Karooooo (NASDAQ:KARO) CEO Isaias Jose Calisto Sells 1,193 Shares

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 1,193 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $63.13, for a total value of $75,314.09. Following the sale, the chief executive officer directly owned 17,646,902 shares of the company’s stock, valued at $1,114,048,923.26. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, August 18th, Isaias Jose Calisto sold 650 shares of Karooooo stock. The shares were sold at an average price of $63.04, for a total transaction 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 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 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 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.
• 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 transaction 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 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 value of $1,653,372.40.

Karooooo Trading Up 2.0%

NASDAQ:KARO traded up $1.21 during trading hours on Thursday, reaching $62.60. 45,911 shares of the stock were exchanged, compared to its average volume of 82,600. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average of $57.56 and a two-hundred day moving average of $51.57. Karooooo Ltd. has a twelve month low of $41.25 and a twelve month 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.

Karooooo (NASDAQ:KARO) last released its quarterly earnings results on Thursday, July 16th. The company reported $0.59 EPS for the quarter, topping 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 business had revenue of $96.26 million during the quarter. On average, equities analysts predict that Karooooo Ltd. will post 2.41 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group reaffirmed a “buy” rating and issued a $75.00 target price on shares of Karooooo in a research report on Thursday, July 16th. Roth Capital reissued a “buy” rating and issued a $74.00 price objective on shares of Karooooo in a research note on Friday, July 17th. Zacks Research cut shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Raymond James Financial upped their target price on shares of Karooooo from $60.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Finally, Freedom Capital lowered shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.50.

Institutional Trading of Karooooo

A number of large investors have recently made changes to their positions in KARO. Marshall Wace LLP lifted its stake in Karooooo by 699.1% in the second quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock worth $2,723,000 after acquiring an additional 48,644 shares during the last quarter. Capricorn Fund Managers Ltd increased its position in shares of Karooooo by 16.9% in the 1st quarter. Capricorn Fund Managers Ltd now owns 278,346 shares of the company’s stock valued at $13,873,000 after purchasing an additional 40,268 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Karooooo by 115.4% in the 3rd quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock valued at $4,234,000 after purchasing an additional 39,709 shares during the last quarter. Aurora Investment Counsel acquired a new stake in shares of Karooooo in the 4th quarter valued at $1,651,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Karooooo in the 2nd quarter valued at $1,378,000.

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.