Karooooo (NASDAQ:KARO) CEO Isaias Jose Calisto Sells 2,158 Shares

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 2,158 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $63.05, for a total transaction of $136,061.90. Following the completion of the transaction, the chief executive officer directly owned 17,657,958 shares in the company, valued at $1,113,334,251.90. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction of $523,581.30.
• 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 transaction of $1,426,224.25.
• On Tuesday, August 11th, Isaias Jose Calisto sold 242 shares of Karooooo stock. The shares were 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 transaction 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.
• 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 value 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 stock was 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 stock was sold at an average price of $63.47, for a total value of $1,182,446.10.

Karooooo Stock Performance

KARO opened at $62.28 on Friday. 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 business has a fifty day simple moving average of $56.60 and a 200 day simple moving average of $51.31. Karooooo Ltd. has a 1 year low of $41.25 and a 1 year high of $67.14. The company has a market capitalization of $1.92 billion, a PE ratio of 31.61 and a beta of 0.85.

Karooooo (NASDAQ:KARO) last posted 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 return on equity of 32.03% and a net margin of 17.74%.The firm had revenue of $96.26 million for the quarter. Research analysts expect that Karooooo Ltd. will post 2.41 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KARO. Bank of America Corp DE raised its position in Karooooo by 9.5% during the first quarter. Bank of America Corp DE now owns 8,798 shares of the company’s stock valued at $438,000 after purchasing an additional 764 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Karooooo in the 1st quarter valued at $1,015,000. Renaissance Technologies LLC increased its stake in shares of Karooooo by 1.4% in the 1st quarter. Renaissance Technologies LLC now owns 27,987 shares of the company’s stock valued at $1,395,000 after purchasing an additional 400 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake 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 purchasing an additional 4,999 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Karooooo in the 1st quarter valued at $296,000.

Analyst Ratings Changes

KARO has been the topic of a number of recent research reports. Zacks Research lowered shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Raymond James Financial boosted 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. Roth Capital restated a “buy” rating and set a $74.00 target price on shares of Karooooo in a research report on Friday, July 17th. UBS Group reaffirmed a “buy” rating and set a $75.00 target price on shares of Karooooo in a report on Thursday, July 16th. Finally, Needham & Company LLC lifted 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. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.