Isaias Jose Calisto Sells 336 Shares of Karooooo (NASDAQ:KARO) Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 336 shares of Karooooo stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $64.15, for a total transaction of $21,554.40. Following the completion of the sale, the chief executive officer owned 17,631,049 shares of the company’s stock, valued at $1,131,031,793.35. This represents a 0.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, August 26th, Isaias Jose Calisto sold 23 shares of Karooooo stock. The stock was sold at an average price of $64.00, for a total transaction of $1,472.00.
• On Friday, August 21st, Isaias Jose Calisto sold 6,202 shares of Karooooo stock. The stock was sold at an average price of $63.50, for a total transaction of $393,827.00.
• On Wednesday, August 19th, Isaias Jose Calisto sold 1,193 shares of Karooooo stock. The shares were sold at an average price of $63.13, for a total transaction of $75,314.09.
• On Tuesday, August 18th, Isaias Jose Calisto sold 650 shares of Karooooo stock. The shares were sold at an average price of $63.04, for a total transaction of $40,976.00.
• On Friday, August 14th, Isaias Jose Calisto sold 978 shares of Karooooo stock. The stock was sold at an average price of $63.30, for a total transaction of $61,907.40.
• On Thursday, August 13th, Isaias Jose Calisto sold 8,235 shares of Karooooo stock. The shares were sold at an average price of $63.58, for a total value 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 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 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 value of $801,486.40.

Karooooo Stock Up 4.4%

Shares of NASDAQ:KARO traded up $2.81 during trading on Thursday, reaching $67.09. 100,420 shares of the stock were exchanged, compared to its average volume of 82,139. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01. Karooooo Ltd. has a 1-year low of $41.25 and a 1-year high of $67.65. The stock has a fifty day moving average of $59.24 and a two-hundred day moving average of $52.09. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 34.06 and a beta of 0.85.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Raymond James Financial upped their target price on shares of Karooooo from $60.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Needham & Company LLC boosted their price objective on Karooooo from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. UBS Group reissued a “buy” rating and issued a $75.00 price objective on shares of Karooooo in a research note on Thursday, July 16th. Zacks Research lowered Karooooo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, Roth Capital reaffirmed a “buy” rating and set a $74.00 target price on shares of Karooooo in a research report on Friday, July 17th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Karooooo currently has an average rating of “Moderate Buy” and a consensus target price of $73.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DGS Capital Management LLC increased its position in shares of Karooooo by 5.7% in the first quarter. DGS Capital Management LLC now owns 7,359 shares of the company’s stock valued at $367,000 after acquiring an additional 398 shares during the period. Renaissance Technologies LLC grew its stake in shares of Karooooo by 1.4% in the first quarter. Renaissance Technologies LLC now owns 27,987 shares of the company’s stock worth $1,395,000 after purchasing an additional 400 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Karooooo by 7.5% in the third quarter. Lazard Asset Management LLC now owns 6,139 shares of the company’s stock worth $351,000 after purchasing an additional 430 shares during the last quarter. Bank of America Corp DE increased its holdings in Karooooo by 17.2% during the 2nd quarter. Bank of America Corp DE now owns 5,100 shares of the company’s stock valued at $250,000 after purchasing an additional 750 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Karooooo during the 2nd quarter valued at about $54,000.

About Karooooo

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.