Karooooo (NASDAQ:KARO) CEO Sells $40,976.00 in Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 650 shares of Karooooo stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $63.04, for a total value of $40,976.00. Following the completion of the sale, the chief executive officer directly owned 17,648,095 shares in the company, valued at $1,112,535,908.80. This represents a 0.00% decrease in their position. The sale was disclosed in a 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 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 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 value 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 value 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 value 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 value 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 value 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 value 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 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 transaction of $1,653,372.40.

Karooooo Stock Performance

NASDAQ:KARO opened at $63.96 on Friday. The firm’s fifty day simple moving average is $58.24 and its 200-day simple moving average is $51.74. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.98 billion, a PE ratio of 32.47 and a beta of 0.85. Karooooo Ltd. has a fifty-two week low of $41.25 and a fifty-two week high of $67.14.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings data on Thursday, July 16th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The firm 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 expect that Karooooo Ltd. will post 2.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Karooooo

Several hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP lifted its holdings in shares of Karooooo by 699.1% in the second quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock valued at $2,723,000 after purchasing an additional 48,644 shares in the last quarter. Capricorn Fund Managers Ltd grew its position in shares of Karooooo by 16.9% in the first quarter. Capricorn Fund Managers Ltd now owns 278,346 shares of the company’s stock valued at $13,873,000 after purchasing an additional 40,268 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Karooooo by 115.4% in the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock valued at $4,234,000 after purchasing an additional 39,709 shares during the last quarter. Aurora Investment Counsel purchased a new position in shares of Karooooo during the 4th quarter worth approximately $1,651,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Karooooo during the 2nd quarter worth approximately $1,378,000.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KARO. Needham & Company LLC lifted their price target on shares of Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Freedom Capital cut Karooooo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. UBS Group reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Karooooo in a research note on Thursday, July 16th. Raymond James Financial lifted their price objective on Karooooo from $60.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Finally, Zacks Research downgraded Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Five research 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, the company presently has a consensus rating of “Moderate Buy” and an average 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.