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

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 1,193 shares of the stock in a transaction that occurred on 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 approximately $1,114,048,923.26. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 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.
• 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 stock was 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 stock was sold at an average price of $64.60, for a total value of $1,653,372.40.

Karooooo Stock Performance

KARO opened at $63.96 on Friday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 32.47 and a beta of 0.85. The business’s 50-day moving average price is $58.24 and its two-hundred day moving average price is $51.74. Karooooo Ltd. has a 1 year low of $41.25 and a 1 year high of $67.14. 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 (NASDAQ:KARO) last posted its quarterly earnings data on Thursday, July 16th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. The company had revenue of $96.26 million during the quarter. Karooooo had a return on equity of 32.03% and a net margin of 17.74%. Equities analysts expect that Karooooo Ltd. will post 2.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KARO shares. Roth Capital reaffirmed a “buy” rating and set a $74.00 price target on shares of Karooooo in a research report on Friday, July 17th. Wall Street Zen upgraded shares of Karooooo from a “hold” rating to a “buy” rating in a report on Monday, August 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of Karooooo in a research report on Friday, April 24th. Zacks Research cut shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, Raymond James Financial raised their target price on shares of Karooooo from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KARO. Marshall Wace LLP increased its position in shares of Karooooo by 699.1% during the 2nd quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock worth $2,723,000 after purchasing an additional 48,644 shares during the last quarter. Capricorn Fund Managers Ltd boosted its holdings 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 buying an additional 40,268 shares during the last quarter. Two Sigma Investments LP boosted its holdings 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 buying an additional 39,709 shares during the last quarter. Aurora Investment Counsel bought a new position in shares of Karooooo in the fourth quarter valued at $1,651,000. Finally, Russell Investments Group Ltd. acquired a new position in Karooooo during the second quarter worth $1,378,000.

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.