Insider Selling: Karooooo (NASDAQ:KARO) CEO Sells $15,248.42 in Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 242 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $63.01, for a total transaction of $15,248.42. Following the transaction, the chief executive officer owned 17,660,116 shares in the company, valued at approximately $1,112,763,909.16. The trade was a 0.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Isaias Jose Calisto also recently made the following trade(s):

• On Thursday, August 13th, Isaias Jose Calisto sold 8,235 shares of Karooooo stock. The stock was sold at an average price of $63.58, for a total transaction of $523,581.30.
• On Wednesday, August 12th, Isaias Jose Calisto sold 2,158 shares of Karooooo stock. The shares were sold at an average price of $63.05, for a total transaction of $136,061.90.
• On Monday, August 10th, Isaias Jose Calisto sold 22,549 shares of Karooooo stock. The shares were sold at an average price of $63.25, for a total transaction of $1,426,224.25.
• On Friday, August 7th, Isaias Jose Calisto sold 12,430 shares of Karooooo stock. The stock was sold at an average price of $64.48, for a total transaction of $801,486.40.
• On Thursday, August 6th, Isaias Jose Calisto sold 18,849 shares of Karooooo stock. The stock was sold at an average price of $63.29, for a total transaction of $1,192,953.21.
• On Wednesday, August 5th, Isaias Jose Calisto sold 33,833 shares of Karooooo stock. The shares were sold at an average price of $66.14, for a total transaction of $2,237,714.62.
• On Tuesday, August 4th, Isaias Jose Calisto sold 25,594 shares of Karooooo stock. The shares were sold at an average price of $64.60, for a total transaction of $1,653,372.40.
• On Monday, August 3rd, Isaias Jose Calisto sold 20,417 shares of Karooooo stock. The stock was sold at an average price of $64.51, for a total value of $1,317,100.67.
• On Friday, July 31st, Isaias Jose Calisto sold 25,452 shares of Karooooo stock. The stock was sold at an average price of $64.65, for a total value of $1,645,471.80.
• On Thursday, July 30th, Isaias Jose Calisto sold 18,630 shares of Karooooo stock. The stock was sold at an average price of $63.47, for a total value of $1,182,446.10.

Karooooo Price Performance

NASDAQ:KARO opened at $62.28 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average price is $56.60 and its two-hundred day moving average price is $51.31. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 31.61 and a beta of 0.85. Karooooo Ltd. has a 12-month low of $41.25 and a 12-month high of $67.14.

Karooooo (NASDAQ:KARO) last issued its earnings results on Thursday, July 16th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.51 by $0.08. The company had revenue of $96.26 million during the quarter. Karooooo had a return on equity of 32.03% and a net margin of 17.74%. On average, analysts anticipate that Karooooo Ltd. will post 2.41 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in shares of Karooooo during the first quarter worth $1,015,000. Tudor Investment Corp ET AL grew its stake in shares of Karooooo by 238.3% in the third quarter. Tudor Investment Corp ET AL now owns 17,917 shares of the company’s stock valued at $1,023,000 after acquiring an additional 12,621 shares in the last quarter. Aurora Investment Counsel acquired a new position in shares of Karooooo in the fourth quarter valued at about $1,651,000. Bullseye Asset Management LLC increased its position in Karooooo by 101.7% during the fourth quarter. Bullseye Asset Management LLC now owns 32,129 shares of the company’s stock worth $1,461,000 after acquiring an additional 16,200 shares during the period. Finally, Schwartz Investment Counsel Inc. increased its position in Karooooo by 22.9% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 78,365 shares of the company’s stock worth $3,566,000 after acquiring an additional 14,600 shares during the period.

Analyst Ratings Changes

KARO has been the topic of several research reports. Needham & Company LLC upped their price objective on shares of Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. UBS Group restated a “buy” rating and set a $75.00 target price on shares of Karooooo in a research note on Thursday, July 16th. Roth Capital reaffirmed a “buy” rating and set a $74.00 target price on shares of Karooooo in a report on Friday, July 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Karooooo in a research note on Friday, April 24th. Finally, Zacks Research cut shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Karooooo has a consensus rating of “Moderate Buy” and an average price target of $73.50.

Karooooo Company Profile

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.