Karooooo Ltd. (NASDAQ:KARO – Get Free Report) CEO Isaias Jose Calisto sold 2,158 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $63.05, for a total value of $136,061.90. Following the completion of the transaction, the chief executive officer owned 17,657,958 shares of the company’s stock, valued at approximately $1,113,334,251.90. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Isaias Jose Calisto also recently made the following trade(s):
- 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 Monday, August 10th, Isaias Jose Calisto sold 22,549 shares of Karooooo stock. The shares were 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 stock was 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 transaction of $1,192,953.21.
- 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 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.
- 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 shares were 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.
Karooooo Price Performance
Karooooo stock traded down $1.35 during midday trading on Friday, hitting $62.54. 16,777 shares of the company’s stock were exchanged, compared to its average volume of 82,929. The company has a market cap of $1.93 billion, a P/E ratio of 31.68 and a beta of 0.85. 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 50-day moving average price of $56.29 and a two-hundred day moving average price of $51.23. Karooooo Ltd. has a 52-week low of $41.25 and a 52-week high of $67.14.
Institutional Investors Weigh In On Karooooo
Several institutional investors have recently added to or reduced their stakes in KARO. DGS Capital Management LLC increased its position in shares of Karooooo by 5.7% in the first quarter. DGS Capital Management LLC now owns 7,359 shares of the company’s stock valued at $367,000 after acquiring an additional 398 shares during the period. Renaissance Technologies LLC grew its stake in shares of Karooooo by 1.4% in the first quarter. Renaissance Technologies LLC now owns 27,987 shares of the company’s stock worth $1,395,000 after purchasing an additional 400 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Karooooo by 7.5% during the 3rd quarter. Lazard Asset Management LLC now owns 6,139 shares of the company’s stock valued at $351,000 after purchasing an additional 430 shares during the period. Bank of America Corp DE raised its position in Karooooo by 17.2% during the 2nd quarter. Bank of America Corp DE now owns 5,100 shares of the company’s stock valued at $250,000 after purchasing an additional 750 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Karooooo by 22.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,195 shares of the company’s stock valued at $354,000 after purchasing an additional 1,150 shares during the last quarter.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on KARO shares. Raymond James Financial raised their price objective 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. Zacks Research cut Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Needham & Company LLC raised their price target on Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Karooooo in a report on Friday, April 24th. Finally, Roth Capital reiterated a “buy” rating and set a $74.00 price objective on shares of Karooooo in a research report on Friday, July 17th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.50.
View Our Latest Research Report on Karooooo
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.
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