Jupiter Asset Management Ltd. Purchases 29,849 Shares of Karooooo Ltd. (NASDAQ:KARO)

Jupiter Asset Management Ltd. grew its position in Karooooo Ltd. (NASDAQ:KAROFree Report) by 17.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 196,873 shares of the company’s stock after purchasing an additional 29,849 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Karooooo were worth $3,920,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Schwartz Investment Counsel Inc. lifted its stake in Karooooo by 2.0% during the third quarter. Schwartz Investment Counsel Inc. now owns 51,685 shares of the company’s stock worth $1,029,000 after purchasing an additional 1,000 shares during the last quarter. Barclays PLC lifted its stake in Karooooo by 430.5% during the second quarter. Barclays PLC now owns 4,546 shares of the company’s stock worth $106,000 after purchasing an additional 3,689 shares during the last quarter. Anchor Capital Advisors LLC bought a new stake in Karooooo during the second quarter worth $368,000. Robeco Institutional Asset Management B.V. bought a new stake in Karooooo during the second quarter worth $93,000. Finally, Geode Capital Management LLC lifted its stake in Karooooo by 14.3% during the first quarter. Geode Capital Management LLC now owns 18,218 shares of the company’s stock worth $428,000 after purchasing an additional 2,277 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Morgan Stanley cut their target price on Karooooo from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Raymond James upped their target price on Karooooo from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th.

Get Our Latest Analysis on KARO

Karooooo Stock Down 3.2 %

Shares of KARO opened at $23.52 on Friday. Karooooo Ltd. has a 52 week low of $18.59 and a 52 week high of $29.99. The company has a current ratio of 1.38, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average of $24.74 and a 200-day moving average of $23.89.

Karooooo Profile

(Free Report)

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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Institutional Ownership by Quarter for Karooooo (NASDAQ:KARO)

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