Walleye Capital LLC Takes Position in Karooooo Ltd. (NASDAQ:KARO)

Walleye Capital LLC purchased a new position in Karooooo Ltd. (NASDAQ:KARO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,142 shares of the company’s stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors have also made changes to their positions in KARO. Swedbank AB boosted its position in shares of Karooooo by 26.0% in the 2nd quarter. Swedbank AB now owns 120,000 shares of the company’s stock worth $3,516,000 after purchasing an additional 24,746 shares during the last quarter. Jupiter Asset Management Ltd. lifted its holdings in Karooooo by 5.4% during the second quarter. Jupiter Asset Management Ltd. now owns 209,097 shares of the company’s stock worth $6,001,000 after acquiring an additional 10,705 shares in the last quarter. Gladius Capital Management LP lifted its holdings in Karooooo by 124.2% during the third quarter. Gladius Capital Management LP now owns 14,513 shares of the company’s stock worth $575,000 after acquiring an additional 8,041 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Karooooo by 23.3% during the second quarter. Renaissance Technologies LLC now owns 17,757 shares of the company’s stock worth $520,000 after acquiring an additional 3,356 shares in the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC lifted its holdings in Karooooo by 1.2% during the second quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 175,349 shares of the company’s stock worth $5,138,000 after acquiring an additional 2,000 shares in the last quarter.

Karooooo Stock Down 9.8 %

KARO stock opened at $44.72 on Tuesday. The business’s 50-day moving average price is $40.99 and its two-hundred day moving average price is $36.86. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. Karooooo Ltd. has a 1-year low of $23.35 and a 1-year high of $50.00.

Karooooo (NASDAQ:KARO) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $60.70 million for the quarter, compared to analyst estimates of $60.26 million. Karooooo had a return on equity of 29.39% and a net margin of 19.29%. On average, research analysts expect that Karooooo Ltd. will post 1.61 earnings per share for the current year.

About Karooooo

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.