Isaias Jose Calisto Sells 978 Shares of Karooooo (NASDAQ:KARO) Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 978 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $63.30, for a total value of $61,907.40. Following the sale, the chief executive officer directly owned 17,648,745 shares in the company, valued at $1,117,165,558.50. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 value of $523,581.30.
• On Wednesday, August 12th, Isaias Jose Calisto sold 2,158 shares of Karooooo stock. The stock was sold at an average price of $63.05, for a total transaction 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 transaction 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 transaction 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 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 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 transaction of $1,645,471.80.

Karooooo Stock Down 2.2%

KARO stock opened at $61.39 on Thursday. The firm has a market capitalization of $1.90 billion, a PE ratio of 31.16 and a beta of 0.85. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Karooooo Ltd. has a twelve month low of $41.25 and a twelve month high of $67.14. The stock’s 50 day moving average is $57.56 and its 200-day moving average is $51.57.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings data on Thursday, July 16th. The company reported $0.59 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $96.26 million during the quarter. Sell-side analysts expect that Karooooo Ltd. will post 2.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Karooooo

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC purchased a new position in Karooooo during the first quarter valued at $1,015,000. Aurora Investment Counsel bought a new stake in Karooooo in the fourth quarter worth $1,651,000. Bullseye Asset Management LLC grew its stake in shares of Karooooo by 101.7% in the fourth quarter. Bullseye Asset Management LLC now owns 32,129 shares of the company’s stock worth $1,461,000 after acquiring an additional 16,200 shares during the last quarter. Schwartz Investment Counsel Inc. increased 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 valued at $3,566,000 after acquiring an additional 14,600 shares in the last quarter. Finally, Capricorn Fund Managers Ltd increased its holdings in shares of Karooooo by 16.9% during the first quarter. Capricorn Fund Managers Ltd now owns 278,346 shares of the company’s stock valued at $13,873,000 after acquiring an additional 40,268 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KARO shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Karooooo in a report on Friday, April 24th. Wall Street Zen upgraded shares of Karooooo from a “hold” rating to a “buy” rating in a research report on Monday. UBS Group reissued a “buy” rating and issued a $75.00 target price on shares of Karooooo in a research note on Thursday, July 16th. Needham & Company LLC raised 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. Finally, Zacks Research lowered Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $73.50.

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.