Nipun Capital L.P. purchased a new position in shares of Karooooo Ltd. (NASDAQ:KARO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,700 shares of the company's stock, valued at approximately $242,000. Karooooo comprises 0.1% of Nipun Capital L.P.'s investment portfolio, making the stock its 10th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Common Retirement Fund bought a new stake in Karooooo during the 4th quarter worth approximately $26,000. BNP Paribas Financial Markets acquired a new position in shares of Karooooo during the fourth quarter worth $210,000. Lazard Asset Management LLC grew its stake in shares of Karooooo by 17.5% in the fourth quarter. Lazard Asset Management LLC now owns 4,961 shares of the company's stock worth $223,000 after purchasing an additional 740 shares during the last quarter. Northern Trust Corp acquired a new stake in Karooooo in the fourth quarter valued at $340,000. Finally, JPMorgan Chase & Co. raised its position in Karooooo by 1,727.0% during the 4th quarter. JPMorgan Chase & Co. now owns 8,934 shares of the company's stock worth $403,000 after purchasing an additional 8,445 shares during the last quarter.

Karooooo stock opened at $54.75 on Friday. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 35.10 and a beta of 1.03. Karooooo Ltd. has a 52-week low of $25.80 and a 52-week high of $58.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.25. The firm has a 50 day moving average price of $44.58 and a two-hundred day moving average price of $44.92.

Karooooo (NASDAQ:KARO - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.07. The business had revenue of $65.12 million during the quarter, compared to the consensus estimate of $1.18 billion. Karooooo had a net margin of 19.87% and a return on equity of 30.29%. During the same quarter last year, the firm earned $6.81 earnings per share. Equities analysts predict that Karooooo Ltd. will post 1.57 EPS for the current year.

Separately, Raymond James upped their price target on Karooooo from $51.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, May 16th.

Get Our Latest Stock Analysis on Karooooo

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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.

Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Karooooo Ltd. (NASDAQ:KARO - Free Report).

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