Pittenger & Anderson Inc. Buys Shares of 12,340 Karooooo Ltd. $KARO

Pittenger & Anderson Inc. purchased a new position in Karooooo Ltd. (NASDAQ:KARO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,340 shares of the company’s stock, valued at approximately $705,000.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in Karooooo by 17.2% during the 2nd quarter. Bank of America Corp DE now owns 5,100 shares of the company’s stock worth $250,000 after acquiring an additional 750 shares during the period. Copeland Capital Management LLC bought a new position in Karooooo in the 3rd quarter valued at $76,000. New York State Common Retirement Fund grew its position in shares of Karooooo by 57.6% during the 3rd quarter. New York State Common Retirement Fund now owns 5,134 shares of the company’s stock valued at $293,000 after purchasing an additional 1,876 shares in the last quarter. Squarepoint Ops LLC increased its holdings in shares of Karooooo by 26.1% in the second quarter. Squarepoint Ops LLC now owns 12,163 shares of the company’s stock worth $596,000 after purchasing an additional 2,518 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Karooooo by 154.5% in the second quarter. BNP Paribas Financial Markets now owns 5,045 shares of the company’s stock worth $247,000 after buying an additional 3,063 shares in the last quarter.

Karooooo Stock Performance

NASDAQ:KARO opened at $50.05 on Friday. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 27.05 and a beta of 1.06. The business has a 50 day moving average of $46.50 and a 200 day moving average of $48.44. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.84 and a quick ratio of 0.84. Karooooo Ltd. has a 1-year low of $35.88 and a 1-year high of $63.36.

Karooooo (NASDAQ:KARO) last issued its quarterly earnings results on Tuesday, January 20th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $82.34 million for the quarter, compared to analysts’ expectations of $79.04 million. Karooooo had a net margin of 19.45% and a return on equity of 31.83%. Karooooo has set its FY 2026 guidance at 1.876-2.049 EPS. On average, sell-side analysts predict that Karooooo Ltd. will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wall Street Zen upgraded Karooooo from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings upgraded Karooooo from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.25.

About Karooooo

Karooooo Ltd is a global provider of telematics software-as-a-service solutions for vehicle and fleet management. Through its flagship platform, the company delivers real-time GPS tracking, stolen vehicle recovery and driver behaviour analytics, enabling commercial fleets and automotive insurers to optimise operations, increase safety and reduce costs.

Karooooo’s SaaS platform integrates proprietary hardware devices with cloud-based analytics and mobile applications. Customers gain access to live vehicle location data, engine diagnostics, route planning tools and customizable reporting dashboards.