Schwarz Dygos Wheeler Investment Advisors LLC Sells 17,446 Shares of Karooooo Ltd. (NASDAQ:KARO)

Schwarz Dygos Wheeler Investment Advisors LLC trimmed its holdings in shares of Karooooo Ltd. (NASDAQ:KARO) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,915 shares of the company’s stock after selling 17,446 shares during the quarter. Karooooo comprises 1.8% of Schwarz Dygos Wheeler Investment Advisors LLC’s portfolio, making the stock its 11th biggest holding. Schwarz Dygos Wheeler Investment Advisors LLC owned 0.51% of Karooooo worth $7,130,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund acquired a new stake in shares of Karooooo in the fourth quarter worth $26,000. Quadrature Capital Ltd acquired a new position in Karooooo during the 3rd quarter worth $216,000. Walleye Capital LLC acquired a new position in Karooooo during the 3rd quarter worth $323,000. Gladius Capital Management LP boosted 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 valued at $575,000 after acquiring an additional 8,041 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Karooooo in the fourth quarter valued at about $635,000.

Karooooo Trading Up 1.1 %

Shares of Karooooo stock opened at $42.85 on Monday. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 27.47 and a beta of 1.03. Karooooo Ltd. has a 1 year low of $23.35 and a 1 year high of $50.54. The company’s fifty day simple moving average is $46.31 and its 200-day simple moving average is $42.93. 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 (NASDAQ:KARO) last announced its quarterly earnings data on Tuesday, January 14th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Karooooo had a net margin of 19.87% and a return on equity of 30.29%. As a group, sell-side analysts expect that Karooooo Ltd. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.