Karooooo Ltd. (NASDAQ:KARO) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in Karooooo Ltd. (NASDAQ:KARO) by 15.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,400 shares of the company’s stock after selling 600 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Karooooo were worth $83,000 as of its most recent SEC filing.

Separately, Jupiter Asset Management Ltd. grew its stake in shares of Karooooo by 17.9% in the third quarter. Jupiter Asset Management Ltd. now owns 196,873 shares of the company’s stock valued at $3,920,000 after buying an additional 29,849 shares in the last quarter.

Analyst Ratings Changes

Separately, Morgan Stanley reissued an “overweight” rating and set a $31.00 target price on shares of Karooooo in a research note on Monday, April 22nd.

Karooooo Trading Up 1.5 %

Shares of KARO stock opened at $29.46 on Friday. Karooooo Ltd. has a fifty-two week low of $18.59 and a fifty-two week high of $32.00. The company has a 50 day moving average price of $27.16 and a 200 day moving average price of $25.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.49.

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.