Acadian Asset Management LLC Has $1.96 Million Position in Karooooo Ltd. $KARO

Acadian Asset Management LLC increased its position in Karooooo Ltd. (NASDAQ:KARO) by 77.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,454 shares of the company’s stock after buying an additional 20,347 shares during the quarter. Acadian Asset Management LLC owned 0.15% of Karooooo worth $1,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capricorn Fund Managers Ltd increased its stake in shares of Karooooo by 8.0% in the first quarter. Capricorn Fund Managers Ltd now owns 143,470 shares of the company’s stock valued at $6,103,000 after buying an additional 10,586 shares during the period. Credit Agricole S A increased its position in Karooooo by 95.5% during the 1st quarter. Credit Agricole S A now owns 14,049 shares of the company’s stock valued at $598,000 after purchasing an additional 6,861 shares during the period. State of Wyoming acquired a new stake in Karooooo during the 1st quarter valued at approximately $418,000. Squarepoint Ops LLC increased its position in Karooooo by 6.8% during the 4th quarter. Squarepoint Ops LLC now owns 9,494 shares of the company’s stock valued at $429,000 after purchasing an additional 602 shares during the period. Finally, Northern Trust Corp acquired a new stake in Karooooo during the 4th quarter valued at approximately $340,000.

Karooooo Stock Performance

Shares of KARO stock opened at $54.98 on Wednesday. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 31.97 and a beta of 1.08. Karooooo Ltd. has a 52 week low of $35.51 and a 52 week high of $63.36. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $49.79 and a 200-day moving average of $47.37.

Karooooo (NASDAQ:KARO) last issued its earnings results on Tuesday, July 22nd. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. Karooooo had a return on equity of 31.48% and a net margin of 20.23%.The company had revenue of $70.49 million for the quarter, compared to analysts’ expectations of $1.25 billion. Karooooo has set its FY 2026 guidance at 1.760-1.920 EPS. On average, equities analysts forecast that Karooooo Ltd. will post 1.57 earnings per share for the current year.

Karooooo Announces Dividend

The company also recently announced an annual dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 15th were issued a $1.25 dividend. This represents a dividend yield of 220.0%. The ex-dividend date was Friday, August 15th. Karooooo’s dividend payout ratio (DPR) is currently 290.70%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of Karooooo from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 22nd. Zacks Research downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 11th. Morgan Stanley reissued an “overweight” rating and set a $53.00 target price (up previously from $43.00) on shares of Karooooo in a research report on Thursday, June 26th. Needham & Company LLC assumed coverage on shares of Karooooo in a research report on Wednesday, July 16th. They set a “buy” rating and a $60.00 target price for the company. Finally, Raymond James Financial reissued an “outperform” rating and set a $60.00 target price (up previously from $58.00) on shares of Karooooo in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.25.

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.