Tudor Investment Corp ET AL Boosts Stake in Karooooo Ltd. $KARO

Tudor Investment Corp ET AL raised its position in shares of Karooooo Ltd. (NASDAQ:KARO) by 238.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,917 shares of the company’s stock after buying an additional 12,621 shares during the quarter. Tudor Investment Corp ET AL owned about 0.06% of Karooooo worth $1,023,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Prosperity Wealth Management Inc. purchased a new stake in shares of Karooooo during the 3rd quarter worth approximately $446,000. Bank of America Corp DE grew its holdings 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 purchasing an additional 26,257 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Karooooo by 7.5% in the third quarter. Lazard Asset Management LLC now owns 6,139 shares of the company’s stock valued at $351,000 after purchasing an additional 430 shares in the last quarter. Credit Agricole S A bought a new stake in Karooooo in the third quarter worth $802,000. Finally, Raymond James Financial Inc. increased its position in Karooooo by 7,327.7% in the third quarter. Raymond James Financial Inc. now owns 27,631 shares of the company’s stock worth $1,578,000 after purchasing an additional 27,259 shares during the last quarter.

Karooooo Stock Performance

NASDAQ KARO opened at $47.37 on Tuesday. The business’s 50 day moving average price is $47.61 and its 200-day moving average price is $47.87. Karooooo Ltd. has a fifty-two week low of $35.88 and a fifty-two week high of $63.36. The company has a market cap of $1.46 billion, a P/E ratio of 25.61 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.84.

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

Analyst Upgrades and Downgrades

Several research firms have commented on KARO. Weiss Ratings upgraded shares of Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Wall Street Zen downgraded shares of Karooooo from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Roth Mkm initiated coverage on shares of Karooooo in a research report on Tuesday, February 17th. They set a “buy” rating and a $62.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Karooooo presently has an average rating of “Moderate Buy” and an average target price of $59.00.

Karooooo Company Profile

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.