Karooooo Ltd. (NASDAQ:KARO - Get Free Report) CEO Isaias Jose Calisto sold 2,158 shares of the stock in a transaction on Wednesday, August 12th. The shares were 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 $1,113,334,251.90. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was 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 stock was 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 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 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 shares were sold at an average price of $64.51, for a total transaction 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 transaction of $1,645,471.80.
- On Thursday, July 30th, Isaias Jose Calisto sold 18,630 shares of Karooooo stock. The stock was sold at an average price of $63.47, for a total value of $1,182,446.10.
Karooooo Trading Down 2.1%
Shares of KARO stock traded down $1.35 during mid-day trading on Friday, hitting $62.54. The company's stock had a trading volume of 16,777 shares, compared to its average volume of 82,929. The company has a market cap of $1.93 billion, a PE 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 company's fifty day simple moving average is $56.29 and its 200-day simple moving average is $51.23. Karooooo Ltd. has a 52 week low of $41.25 and a 52 week high of $67.14.
Karooooo (NASDAQ:KARO - Get Free Report) last released its earnings results on Thursday, July 16th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.51 by $0.08. The business had revenue of $96.26 million during the quarter. Karooooo had a return on equity of 32.03% and a net margin of 17.74%. As a group, equities research analysts expect that Karooooo Ltd. will post 2.41 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Karooooo
Several institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP raised its stake 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 buying an additional 48,644 shares during the period. Capricorn Fund Managers Ltd raised its stake in Karooooo by 16.9% in the 1st quarter. Capricorn Fund Managers Ltd now owns 278,346 shares of the company's stock valued at $13,873,000 after acquiring an additional 40,268 shares during the period. Two Sigma Investments LP lifted its holdings in Karooooo by 115.4% during 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 in the fourth quarter worth about $1,651,000. Finally, Russell Investments Group Ltd. bought a new position in Karooooo in the 2nd quarter worth approximately $1,378,000.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. Roth Capital reiterated a "buy" rating and issued a $74.00 target price on shares of Karooooo in a research note on Friday, July 17th. Wall Street Zen lowered shares of Karooooo from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. Zacks Research downgraded Karooooo from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Freedom Capital downgraded Karooooo from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 17th. Finally, Raymond James Financial lifted their price target on Karooooo from $60.00 to $75.00 and gave the stock an "outperform" rating in a 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $73.50.
Check Out Our Latest Stock Report on Karooooo
About Karooooo
(
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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