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 company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $63.01, for a total value of $15,248.42. Following the transaction, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 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 stock was 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 transaction 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 transaction of $1,414,490.84.

Karooooo Stock Up 0.3%

Shares of KARO opened at $62.79 on Thursday. The company’s 50-day simple moving average is $55.97 and its 200-day simple moving average is $51.13. 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 1 year low of $41.25 and a 1 year high of $67.14. The stock has a market capitalization of $1.94 billion, a PE ratio of 31.87 and a beta of 0.85.

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

Hedge Funds Weigh In On Karooooo

A number of institutional investors and hedge funds have recently modified their holdings of KARO. Bank of America Corp DE raised its stake in Karooooo by 9.5% in the first quarter. Bank of America Corp DE now owns 8,798 shares of the company’s stock valued at $438,000 after buying an additional 764 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Karooooo during the 1st quarter worth about $1,015,000. Renaissance Technologies LLC boosted its position in shares of Karooooo by 1.4% during the 1st quarter. Renaissance Technologies LLC now owns 27,987 shares of the company’s stock worth $1,395,000 after acquiring an additional 400 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Karooooo by 35.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 19,259 shares of the company’s stock valued at $960,000 after acquiring an additional 4,999 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Karooooo in the 1st quarter valued at about $296,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KARO. Freedom Capital lowered Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Karooooo in a report on Friday, April 24th. Wall Street Zen cut Karooooo from a “buy” rating to a “hold” rating in a research note on Sunday. UBS Group restated a “buy” rating and set a $75.00 price target on shares of Karooooo in a report on Thursday, July 16th. Finally, Roth Capital restated a “buy” rating and set a $74.00 target price on shares of Karooooo in a research note on Friday, July 17th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Karooooo has a consensus rating of “Moderate Buy” and a consensus target price 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.