1 day Ago By ABMN Staff
Karooooo Ltd. ( NASDAQ:KARO – Get Free Report ) shares saw an uptick in trading volume on Monday . 8,237 shares traded hands during mid-day trading, a decline of 43% from the previous session’s volume of 14,425 shares.
The stock last traded at $37.78 and had previously closed at $38.11.
Analyst Ratings Changes Separately, Morgan Stanley boosted their target price on shares of Karooooo from $31.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th.
Check Out Our Latest Research Report on Karooooo Karooooo Price Performance Karooooo ( NASDAQ:KARO – Get Free Report ) last announced its quarterly earnings data on Thursday, July 18th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
36 by $0.03. Karooooo had a return on equity of 27.
88% and a net margin of 18.70%. The firm had revenue of $58.
29 million during the quarter, compared to analysts’ expectations of $58.54 million. Equities analysts predict that Karooooo Ltd.
will post 1.48 earnings per share for the current year. Karooooo Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th.
Shareholders of record on Thursday, August 8th were paid a dividend of $1.08 per share. This represents a $4.
32 annualized dividend and a yield of 11.15%. This is a boost from Karooooo’s previous quarterly dividend of $0.
85. The ex-dividend date was Thursday, August 8th. Karooooo’s payout ratio is presently 340.
16%. Institutional Trading of Karooooo A number of hedge funds and other institutional investors have recently made changes to their positions in KARO. Acadian Asset Management LLC acquired a new position in Karooooo during the first quarter valued at $67,000.
Renaissance Technologies LLC lifted its holdings in shares of Karooooo by 23.3% in the 2nd quarter. Renaissance Technologies LLC now owns 17,757 shares of the company’s stock valued at $520,000 after buying an additional 3,356 shares during the period.
Swedbank AB acquired a new position in shares of Karooooo in the 1st quarter valued at about $2,387,000. Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in shares of Karooooo by 1.2% in the second quarter.
Schwarz Dygos Wheeler Investment Advisors LLC now owns 175,349 shares of the company’s stock worth $5,138,000 after buying an additional 2,000 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in Karooooo by 2.
6% during the first quarter. Jupiter Asset Management Ltd. now owns 198,392 shares of the company’s stock worth $4,972,000 after acquiring an additional 5,002 shares during the period.
Karooooo Company Profile ( Get 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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