Isaias Jose Calisto Sells 6,202 Shares of Karooooo (NASDAQ:KARO) Stock

Karooooo Ltd. (NASDAQ:KAROGet Free Report) CEO Isaias Jose Calisto sold 6,202 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $63.50, for a total value of $393,827.00. Following the transaction, the chief executive officer owned 17,640,700 shares of the company’s stock, valued at approximately $1,120,184,450. This represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 Tuesday, August 18th, Isaias Jose Calisto sold 650 shares of Karooooo stock. The shares were sold at an average price of $63.04, for a total value 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 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 stock was 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 shares were 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 shares were 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 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.

Karooooo Price Performance

KARO traded up $0.32 on Monday, reaching $64.28. The company had a trading volume of 54,297 shares, compared to its average volume of 82,537. The company has a fifty day moving average of $58.24 and a 200-day moving average of $51.75. The company has a market capitalization of $1.99 billion, a P/E ratio of 32.63 and a beta of 0.85. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15. Karooooo Ltd. has a one year low of $41.25 and a one year high of $67.14.

Karooooo (NASDAQ:KAROGet Free Report) last released its earnings results 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 for the quarter. Karooooo had a net margin of 17.74% and a return on equity of 32.03%. As a group, equities research analysts anticipate that Karooooo Ltd. will post 2.41 earnings per share for the current year.

Hedge Funds Weigh In On Karooooo

A number of institutional investors have recently bought and sold shares of KARO. Public Employees Retirement System of Ohio purchased a new stake in Karooooo during the second quarter valued at about $54,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Karooooo during the fourth quarter valued at approximately $80,000. Royal Bank of Canada raised its holdings in shares of Karooooo by 852.9% during the fourth quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock valued at $135,000 after acquiring an additional 2,644 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Karooooo in the 2nd quarter valued at approximately $156,000. Finally, New York State Common Retirement Fund boosted its stake in Karooooo by 465.6% in the 2nd quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock worth $160,000 after purchasing an additional 2,682 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Karooooo from a “hold” rating to a “buy” rating in a research report on Monday, August 17th. Zacks Research lowered Karooooo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Raymond James Financial raised their target price on Karooooo from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Freedom Capital lowered Karooooo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Finally, Roth Capital reiterated a “buy” rating and issued a $74.00 price target 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 assigned a Hold rating to the stock. Based on data from MarketBeat, Karooooo currently has an average rating of “Moderate Buy” and a consensus target price of $73.50.

Check Out Our Latest Research Report on KARO

Karooooo Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Karooooo (NASDAQ:KARO)

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