Pittenger & Anderson Inc. Takes $705,000 Position in Karooooo Ltd. $KARO

Pittenger & Anderson Inc. acquired a new position in Karooooo Ltd. (NASDAQ:KARO) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 12,340 shares of the company’s stock, valued at approximately $705,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Telemark Asset Management LLC purchased a new stake in Karooooo during the 2nd quarter valued at about $11,028,000. Fiera Capital Corp bought a new stake in Karooooo in the second quarter valued at approximately $5,878,000. Marshall Wace LLP lifted its position in 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 purchasing an additional 48,644 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Karooooo during the second quarter valued at approximately $1,378,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Karooooo by 50.1% during the second quarter. Acadian Asset Management LLC now owns 69,705 shares of the company’s stock valued at $3,391,000 after purchasing an additional 23,251 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KARO. Wall Street Zen raised shares of Karooooo from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings raised shares of Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Karooooo presently has an average rating of “Moderate Buy” and a consensus target price of $58.25.

Karooooo Price Performance

KARO opened at $50.05 on Friday. 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 Ltd. has a 52-week low of $35.88 and a 52-week high of $63.36. The stock has a market capitalization of $1.55 billion, a PE ratio of 27.05 and a beta of 1.06. The stock’s 50 day moving average price is $46.50 and its 200-day moving average price is $48.44.

Karooooo (NASDAQ:KARO) 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 company had revenue of $82.34 million during the quarter, compared to analyst estimates 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. On average, equities research analysts predict that Karooooo Ltd. will post 1.57 EPS for the current year.

About Karooooo

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.