. (NASDAQ:KARO)

Capricorn Fund Managers Ltd purchased a new position in shares of Karooooo Ltd. (NASDAQ:KARO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 132,884 shares of the company’s stock, valued at approximately $6,146,000. Karooooo accounts for about 2.7% of Capricorn Fund Managers Ltd’s holdings, making the stock its 9th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in shares of Karooooo by 23.3% in the 2nd quarter. Renaissance Technologies LLC now owns 17,757 shares of the company’s stock valued at $520,000 after purchasing an additional 3,356 shares in the last quarter. Gladius Capital Management LP increased 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 buying an additional 8,041 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Karooooo in the third quarter valued at $216,000. Finally, Walleye Capital LLC bought a new position in Karooooo during the 3rd quarter valued at $323,000.

Analyst Upgrades and Downgrades

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 research report on Thursday, January 16th.

Karooooo Trading Up 1.5 %

NASDAQ:KARO opened at $45.40 on Tuesday. The company has a market cap of $1.40 billion, a PE ratio of 29.10 and a beta of 1.03. The business’s 50 day moving average is $45.10 and its two-hundred day moving average is $40.25. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 0.14. Karooooo Ltd. has a 52 week low of $23.35 and a 52 week high of $50.54.

Karooooo (NASDAQ:KARO) last released its quarterly earnings data on Tuesday, January 14th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Karooooo had a net margin of 19.87% and a return on equity of 30.29%. On average, analysts predict that Karooooo Ltd. will post 1.57 EPS for the current year.

Karooooo Company Profile

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.