Karooooo (NASDAQ:KARO) CEO Sells $136,061.90 in Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 2,158 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $63.05, for a total value of $136,061.90. Following the completion of the sale, the chief executive officer directly owned 17,657,958 shares of the company’s stock, valued at $1,113,334,251.90. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 value of $523,581.30.
• 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 stock was 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 shares were 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 transaction 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 transaction 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 transaction of $1,182,446.10.

Karooooo Price Performance

Shares of NASDAQ KARO opened at $62.28 on Monday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 31.61 and a beta of 0.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02. Karooooo Ltd. has a fifty-two week low of $41.25 and a fifty-two week high of $67.14. The firm’s 50-day simple moving average is $56.60 and its 200 day simple moving average is $51.31.

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

Institutional Investors Weigh In On Karooooo

Large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in shares of Karooooo in the first quarter worth about $1,015,000. Aurora Investment Counsel purchased a new stake in shares of Karooooo during the 4th quarter valued at approximately $1,651,000. Bullseye Asset Management LLC lifted its stake in shares of Karooooo by 101.7% during the 4th quarter. Bullseye Asset Management LLC now owns 32,129 shares of the company’s stock valued at $1,461,000 after buying an additional 16,200 shares in the last quarter. Schwartz Investment Counsel Inc. boosted its holdings in Karooooo by 22.9% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 78,365 shares of the company’s stock worth $3,566,000 after buying an additional 14,600 shares during the period. Finally, Capricorn Fund Managers Ltd boosted its holdings in Karooooo by 16.9% in the 1st quarter. Capricorn Fund Managers Ltd now owns 278,346 shares of the company’s stock worth $13,873,000 after buying an additional 40,268 shares during the period.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Raymond James Financial upped their price objective on Karooooo from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Wall Street Zen raised shares of Karooooo from a “hold” rating to a “buy” rating in a report on Monday. UBS Group restated a “buy” rating and set a $75.00 price target on shares of Karooooo in a research report on Thursday, July 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Karooooo in a report on Friday, April 24th. 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.