Karooooo (NASDAQ:KARO) CEO Sells $61,907.40 in Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 978 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $63.30, for a total value of $61,907.40. Following the completion of the sale, the chief executive officer owned 17,648,745 shares of the company’s stock, valued at $1,117,165,558.50. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a 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 value of $75,314.09.
• On Tuesday, August 18th, Isaias Jose Calisto sold 650 shares of Karooooo stock. The stock was sold at an average price of $63.04, for a total value of $40,976.00.
• On Thursday, August 13th, Isaias Jose Calisto sold 8,235 shares of Karooooo stock. The shares were 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 transaction of $136,061.90.
• On Monday, August 10th, Isaias Jose Calisto sold 22,549 shares of Karooooo stock. The stock was 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 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 transaction 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 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 stock was sold at an average price of $64.60, for a total value of $1,653,372.40.

Karooooo Stock Performance

KARO opened at $62.87 on Friday. The business’s 50-day moving average price is $57.90 and its two-hundred day moving average price is $51.66. 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 $1.94 billion, a price-to-earnings ratio of 31.91 and a beta of 0.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Karooooo during the 2nd quarter worth approximately $54,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Karooooo in the 4th quarter valued at approximately $80,000. Royal Bank of Canada boosted its holdings in shares of Karooooo by 852.9% in the 4th quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock valued at $135,000 after buying an additional 2,644 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Karooooo in the 2nd quarter valued at approximately $156,000. Finally, New York State Common Retirement Fund grew its stake 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 buying an additional 2,682 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently weighed in on KARO. Zacks Research cut shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of Karooooo from a “hold” rating to a “buy” rating in a research report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Karooooo in a report on Friday, April 24th. Needham & Company LLC raised their target price 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. 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.