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 dated Tuesday, August 18th. The stock was sold at an average price of $63.04, for a total transaction of $40,976.00. Following the completion of the sale, the chief executive officer directly owned 17,648,095 shares of the company’s stock, valued at approximately $1,112,535,908.80. This trade represents 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 stock was 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 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 shares were 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.

Karooooo Stock Up 2.0%

NASDAQ KARO traded up $1.21 during trading on Thursday, hitting $62.60. The company’s stock had a trading volume of 45,911 shares, compared to its average volume of 82,600. 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 cap of $1.93 billion, a PE ratio of 31.78 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. The business’s 50 day simple moving average is $57.56 and its 200-day simple moving average is $51.57.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings data on Thursday, July 16th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The firm had revenue of $96.26 million during the quarter. Karooooo had a net margin of 17.74% and a return on equity of 32.03%. On average, equities analysts anticipate that Karooooo Ltd. will post 2.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KARO has been the topic of a number of research analyst reports. 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 issued a $74.00 target price on shares of Karooooo in a research note on Friday, July 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Karooooo in a research report on Friday, April 24th. Wall Street Zen raised Karooooo from a “hold” rating to a “buy” rating in a report on Monday. Finally, Freedom Capital lowered Karooooo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $73.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KARO. Lazard Asset Management LLC acquired a new position in Karooooo during the first quarter valued at $1,015,000. Aurora Investment Counsel acquired a new position in shares of Karooooo in the 4th quarter valued at about $1,651,000. Bullseye Asset Management LLC lifted its holdings in shares of Karooooo by 101.7% in the 4th quarter. Bullseye Asset Management LLC now owns 32,129 shares of the company’s stock valued at $1,461,000 after buying an additional 16,200 shares during the period. Schwartz Investment Counsel Inc. boosted its stake in shares of Karooooo by 22.9% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 78,365 shares of the company’s stock worth $3,566,000 after buying an additional 14,600 shares during the last quarter. Finally, Capricorn Fund Managers Ltd boosted its stake in shares of Karooooo by 16.9% in the first quarter. Capricorn Fund Managers Ltd now owns 278,346 shares of the company’s stock worth $13,873,000 after buying an additional 40,268 shares during the last quarter.

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.