Fiera Capital Corp Buys New Shares in Karooooo Ltd. $KARO

Fiera Capital Corp purchased a new position in shares of Karooooo Ltd. (NASDAQ:KARO) during the 2nd quarter, HoldingsChannel reports. The firm purchased 120,000 shares of the company’s stock, valued at approximately $5,878,000.

Other hedge funds also recently bought and sold shares of the company. Calamos Advisors LLC acquired a new position in shares of Karooooo during the second quarter worth about $270,000. State of Wyoming purchased a new position in Karooooo in the first quarter worth approximately $418,000. Credit Agricole S A increased its position in shares of Karooooo by 95.5% in the 1st quarter. Credit Agricole S A now owns 14,049 shares of the company’s stock valued at $598,000 after purchasing an additional 6,861 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Karooooo by 56.6% in the 2nd 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. Finally, Acadian Asset Management LLC grew its stake in shares of Karooooo by 77.9% during the first quarter. Acadian Asset Management LLC now owns 46,454 shares of the company’s stock worth $1,955,000 after purchasing an additional 20,347 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KARO shares. Zacks Research downgraded Karooooo from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. Weiss Ratings began coverage on shares of Karooooo in a research note on Thursday, October 16th. They issued a “hold (c+)” rating on the stock. UBS Group began coverage on shares of Karooooo in a research report on Friday, August 29th. They set a “buy” rating and a $60.00 price objective for the company. Wall Street Zen lowered shares of Karooooo from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $60.00 price objective (up previously from $58.00) on shares of Karooooo in a report on Thursday, July 24th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Karooooo currently has an average rating of “Moderate Buy” and a consensus price target of $58.25.

Karooooo Trading Down 0.2%

Shares of Karooooo stock opened at $45.04 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.79 and a current ratio of 0.80. The company has a market capitalization of $1.39 billion, a P/E ratio of 25.16 and a beta of 1.06. Karooooo Ltd. has a 1 year low of $35.88 and a 1 year high of $63.36. The company’s fifty day moving average is $50.71 and its two-hundred day moving average is $50.00.

Karooooo (NASDAQ:KARO) last announced its earnings results on Tuesday, October 14th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $76.16 million during the quarter, compared to the consensus estimate of $73.45 million. Karooooo had a net margin of 19.90% and a return on equity of 31.64%. Karooooo has set its FY 2026 guidance at 1.830-2.000 EPS. Analysts forecast that Karooooo Ltd. will post 1.57 earnings per share for the current year.

Karooooo Company Profile

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.