Tudor Investment Corp ET AL Purchases 12,621 Shares of Karooooo Ltd. $KARO

Tudor Investment Corp ET AL raised its position in shares of Karooooo Ltd. (NASDAQ:KARO – Free Report) by 238.3% in the third quarter, Holdings Channel reports. The fund owned 17,917 shares of the company’s stock after buying an additional 12,621 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Karooooo were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Marshall Wace LLP lifted its stake 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 buying an additional 48,644 shares during the period. Two Sigma Investments LP lifted its stake in shares of Karooooo by 115.4% in the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock valued at $4,234,000 after buying an additional 39,709 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Karooooo in the second quarter valued at about $1,378,000. Raymond James Financial Inc. lifted its stake in shares of Karooooo by 7,327.7% in the third quarter. Raymond James Financial Inc. now owns 27,631 shares of the company’s stock valued at $1,578,000 after buying an additional 27,259 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Karooooo by 514.8% in the third quarter. Bank of America Corp DE now owns 31,357 shares of the company’s stock valued at $1,791,000 after buying an additional 26,257 shares during the period.

Wall Street Analyst Weigh In

KARO has been the subject of several research reports. Weiss Ratings upgraded shares of Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 27th. Wall Street Zen upgraded shares of Karooooo from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Roth Mkm initiated coverage on shares of Karooooo in a research note on Tuesday, February 17th. They issued a “buy” rating and a $62.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.00.

Get Our Latest Research Report on Karooooo

Karooooo Stock Up 0.3%

Shares of KARO opened at $50.99 on Wednesday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 27.56 and a beta of 1.02. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06. Karooooo Ltd. has a 12 month low of $37.73 and a 12 month high of $63.36. The company has a 50-day moving average price of $48.01 and a two-hundred day moving average price of $47.44.

Karooooo (NASDAQ:KARO – Get Free Report) last announced its quarterly earnings results on Tuesday, January 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The firm had revenue of $82.34 million during the quarter, compared to analysts’ expectations of $79.04 million. Karooooo had a net margin of 19.45% and a return on equity of 31.83%. Karooooo has set its FY 2026 guidance at 1.876-2.049 EPS. Equities analysts predict that Karooooo Ltd. will post 1.57 EPS for the current fiscal year.

About Karooooo

(Free Report)

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.

Further Reading

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