Isaias Jose Calisto Sells 650 Shares of Karooooo (NASDAQ:KARO) Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 650 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $63.04, for a total value of $40,976.00. Following the completion of the transaction, the chief executive officer owned 17,648,095 shares of the company’s stock, valued at $1,112,535,908.80. The trade was a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 transaction of $75,314.09.
• On Friday, August 14th, Isaias Jose Calisto sold 978 shares of Karooooo stock. The shares were sold at an average price of $63.30, for a total transaction 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 stock was 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 shares were sold at an average price of $63.01, for a total value 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 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 value 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 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.

Karooooo Price Performance

Shares of KARO stock traded up $1.21 on Thursday, reaching $62.60. The company’s stock had a trading volume of 45,911 shares, compared to its average volume of 82,600. The stock’s fifty day simple moving average is $57.56 and its 200-day simple moving average is $51.57. 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 $1.93 billion, a price-to-earnings ratio of 31.78 and a beta of 0.85. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15.

Karooooo (NASDAQ:KARO) last released its quarterly earnings results 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 net margin of 17.74% and a return on equity of 32.03%. The company had revenue of $96.26 million for the quarter. Analysts forecast that Karooooo Ltd. will post 2.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KARO. Needham & Company LLC upped their price objective on Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. UBS Group restated a “buy” rating and issued a $75.00 price target on shares of Karooooo in a research report on Thursday, July 16th. Wall Street Zen raised shares of Karooooo from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Research cut shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Freedom Capital lowered shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research 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. Based on data from MarketBeat, Karooooo currently has a consensus rating of “Moderate Buy” and an average target price of $73.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in Karooooo during the 2nd quarter valued at about $54,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Karooooo during the fourth quarter valued at approximately $80,000. Royal Bank of Canada raised its stake in shares of Karooooo by 852.9% during the fourth quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock valued at $135,000 after acquiring an additional 2,644 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Karooooo in the second quarter valued at approximately $156,000. Finally, New York State Common Retirement Fund increased its holdings in Karooooo by 465.6% during the 2nd quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock worth $160,000 after purchasing an additional 2,682 shares during the period.

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.