Isaias Jose Calisto Sells 22,549 Shares of Karooooo (NASDAQ:KARO) Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 22,549 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $63.25, for a total transaction of $1,426,224.25. Following the transaction, the chief executive officer directly owned 17,660,358 shares of the company’s stock, valued at approximately $1,117,017,643.50. This trade represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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.
• 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 value 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 shares were sold at an average price of $63.47, for a total transaction of $1,182,446.10.
• On Wednesday, July 29th, Isaias Jose Calisto sold 31,897 shares of Karooooo stock. The shares were sold at an average price of $64.43, for a total value of $2,055,123.71.
• On Tuesday, July 28th, Isaias Jose Calisto sold 22,036 shares of Karooooo stock. The stock was sold at an average price of $64.19, for a total value of $1,414,490.84.

Karooooo Trading Down 0.6%

KARO traded down $0.35 during midday trading on Wednesday, hitting $62.25. The company’s stock had a trading volume of 7,659 shares, compared to its average volume of 82,893. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.92 billion, a P/E ratio of 31.71 and a beta of 0.85. The firm has a 50-day moving average price of $55.66 and a two-hundred day moving average price of $51.01. Karooooo Ltd. has a 52-week low of $41.25 and a 52-week high of $67.14.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings data on Thursday, July 16th. The company reported $0.59 earnings per share for the quarter, topping 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 business had revenue of $96.26 million for the quarter. On average, research analysts anticipate that Karooooo Ltd. will post 2.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on KARO shares. Freedom Capital cut shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Roth Capital reaffirmed a “buy” rating and issued a $74.00 target price on shares of Karooooo in a research report on Friday, July 17th. Needham & Company LLC boosted their price target on Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Karooooo in a research report on Friday, April 24th. Finally, Raymond James Financial lifted their price objective on Karooooo from $60.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Karooooo currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.50.

Institutional Investors Weigh In On Karooooo

A number of hedge funds have recently modified their holdings of the business. Capricorn Fund Managers Ltd increased its stake in Karooooo by 16.9% during the 1st quarter. Capricorn Fund Managers Ltd now owns 278,346 shares of the company’s stock worth $13,873,000 after purchasing an additional 40,268 shares in the last quarter. Schwartz Investment Counsel Inc. grew its holdings in shares of 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 buying an additional 14,600 shares in the last quarter. Two Sigma Investments LP lifted its stake in Karooooo by 115.4% in the 3rd quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock valued at $4,234,000 after acquiring an additional 39,709 shares in the last quarter. Marshall Wace LLP boosted its position in Karooooo by 699.1% during the 2nd quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock worth $2,723,000 after acquiring an additional 48,644 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Karooooo by 43.1% during the 4th quarter. First Trust Advisors LP now owns 46,767 shares of the company’s stock worth $2,128,000 after acquiring an additional 14,078 shares during the last quarter.

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.