Isaias Jose Calisto Sells 6,202 Shares of Karooooo (NASDAQ:KARO) Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 6,202 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $63.50, for a total transaction of $393,827.00. Following the sale, the chief executive officer directly owned 17,640,700 shares in the company, valued at $1,120,184,450. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 stock was sold at an average price of $63.58, for a total transaction 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 shares were 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 stock was 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 stock was 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.

Karooooo Price Performance

Shares of KARO opened at $63.93 on Wednesday. Karooooo Ltd. has a 1 year low of $41.25 and a 1 year high of $67.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 32.45 and a beta of 0.85. The business has a 50-day moving average of $58.88 and a 200-day moving average of $51.97.

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

Institutional Investors Weigh In On Karooooo

Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in Karooooo by 56.6% during the 2nd quarter. Geode Capital Management LLC now owns 29,892 shares of the company’s stock valued at $1,464,000 after acquiring an additional 10,799 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Karooooo by 216.0% in the 2nd 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 in the second quarter valued at about $1,378,000. New York State Common Retirement Fund raised 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 valued at $160,000 after purchasing an additional 2,682 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Karooooo during the second quarter valued at about $156,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KARO shares. Needham & Company LLC upped their price target on shares of Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Zacks Research downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Karooooo from a “hold” rating to a “buy” rating in a research note on Monday, August 17th. Raymond James Financial lifted their price objective on shares of Karooooo from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Finally, Freedom Capital downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.50.

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.