Karooooo (NASDAQ:KARO) CEO Isaias Jose Calisto Sells 22,549 Shares of Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 22,549 shares of Karooooo stock in a transaction on Monday, August 10th. The stock was sold at an average price of $63.25, for a total value of $1,426,224.25. Following the sale, the chief executive officer owned 17,660,358 shares of the company’s stock, valued at approximately $1,117,017,643.50. This trade represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction 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 transaction 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 shares were sold at an average price of $64.51, for a total transaction 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.
• 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 transaction 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 Performance

Karooooo stock opened at $62.79 on Thursday. The company has a 50 day moving average price of $55.97 and a 200-day moving average price of $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 fifty-two week low of $41.25 and a fifty-two week high of $67.14. The company has a market capitalization of $1.94 billion, a PE ratio of 31.87 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, 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 business had revenue of $96.26 million during the quarter. As a group, equities analysts forecast that Karooooo Ltd. will post 2.41 earnings per share for the current year.

Institutional Trading of Karooooo

Several hedge funds have recently modified their holdings of KARO. Lazard Asset Management LLC acquired a new stake in Karooooo in the first quarter valued at approximately $1,015,000. Tudor Investment Corp ET AL grew its stake in Karooooo by 238.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 17,917 shares of the company’s stock valued at $1,023,000 after purchasing an additional 12,621 shares during the last quarter. Aurora Investment Counsel acquired a new position in Karooooo in the 4th quarter worth approximately $1,651,000. Bullseye Asset Management LLC increased 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 period. Finally, Schwartz Investment Counsel Inc. grew its position in Karooooo by 22.9% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 78,365 shares of the company’s stock worth $3,566,000 after purchasing an additional 14,600 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Zacks Research downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Karooooo in a research note on Friday, April 24th. Wall Street Zen lowered shares of Karooooo from a “buy” rating to a “hold” rating in a report on Sunday. UBS Group reissued a “buy” rating and set a $75.00 price objective on shares of Karooooo in a report on Thursday, July 16th. Finally, Raymond James Financial upped their target price on Karooooo from $60.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.