Karooooo Ltd. (NASDAQ:KARO – Get Free Report) CEO Isaias Jose Calisto sold 18,849 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $63.29, for a total value of $1,192,953.21. Following the completion of the sale, the chief executive officer directly owned 17,695,337 shares of the company’s stock, valued at approximately $1,119,937,878.73. This trade represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
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 value of $801,486.40.
- On Wednesday, August 5th, Isaias Jose Calisto sold 33,833 shares of Karooooo stock. The shares were 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 stock was 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 stock was 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 value of $2,055,123.71.
- On Tuesday, July 28th, Isaias Jose Calisto sold 22,036 shares of Karooooo stock. The shares were sold at an average price of $64.19, for a total value of $1,414,490.84.
- On Monday, July 27th, Isaias Jose Calisto sold 25,913 shares of Karooooo stock. The stock was sold at an average price of $63.44, for a total transaction of $1,643,920.72.
Karooooo Stock Performance
KARO stock opened at $62.60 on Wednesday. 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 stock has a market cap of $1.93 billion, a P/E ratio of 31.78 and a beta of 0.85. The firm has a 50 day simple moving average of $55.66 and a 200 day simple moving average of $51.01. Karooooo Ltd. has a 52 week low of $41.25 and a 52 week high of $67.14.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on KARO. Zacks Research cut shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Raymond James Financial increased 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. Freedom Capital cut Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Karooooo in a research note on Friday, April 24th. Finally, Wall Street Zen lowered Karooooo from a “buy” rating to a “hold” rating in a research report on Sunday. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.50.
Read Our Latest Stock Report on Karooooo
Institutional Trading of Karooooo
Large investors have recently added to or reduced their stakes in the business. Capricorn Fund Managers Ltd increased its stake in shares of Karooooo by 16.9% during the 1st quarter. Capricorn Fund Managers Ltd now owns 278,346 shares of the company’s stock worth $13,873,000 after purchasing an additional 40,268 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its stake in shares of Karooooo by 22.9% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 78,365 shares of the company’s stock valued at $3,566,000 after purchasing an additional 14,600 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Karooooo by 115.4% in the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock worth $4,234,000 after purchasing an additional 39,709 shares in the last quarter. Marshall Wace LLP boosted its holdings in Karooooo by 699.1% in the second 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 in the last quarter. Finally, First Trust Advisors LP increased its position in Karooooo by 43.1% during the fourth quarter. First Trust Advisors LP now owns 46,767 shares of the company’s stock worth $2,128,000 after buying an additional 14,078 shares during the last quarter.
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.
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