Isaias Jose Calisto Sells 336 Shares of Karooooo (NASDAQ:KARO) Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 336 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $64.15, for a total value of $21,554.40. Following the completion of the transaction, the chief executive officer directly owned 17,631,049 shares in the company, valued at approximately $1,131,031,793.35. This trade represents a 0.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Isaias Jose Calisto also recently made the following trade(s):

• On Wednesday, August 26th, Isaias Jose Calisto sold 23 shares of Karooooo stock. The stock was sold at an average price of $64.00, for a total value of $1,472.00.
• On Friday, August 21st, Isaias Jose Calisto sold 6,202 shares of Karooooo stock. The shares were sold at an average price of $63.50, for a total value of $393,827.00.
• On Wednesday, August 19th, Isaias Jose Calisto sold 1,193 shares of Karooooo stock. The stock was 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 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 shares were 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 stock was sold at an average price of $64.48, for a total transaction of $801,486.40.

Karooooo Stock Up 0.2%

Shares of Karooooo stock opened at $67.20 on Friday. 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 stock has a market cap of $2.08 billion, a price-to-earnings ratio of 34.11 and a beta of 0.85. The firm’s 50-day moving average is $60.04 and its two-hundred day moving average is $52.31. Karooooo Ltd. has a 1 year low of $41.25 and a 1 year high of $68.80.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KARO shares. Wall Street Zen upgraded Karooooo from a “hold” rating to a “buy” rating in a report on Monday, August 17th. Needham & Company LLC lifted their price target on Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. UBS Group reissued a “buy” rating and issued a $75.00 price target on shares of Karooooo in a research report on Thursday, July 16th. Zacks Research cut Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Raymond James Financial raised their price objective on Karooooo from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new stake in Karooooo in the second quarter worth about $54,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Karooooo during the fourth quarter valued at about $80,000. Royal Bank of Canada raised its position 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 purchasing an additional 2,644 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Karooooo in the 2nd quarter valued at approximately $156,000. Finally, 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 in 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.