New York State Common Retirement Fund Invests $26,000 in Karooooo Ltd. (NASDAQ:KARO)

New York State Common Retirement Fund acquired a new position in shares of Karooooo Ltd. (NASDAQ:KARO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 576 shares of the company’s stock, valued at approximately $26,000.

Several other large investors have also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new stake in shares of Karooooo in the 3rd quarter valued at $216,000. Walleye Capital LLC acquired a new stake in Karooooo in the 3rd quarter valued at about $323,000. Gladius Capital Management LP lifted its stake in Karooooo by 124.2% in the 3rd quarter. Gladius Capital Management LP now owns 14,513 shares of the company’s stock valued at $575,000 after purchasing an additional 8,041 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its position in Karooooo by 17.2% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 60,566 shares of the company’s stock worth $2,735,000 after acquiring an additional 8,881 shares during the last quarter. Finally, Capricorn Fund Managers Ltd acquired a new stake in Karooooo during the fourth quarter worth approximately $6,146,000.

Karooooo Stock Down 4.9 %

Shares of KARO opened at $42.40 on Friday. The firm’s 50 day moving average is $46.37 and its 200-day moving average is $42.80. The stock has a market capitalization of $1.31 billion, a PE ratio of 27.18 and a beta of 1.03. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.14. Karooooo Ltd. has a 12 month low of $23.35 and a 12 month high of $50.54.

Karooooo (NASDAQ:KARO) last issued its quarterly earnings results on Tuesday, January 14th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. Karooooo had a return on equity of 30.29% and a net margin of 19.87%. Equities research analysts forecast that Karooooo Ltd. will post 1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Raymond James reaffirmed an “outperform” rating and set a $51.00 target price (up from $46.00) on shares of Karooooo in a report on Thursday, January 16th.

Karooooo Company 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.