Karooooo Ltd. $KARO is Capricorn Fund Managers Ltd’s 8th Largest Position

Capricorn Fund Managers Ltd boosted its stake in Karooooo Ltd. (NASDAQ:KARO) by 39.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 238,078 shares of the company’s stock after purchasing an additional 67,322 shares during the quarter. Karooooo comprises approximately 2.6% of Capricorn Fund Managers Ltd’s holdings, making the stock its 8th largest holding. Capricorn Fund Managers Ltd owned 0.77% of Karooooo worth $10,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC grew its position 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 valued at $1,464,000 after purchasing an additional 10,799 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Karooooo by 216.0% during the second quarter. JPMorgan Chase & Co. now owns 8,089 shares of the company’s stock valued at $396,000 after buying an additional 5,529 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Karooooo during the 2nd quarter valued at approximately $1,378,000. New York State Common Retirement Fund grew its holdings in Karooooo by 465.6% during the 2nd quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock valued at $160,000 after buying an additional 2,682 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Karooooo in the 2nd quarter worth approximately $156,000.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KARO. Wall Street Zen cut shares of Karooooo from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Roth Mkm initiated coverage on shares of Karooooo in a research report on Tuesday, February 17th. They set a “buy” rating and a $62.00 price objective for the company. Finally, Weiss Ratings upgraded shares of Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 27th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Karooooo Price Performance

Shares of Karooooo stock opened at $49.68 on Monday. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 26.85 and a beta of 1.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50 day moving average price of $47.93 and a 200-day moving average price of $47.73. Karooooo Ltd. has a one year low of $35.88 and a one year high of $63.36.

Karooooo (NASDAQ:KARO) last released its quarterly earnings results on Tuesday, January 20th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. The company had revenue of $82.34 million for the quarter, compared to analyst estimates of $79.04 million. Karooooo had a return on equity of 31.83% and a net margin of 19.45%.Karooooo has set its FY 2026 guidance at 1.876-2.049 EPS. Equities analysts expect that Karooooo Ltd. will post 1.57 EPS for the current year.

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.