Insider Selling: Karooooo (NASDAQ:KARO) CEO Sells $15,248.42 in Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 242 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $63.01, for a total transaction of $15,248.42. Following the completion of the transaction, the chief executive officer directly owned 17,660,116 shares in the company, valued at $1,112,763,909.16. This trade represents a 0.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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.
• 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 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 value 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 value 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 value of $1,645,471.80.
• On Thursday, July 30th, Isaias Jose Calisto sold 18,630 shares of Karooooo stock. The shares were sold at an average price of $63.47, for a total value 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 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 Down 1.0%

Shares of NASDAQ:KARO opened at $62.60 on Wednesday. The company has a 50 day moving average price of $55.66 and a two-hundred day moving average price of $51.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02. The company has a market capitalization of $1.93 billion, a PE ratio of 31.78 and a beta of 0.85. Karooooo Ltd. has a 52 week low of $41.25 and a 52 week high of $67.14.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings results on Thursday, July 16th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Analysts forecast that Karooooo Ltd. will post 2.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Zacks Research lowered Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Karooooo in a report on Friday, April 24th. UBS Group reaffirmed a “buy” rating and issued a $75.00 price target on shares of Karooooo in a research note on Thursday, July 16th. Freedom Capital downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Finally, Wall Street Zen lowered shares of Karooooo from a “buy” rating to a “hold” rating in a report on Sunday. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Fideuram Asset Management Ireland dac bought a new stake in Karooooo in the 4th quarter valued at approximately $80,000. Royal Bank of Canada grew its stake in shares of 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 in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Karooooo in the second quarter valued at approximately $156,000. New York State Common Retirement Fund raised its holdings in shares of Karooooo by 465.6% in the second quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock valued at $160,000 after purchasing an additional 2,682 shares during the last quarter. Finally, State of Tennessee Department of Treasury bought a new stake in shares of Karooooo in the second quarter worth $214,000.

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.