Telemark Asset Management LLC Makes New $11.03 Million Investment in Karooooo Ltd. $KARO

Telemark Asset Management LLC bought a new position in shares of Karooooo Ltd. (NASDAQ:KARO) during the 2nd quarter, Holdings Channel reports. The firm bought 225,150 shares of the company’s stock, valued at approximately $11,028,000.

Other institutional investors have also made changes to their positions in the company. Capricorn Fund Managers Ltd grew its holdings in Karooooo by 8.0% during the 1st quarter. Capricorn Fund Managers Ltd now owns 143,470 shares of the company’s stock worth $6,103,000 after acquiring an additional 10,586 shares during the last quarter. Credit Agricole S A lifted its position in shares of Karooooo by 95.5% during the first quarter. Credit Agricole S A now owns 14,049 shares of the company’s stock worth $598,000 after purchasing an additional 6,861 shares in the last quarter. State of Wyoming acquired a new stake in shares of Karooooo in the first quarter valued at approximately $418,000. Acadian Asset Management LLC increased its holdings in shares of 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. Finally, Geode Capital Management LLC raised its position in Karooooo by 56.6% in the 2nd quarter. Geode Capital Management LLC now owns 29,892 shares of the company’s stock worth $1,464,000 after purchasing an additional 10,799 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Karooooo Stock Down 0.9%

NASDAQ:KARO opened at $41.60 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.08. Karooooo Ltd. has a 12-month low of $35.88 and a 12-month high of $63.36. The stock’s fifty day simple moving average is $49.69 and its 200-day simple moving average is $49.97. The firm has a market capitalization of $1.29 billion, a P/E ratio of 23.24 and a beta of 1.06.

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

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.