Is Karooooo (KARO) A Great Investment Choice?

Polen Capital, an investment management firm, published its “Polen Global Emerging Markets Growth” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The MSCI Emerging Markets Index (the “Index’) declined by 1.31% in the fourth quarter as tightening global money markets, the discovery of the Omicron variant, and rising geopolitical tensions weighed on risk appetite worldwide. The Polen Global Emerging Markets Growth Composite Portfolio (the “Portfolio”) returned -4.77% gross and -5.00% net of fees for the period. For the full year, the Portfolio returned -8.97% gross and -9.87% net of fees compared to -2.53% for the benchmark  Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Polen Global Emerging Markets Growth Fund, in its Q4 2021 investor letter, mentioned Karooooo Ltd. (NASDAQ: KARO) and discussed its stance on the firm. Founded in (year founded), Karooooo Ltd. is a Singapore-based real-time mobility data analytics solutions provider with an $891.3 million market capitalization and is currently spearheaded by its CEO, (CEO). KARO delivered a -9.00% and it closed at $28.80 per share on March 11, 2022.

Here is what Polen Global Emerging Markets Growth Fund has to say about Karooooo Ltd. in its Q4 2021 investor letter:

“Karooooo, known as Cartrack, offers highly precise vehicle tracking services helping its customers improve the efficiency, safety, and security of their logistics operations. While the global telematics market remains highly fragmented, Cartrack is rapidly growing its presence in international markets, with a particular emphasis on Southeast Asia. In the fourth quarter, the company reported a 20% increase in total revenue and a 16% increase in subscription revenues.”

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Our calculations show that Karooooo Ltd. (NASDAQ: KARO) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. KARO was in 5 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 4 funds in the previous quarter. Karooooo Ltd. (NASDAQ: KARO) delivered a -19.93% return in the past 3 months. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.