Karooooo (NASDAQ:KARO) CEO Sells $393,827.00 in Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 6,202 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $63.50, for a total value of $393,827.00. Following the sale, the chief executive officer directly owned 17,640,700 shares in the company, valued at $1,120,184,450. The trade was a 0.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $63.04, for a total value of $40,976.00.
• On Friday, August 14th, Isaias Jose Calisto sold 978 shares of Karooooo stock. The stock was sold at an average price of $63.30, for a total value of $61,907.40.
• 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 value 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 value 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 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 shares were 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.

Karooooo Price Performance

KARO stock opened at $64.28 on Thursday. Karooooo Ltd. has a 12 month low of $41.25 and a 12 month high of $67.14. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $59.24 and a 200 day moving average price of $52.09. The stock has a market cap of $1.99 billion, a PE ratio of 32.63 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 analysts’ consensus estimates of $0.51 by $0.08. The company had revenue of $96.26 million for the quarter. Karooooo had a net margin of 17.74% and a return on equity of 32.03%. Equities research analysts anticipate that Karooooo Ltd. will post 2.41 earnings per share for the current year.

Institutional Trading of Karooooo

A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Karooooo by 56.6% in the second quarter. Geode Capital Management LLC now owns 29,892 shares of the company’s stock worth $1,464,000 after purchasing an additional 10,799 shares in the last quarter. JPMorgan Chase & Co. raised its position in Karooooo by 216.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,089 shares of the company’s stock valued at $396,000 after purchasing an additional 5,529 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Karooooo in the 2nd quarter worth $1,378,000. New York State Common Retirement Fund lifted its holdings in shares of Karooooo by 465.6% in the 2nd quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock worth $160,000 after buying an additional 2,682 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Karooooo during the 2nd quarter worth $156,000.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Raymond James Financial raised their price target on Karooooo from $60.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Roth Capital reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Karooooo in a research report on Friday, July 17th. Freedom Capital lowered Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Wall Street Zen upgraded Karooooo from a “hold” rating to a “buy” rating in a research report on Monday, August 17th. Finally, Zacks Research lowered shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.