Gladius Capital Management LP Acquires 8,041 Shares of Karooooo Ltd. (NASDAQ:KARO)

Gladius Capital Management LP grew its holdings in Karooooo Ltd. (NASDAQ:KARO) by 124.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,513 shares of the company’s stock after acquiring an additional 8,041 shares during the period. Karooooo comprises about 0.1% of Gladius Capital Management LP’s investment portfolio, making the stock its 18th biggest position. Gladius Capital Management LP’s holdings in Karooooo were worth $575,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KARO. Acadian Asset Management LLC bought a new position in Karooooo in the 1st quarter worth approximately $67,000. Renaissance Technologies LLC lifted its holdings in shares of Karooooo by 23.3% in the second quarter. Renaissance Technologies LLC now owns 17,757 shares of the company’s stock worth $520,000 after buying an additional 3,356 shares in the last quarter. Swedbank AB bought a new position in shares of Karooooo during the first quarter worth $2,387,000. Jupiter Asset Management Ltd. grew its stake in Karooooo by 2.6% during the first quarter. Jupiter Asset Management Ltd. now owns 198,392 shares of the company’s stock valued at $4,972,000 after acquiring an additional 5,002 shares in the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC increased its holdings in Karooooo by 1.2% in the 2nd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 175,349 shares of the company’s stock valued at $5,138,000 after acquiring an additional 2,000 shares during the last quarter.

Karooooo Stock Performance

Shares of KARO stock opened at $39.60 on Friday. The company’s fifty day simple moving average is $39.81 and its two-hundred day simple moving average is $35.09. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. Karooooo Ltd. has a 52 week low of $23.35 and a 52 week high of $45.99.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Karooooo had a return on equity of 29.39% and a net margin of 19.29%. The company had revenue of $60.70 million during the quarter, compared to analyst estimates of $60.26 million. As a group, research analysts predict that Karooooo Ltd. will post 1.61 EPS for the current year.

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.