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

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 336 shares of Karooooo 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 sale, the chief executive officer directly owned 17,631,049 shares of the company’s stock, valued at approximately $1,131,031,793.35. The trade was a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, August 26th, Isaias Jose Calisto sold 23 shares of Karooooo stock. The shares were 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 shares were 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 stock was 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 stock was 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 shares were sold at an average price of $64.48, for a total transaction of $801,486.40.

Karooooo Stock Performance

Shares of NASDAQ:KARO opened at $67.09 on Friday. Karooooo Ltd. has a 12-month low of $41.25 and a 12-month high of $67.65. The company’s 50 day moving average price is $59.63 and its two-hundred day moving average price is $52.21. The firm has a market cap of $2.07 billion, a PE ratio of 34.06 and a beta of 0.85. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

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

Institutional Trading of Karooooo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in shares of Karooooo in the 2nd quarter valued at $54,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Karooooo during the 4th quarter valued at $80,000. Royal Bank of Canada grew its position in Karooooo by 852.9% during the 4th quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock worth $135,000 after acquiring an additional 2,644 shares during the last quarter. Quantbot Technologies LP bought a new stake in Karooooo during the 2nd quarter worth $156,000. Finally, New York State Common Retirement Fund increased its holdings 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.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen upgraded Karooooo from a “hold” rating to a “buy” rating in a research report on Monday, August 17th. Roth Capital reiterated a “buy” rating and set 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 research report on Wednesday, August 5th. Freedom Capital downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Finally, Needham & Company LLC lifted their price objective on shares of Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.50.

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.