Karooooo (NASDAQ:KARO) CEO Isaias Jose Calisto Sells 242 Shares of Stock

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

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

• 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 value of $2,237,714.62.
• On Tuesday, August 4th, Isaias Jose Calisto sold 25,594 shares of Karooooo stock. The stock was 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 shares were 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.
• On Wednesday, July 29th, Isaias Jose Calisto sold 31,897 shares of Karooooo stock. The stock was 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.
• On Monday, July 27th, Isaias Jose Calisto sold 25,913 shares of Karooooo stock. The shares were sold at an average price of $63.44, for a total value of $1,643,920.72.

Karooooo Trading Down 1.0%

NASDAQ KARO opened at $62.60 on Wednesday. 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. The stock has a 50 day moving average of $55.66 and a 200-day moving average of $51.01. The company has a market cap of $1.93 billion, a PE ratio of 31.78 and a beta of 0.85.

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

Analyst Ratings Changes

A number of equities analysts recently commented on KARO shares. Zacks Research cut Karooooo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Roth Capital restated a “buy” rating and issued a $74.00 price objective on shares of Karooooo in a research note on Friday, July 17th. UBS Group reiterated a “buy” rating and set a $75.00 target price on shares of Karooooo in a research note on Thursday, July 16th. Wall Street Zen lowered Karooooo from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Raymond James Financial increased their price target on Karooooo from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Fideuram Asset Management Ireland dac acquired a new stake in Karooooo during the fourth quarter worth approximately $80,000. Royal Bank of Canada grew its position in shares of Karooooo by 852.9% in the fourth quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock valued at $135,000 after purchasing an additional 2,644 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Karooooo in the second quarter valued at approximately $156,000. New York State Common Retirement Fund increased its stake in shares of Karooooo by 465.6% during the second quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock worth $160,000 after purchasing an additional 2,682 shares during the period. Finally, State of Tennessee Department of Treasury bought a new position in shares of Karooooo during the second quarter worth approximately $214,000.

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.