Isaias Jose Calisto Sells 12,430 Shares of Karooooo (NASDAQ:KARO) Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 12,430 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $64.48, for a total value of $801,486.40. Following the completion of the transaction, the chief executive officer directly owned 17,682,907 shares in the company, valued at approximately $1,140,193,843.36. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 value of $1,192,953.21.
• 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 value 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 shares were 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 stock was sold at an average price of $64.43, for a total transaction of $2,055,123.71.
• On Tuesday, July 28th, Isaias Jose Calisto sold 22,036 shares of Karooooo stock. The stock was sold at an average price of $64.19, for a total transaction of $1,414,490.84.
• On Monday, July 27th, Isaias Jose Calisto sold 25,913 shares of Karooooo stock. The shares were sold at an average price of $63.44, for a total transaction of $1,643,920.72.

Karooooo Stock Performance

Shares of NASDAQ:KARO opened at $62.60 on Wednesday. The company’s 50 day moving average price is $55.66 and its two-hundred day moving average price is $51.01. Karooooo Ltd. has a 12-month low of $41.25 and a 12-month high of $67.14. The firm has a market cap of $1.93 billion, a PE ratio of 31.78 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 Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in Karooooo by 9.5% during the first quarter. Bank of America Corp DE now owns 8,798 shares of the company’s stock valued at $438,000 after purchasing an additional 764 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Karooooo in the 1st quarter valued at $1,015,000. Renaissance Technologies LLC increased its stake in shares of Karooooo by 1.4% in the 1st quarter. Renaissance Technologies LLC now owns 27,987 shares of the company’s stock valued at $1,395,000 after purchasing an additional 400 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Karooooo by 35.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 19,259 shares of the company’s stock valued at $960,000 after purchasing an additional 4,999 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Karooooo during the 1st quarter worth $296,000.

Analyst Ratings Changes

Several brokerages have weighed in on KARO. Needham & Company LLC lifted their price objective on Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Karooooo in a report on Friday, April 24th. Freedom Capital cut Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Wall Street Zen cut Karooooo from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Raymond James Financial boosted their price target on Karooooo from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently 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.