Karooooo saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 92 to 96.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Karooooo is not currently near a proper entry. See if the stock goes on to form a new base and offer a new buying opportunity. Understand that it's a thinly traded stock, with average daily dollar volume under $8 million. Such stocks may experience more volatility than those with more liquidity.
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The stock earns a 93 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 93% of all stocks.
Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company reported a 24% earnings gain for Q3. Sales growth fell to 12%, down from 13% in the prior quarter.
Karooooo earns the No. 1 rank among its peers in the Computer Software-Special Enterprise industry group. AppLovin and Atlassian Cl A are also among the group's highest-rated stocks.
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