Capricorn Fund Managers Ltd Raises Stake in Karooooo Ltd. $KARO

Capricorn Fund Managers Ltd grew its holdings in Karooooo Ltd. (NASDAQ:KARO) by 10.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 170,756 shares of the company’s stock after buying an additional 16,000 shares during the period. Karooooo accounts for approximately 3.3% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 11th largest position. Capricorn Fund Managers Ltd owned about 0.55% of Karooooo worth $9,754,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Telemark Asset Management LLC acquired a new position in shares of Karooooo in the second quarter valued at approximately $11,028,000. Fiera Capital Corp acquired a new position in Karooooo in the 2nd quarter valued at $5,878,000. Acadian Asset Management LLC raised its position in Karooooo by 50.1% during the 2nd quarter. Acadian Asset Management LLC now owns 69,705 shares of the company’s stock worth $3,391,000 after buying an additional 23,251 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Karooooo by 699.1% in the second quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock valued at $2,723,000 after acquiring an additional 48,644 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Karooooo by 56.6% during the second quarter. Geode Capital Management LLC now owns 29,892 shares of the company’s stock worth $1,464,000 after acquiring an additional 10,799 shares during the period.

Karooooo Price Performance

KARO stock opened at $47.38 on Friday. The firm has a 50 day moving average of $45.33 and a 200-day moving average of $48.83. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 26.47 and a beta of 1.06. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.08. Karooooo Ltd. has a 12-month low of $35.88 and a 12-month high of $63.36.

Karooooo (NASDAQ:KARO) last released its quarterly earnings results on Tuesday, October 14th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $76.16 million for the quarter, compared to analysts’ expectations of $73.45 million. Karooooo had a return on equity of 31.64% and a net margin of 19.90%.Karooooo has set its FY 2026 guidance at 1.830-2.000 EPS. As a group, equities analysts expect that Karooooo Ltd. will post 1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KARO shares. Zacks Research downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 11th. Wall Street Zen raised Karooooo from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Weiss Ratings initiated coverage on Karooooo in a research note on Thursday, October 16th. They issued a “hold (c+)” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.25.

Karooooo Company Profile

Karooooo Ltd is a global provider of telematics software-as-a-service solutions for vehicle and fleet management. Through its flagship platform, the company delivers real-time GPS tracking, stolen vehicle recovery and driver behaviour analytics, enabling commercial fleets and automotive insurers to optimise operations, increase safety and reduce costs.

Karooooo’s SaaS platform integrates proprietary hardware devices with cloud-based analytics and mobile applications. Customers gain access to live vehicle location data, engine diagnostics, route planning tools and customizable reporting dashboards.