Isaias Jose Calisto Sells 8,235 Shares of Karooooo (NASDAQ:KARO) Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 8,235 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $63.58, for a total value of $523,581.30. Following the transaction, the chief executive officer owned 17,649,723 shares in the company, valued at approximately $1,122,169,388.34. This trade represents a 0.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 value of $136,061.90.
• On Monday, August 10th, Isaias Jose Calisto sold 22,549 shares of Karooooo stock. The stock was sold at an average price of $63.25, for a total value of $1,426,224.25.
• On Tuesday, August 11th, Isaias Jose Calisto sold 242 shares of Karooooo stock. The shares were sold at an average price of $63.01, for a total value of $15,248.42.
• 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 shares were 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 stock was sold at an average price of $66.14, for a total value 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 value 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 shares were 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 shares were sold at an average price of $63.47, for a total value of $1,182,446.10.

Karooooo Trading Down 2.5%

NASDAQ KARO opened at $62.28 on Friday. The firm has a market capitalization of $1.92 billion, a P/E ratio of 31.61 and a beta of 0.85. The business has a fifty day simple moving average of $56.60 and a 200 day simple moving average of $51.31. Karooooo Ltd. has a 12 month low of $41.25 and a 12 month high of $67.14. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15.

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

Analysts Set New Price Targets

KARO has been the subject of a number of research analyst reports. Freedom Capital downgraded Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Raymond James Financial raised their target price on Karooooo from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Karooooo in a research note on Friday, April 24th. Roth Capital reissued a “buy” rating and issued a $74.00 price target on shares of Karooooo in a report on Friday, July 17th. Finally, Zacks Research lowered shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.50.

Institutional Investors Weigh In On Karooooo

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in shares of Karooooo by 56.6% in the second quarter. Geode Capital Management LLC now owns 29,892 shares of the company’s stock worth $1,464,000 after purchasing an additional 10,799 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Karooooo by 216.0% during the second quarter. JPMorgan Chase & Co. now owns 8,089 shares of the company’s stock worth $396,000 after acquiring an additional 5,529 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Karooooo during the second quarter worth $1,378,000. New York State Common Retirement Fund boosted its holdings in shares of Karooooo by 465.6% in the second quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock worth $160,000 after acquiring an additional 2,682 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Karooooo in the second quarter worth $156,000.

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.