Karooooo (NASDAQ:KARO) CEO Isaias Jose Calisto Sells 6,202 Shares

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 6,202 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $63.50, for a total value of $393,827.00. Following the sale, the chief executive officer directly owned 17,640,700 shares in the company, valued at approximately $1,120,184,450. This trade represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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 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 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 shares were 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 shares were 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.

Karooooo Stock Up 0.5%

Shares of KARO opened at $64.28 on Tuesday. The firm has a 50 day simple moving average of $58.54 and a two-hundred day simple moving average of $51.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01. Karooooo Ltd. has a one year low of $41.25 and a one year high of $67.14. The company has a market cap of $1.99 billion, a P/E ratio of 32.63 and a beta of 0.85.

Karooooo (NASDAQ:KARO) last issued its earnings results on Thursday, July 16th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. Karooooo had a return on equity of 32.03% and a net margin of 17.74%.The firm had revenue of $96.26 million for the quarter. Research analysts forecast that Karooooo Ltd. will post 2.41 EPS for the current fiscal year.

Institutional Trading of Karooooo

A number of hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Karooooo by 56.6% during the second quarter. Geode Capital Management LLC now owns 29,892 shares of the company’s stock worth $1,464,000 after purchasing an additional 10,799 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Karooooo by 216.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,089 shares of the company’s stock valued at $396,000 after buying an additional 5,529 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Karooooo during the 2nd quarter worth approximately $1,378,000. New York State Common Retirement Fund boosted its position in Karooooo by 465.6% during the 2nd quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock worth $160,000 after buying an additional 2,682 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Karooooo during the 2nd quarter worth approximately $156,000.

Analysts Set New Price Targets

Several brokerages have commented on KARO. Freedom Capital downgraded Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Wall Street Zen upgraded shares of Karooooo from a “hold” rating to a “buy” rating in a research note on Monday, August 17th. Raymond James Financial lifted their price target 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 reiterated a “buy” rating and set a $74.00 price objective on shares of Karooooo in a research report on Friday, July 17th. Finally, Zacks Research downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.50.

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.