Polen Capital Management LLC Has $225,000 Position in Karooooo Ltd. (NASDAQ:KARO)

Polen Capital Management LLC cut its position in Karooooo Ltd. (NASDAQ:KAROFree Report) by 84.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,250 shares of the company’s stock after selling 49,391 shares during the period. Polen Capital Management LLC’s holdings in Karooooo were worth $225,000 at the end of the most recent reporting period.

Separately, Gladius Capital Management LP raised its stake in Karooooo by 7.9% during the 3rd quarter. Gladius Capital Management LP now owns 6,197 shares of the company’s stock worth $123,000 after buying an additional 454 shares during the period.

Karooooo Stock Down 8.8 %

Shares of Karooooo stock traded down $3.12 on Friday, hitting $32.55. The company had a trading volume of 6,895 shares, compared to its average volume of 7,499. Karooooo Ltd. has a twelve month low of $18.59 and a twelve month high of $37.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.49 and a quick ratio of 1.48. The stock has a 50-day moving average of $28.67 and a 200-day moving average of $26.28. The firm has a market capitalization of $695.92 million, a P/E ratio of 25.63 and a beta of 1.00.

Karooooo (NASDAQ:KAROGet Free Report) last announced its earnings results on Wednesday, May 15th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Karooooo had a net margin of 17.54% and a return on equity of 27.24%. The firm had revenue of $57.64 million during the quarter, compared to analyst estimates of $55.54 million. Research analysts predict that Karooooo Ltd. will post 1.55 earnings per share for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley reissued an “overweight” rating and issued a $31.00 target price on shares of Karooooo in a research note on Monday, April 22nd.

Get Our Latest Report on KARO

Karooooo Company 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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