Karooooo (NASDAQ:KARO – Get Rating) had its price target decreased by Stifel Nicolaus from $40.00 to $34.00 in a research report issued to clients and investors on Thursday, The Fly reports. Stifel Nicolaus’ price objective indicates a potential upside of 26.87% from the stock’s previous close.
Karooooo Trading Up 3.7 %
Karooooo stock opened at $26.80 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $23.24 and its two-hundred day simple moving average is $28.56. Karooooo has a 12 month low of $20.00 and a 12 month high of $40.81. The company has a market capitalization of $573.06 million, a price-to-earnings ratio of 25.77 and a beta of 1.32.
Karooooo (NASDAQ:KARO – Get Rating) last released its earnings results on Wednesday, April 27th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.07). Karooooo had a return on equity of 23.86% and a net margin of 16.40%. The company had revenue of $47.76 million during the quarter, compared to the consensus estimate of $48.31 million. As a group, equities analysts predict that Karooooo will post 1.16 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Karooooo in the second quarter worth $128,000. Schwartz Investment Counsel Inc. raised its stake in shares of Karooooo by 7.4% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 24,828 shares of the company’s stock worth $1,012,000 after purchasing an additional 1,702 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its stake in shares of Karooooo by 27.5% in the first quarter. Jupiter Asset Management Ltd. now owns 140,612 shares of the company’s stock worth $4,085,000 after purchasing an additional 30,357 shares during the last quarter. Hedge funds and other institutional investors own 28.51% of the company’s stock.
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.
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