Karooooo (NASDAQ:KARO) CEO Isaias Jose Calisto Sells 8,235 Shares of Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 8,235 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $63.58, for a total transaction of $523,581.30. Following the sale, the chief executive officer directly owned 17,649,723 shares in the company, valued at $1,122,169,388.34. The trade was a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 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 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 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 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.
• On Monday, August 3rd, Isaias Jose Calisto sold 20,417 shares of Karooooo stock. The stock was 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 stock was 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 shares were sold at an average price of $63.47, for a total transaction of $1,182,446.10.

Karooooo Trading Down 2.5%

Shares of KARO stock opened at $62.28 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 31.61 and a beta of 0.85. Karooooo Ltd. has a 52-week low of $41.25 and a 52-week high of $67.14. The company has a 50-day simple moving average of $56.60 and a two-hundred day simple moving average of $51.31.

Karooooo (NASDAQ:KARO) last announced its earnings results 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 firm 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%. Research analysts anticipate that Karooooo Ltd. will post 2.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KARO has been the subject of a number of recent research reports. Wall Street Zen downgraded Karooooo from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Freedom Capital downgraded Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of Karooooo in a report on Friday, April 24th. Roth Capital restated a “buy” rating and issued a $74.00 price objective on shares of Karooooo in a research note on Friday, July 17th. Finally, UBS Group reaffirmed a “buy” rating and set a $75.00 price objective on shares of Karooooo in a report on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $73.50.

Institutional Investors Weigh In On Karooooo

Institutional investors have recently made changes to their positions in the stock. Fideuram Asset Management Ireland dac bought a new position in shares of Karooooo in the fourth quarter worth $80,000. Royal Bank of Canada raised its stake in shares of Karooooo by 852.9% during the 4th quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock valued at $135,000 after purchasing an additional 2,644 shares during the period. Quantbot Technologies LP purchased a new stake in Karooooo during the 2nd quarter worth about $156,000. New York State Common Retirement Fund boosted its stake in 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 purchasing an additional 2,682 shares during the period. Finally, State of Tennessee Department of Treasury purchased a new position in Karooooo during the 2nd quarter valued at about $214,000.

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.