Karooooo (NASDAQ:KARO) CEO Sells $1,192,953.21 in Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 18,849 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $63.29, for a total transaction of $1,192,953.21. Following the completion of the transaction, the chief executive officer owned 17,695,337 shares in the company, valued at approximately $1,119,937,878.73. The trade was a 0.11% 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 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 transaction 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 stock was sold at an average price of $64.48, for a total transaction of $801,486.40.
• 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.
• 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 transaction of $1,653,372.40.
• On Monday, August 3rd, Isaias Jose Calisto sold 20,417 shares of Karooooo stock. The shares were 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 stock was sold at an average price of $63.47, for a total transaction of $1,182,446.10.
• On Wednesday, July 29th, Isaias Jose Calisto sold 31,897 shares of Karooooo stock. The shares were sold at an average price of $64.43, for a total value of $2,055,123.71.
• On Tuesday, July 28th, Isaias Jose Calisto sold 22,036 shares of Karooooo stock. The shares were sold at an average price of $64.19, for a total value of $1,414,490.84.

Karooooo Stock Up 0.3%

Karooooo stock opened at $62.79 on Thursday. Karooooo Ltd. has a 12 month low of $41.25 and a 12 month high of $67.14. The stock has a fifty day simple moving average of $55.97 and a two-hundred day simple moving average of $51.13. 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 firm has a market cap of $1.94 billion, a price-to-earnings ratio of 31.87 and a beta of 0.85.

Karooooo (NASDAQ:KARO) last released 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. Karooooo had a return on equity of 32.03% and a net margin of 17.74%.The company had revenue of $96.26 million for the quarter. Equities analysts predict that Karooooo Ltd. will post 2.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Karooooo from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Karooooo in a research note on Friday, April 24th. Zacks Research lowered Karooooo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Raymond James Financial upped 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. Finally, Needham & Company LLC raised their target price on Karooooo from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.50.

Institutional Investors Weigh In On Karooooo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fideuram Asset Management Ireland dac purchased a new position in Karooooo during the fourth quarter valued at $80,000. Royal Bank of Canada raised its stake in shares of Karooooo by 852.9% in the fourth quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock worth $135,000 after buying an additional 2,644 shares during the period. Quantbot Technologies LP purchased a new position in shares of Karooooo during the 2nd quarter valued at about $156,000. New York State Common Retirement Fund lifted its position in shares of Karooooo by 465.6% during the 2nd quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock valued at $160,000 after buying an additional 2,682 shares in the last quarter. Finally, State of Tennessee Department of Treasury bought a new position in shares of Karooooo during the 2nd quarter valued at approximately $214,000.

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.