Isaias Jose Calisto Sells 336 Shares of Karooooo (NASDAQ:KARO) Stock

Key Points

• CEO Isaias Jose Calisto sold 336 Karooooo shares at an average price of $64.15, generating $21,554.40. He still owns 17.63 million shares valued at approximately $1.13 billion.
• Calisto has made multiple additional sales recently, including 22,549 shares on August 10 and 12,430 shares on August 7, indicating a broader pattern of insider selling.
• Karooooo shares rose to $67.09, near their 52-week high, while analysts maintain a “Moderate Buy” consensus with an average price target of $73.50. The company also exceeded quarterly earnings expectations, reporting $0.59 per share versus the $0.51 estimate.

Karooooo Ltd. (NASDAQ:KARO - Get Free Report) CEO Isaias Jose Calisto sold 336 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $64.15, for a total transaction of $21,554.40. Following the sale, the chief executive officer owned 17,631,049 shares in the company, valued at $1,131,031,793.35. The trade was a 0.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, August 26th, Isaias Jose Calisto sold 23 shares of Karooooo stock. The shares were sold at an average price of $64.00, for a total transaction of $1,472.00.
• On Friday, August 21st, Isaias Jose Calisto sold 6,202 shares of Karooooo stock. The shares were sold at an average price of $63.50, for a total transaction of $393,827.00.
• 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 transaction of $75,314.09.
• 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 shares were 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 shares were 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.

Karooooo Price Performance

NASDAQ KARO traded up $2.81 during trading on Thursday, hitting $67.09. 100,420 shares of the company's stock were exchanged, compared to its average volume of 82,139. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.07 billion, a PE ratio of 34.06 and a beta of 0.85. Karooooo Ltd. has a fifty-two week low of $41.25 and a fifty-two week high of $67.65. The stock's 50 day moving average price is $59.24 and its two-hundred day moving average price is $52.09.

Karooooo (NASDAQ:KARO - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.08. The company 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%. Research analysts expect that Karooooo Ltd. will post 2.41 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Zacks Research downgraded shares of Karooooo from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. UBS Group reaffirmed a "buy" rating and set a $75.00 price target on shares of Karooooo in a research note on Thursday, July 16th. Wall Street Zen raised shares of Karooooo from a "hold" rating to a "buy" rating in a research note on Monday, August 17th. Raymond James Financial increased their price objective on Karooooo from $60.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, July 17th. Finally, Needham & Company LLC raised their target price on Karooooo from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Five investment 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, Karooooo currently has a consensus rating of "Moderate Buy" and an average target price of $73.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in Karooooo during the first quarter valued at $1,015,000. Aurora Investment Counsel acquired a new stake in Karooooo during the 4th quarter worth about $1,651,000. Bullseye Asset Management LLC raised its position in shares of Karooooo by 101.7% in the 4th quarter. Bullseye Asset Management LLC now owns 32,129 shares of the company's stock worth $1,461,000 after acquiring an additional 16,200 shares in the last quarter. Schwartz Investment Counsel Inc. grew its stake in Karooooo by 22.9% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 78,365 shares of the company's stock worth $3,566,000 after purchasing an additional 14,600 shares during the period. Finally, Capricorn Fund Managers Ltd increased its holdings in Karooooo by 16.9% in the first 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 in 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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