Capricorn Fund Managers Ltd Has $7.58 Million Holdings in Karooooo Ltd. $KARO

Capricorn Fund Managers Ltd raised its stake in Karooooo Ltd. (NASDAQ:KARO) by 7.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 154,756 shares of the company’s stock after acquiring an additional 11,286 shares during the quarter. Karooooo makes up 3.6% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 8th biggest position. Capricorn Fund Managers Ltd’s holdings in Karooooo were worth $7,580,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KARO. State of Wyoming bought a new stake in Karooooo in the first quarter valued at $418,000. Credit Agricole S A increased its stake in Karooooo by 95.5% in the first 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 in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Karooooo by 77.9% in the first quarter. Acadian Asset Management LLC now owns 46,454 shares of the company’s stock valued at $1,955,000 after purchasing an additional 20,347 shares in the last quarter.

Analyst Ratings Changes

Several research firms have weighed in on KARO. Needham & Company LLC began coverage on shares of Karooooo in a research note on Wednesday, July 16th. They issued a “buy” rating and a $60.00 price target for the company. Wall Street Zen downgraded shares of Karooooo from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 22nd. UBS Group started coverage on shares of Karooooo in a research report on Friday, August 29th. They set a “buy” rating and a $60.00 target price for the company. Raymond James Financial reissued an “outperform” rating and set a $60.00 target price (up from $58.00) on shares of Karooooo in a research report on Thursday, July 24th. Finally, Zacks Research downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 11th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.25.

Karooooo Stock Down 1.6%

Karooooo stock opened at $56.69 on Friday. Karooooo Ltd. has a fifty-two week low of $35.88 and a fifty-two week high of $63.36. The stock has a market cap of $1.75 billion, a PE ratio of 32.96 and a beta of 1.09. The firm’s 50-day simple moving average is $51.62 and its 200 day simple moving average is $48.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.17.

Karooooo (NASDAQ:KARO) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.02. Karooooo had a net margin of 20.23% and a return on equity of 31.48%. The business had revenue of $70.49 million for the quarter, compared to analysts’ expectations of $1.25 billion. Karooooo has set its FY 2026 guidance at 1.760-1.920 EPS. Research analysts predict that Karooooo Ltd. will post 1.57 EPS for the current fiscal year.

Karooooo Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 15th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, August 15th. This represents a yield of 220.0%. Karooooo’s payout ratio is 290.70%.

Karooooo 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.