Karooooo (NASDAQ:KARO) CEO Sells 1,193 Shares

Key Points

• CEO Isaias Jose Calisto sold 1,193 Karooooo shares at an average price of $63.13, generating $75,314.09. He retained 17.65 million shares valued at approximately $1.11 billion.
• Calisto has conducted multiple recent sales, including more than 22,000 shares on August 10 and 33,800 shares on August 5, indicating a broader pattern of insider selling.
• Karooooo reported quarterly EPS of $0.59, exceeding the $0.51 consensus estimate, while analysts maintained a “Moderate Buy” consensus with an average price target of $73.50.

Karooooo Ltd. (NASDAQ:KARO - Get Free Report) CEO Isaias Jose Calisto sold 1,193 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $63.13, for a total transaction of $75,314.09. Following the transaction, the chief executive officer directly owned 17,646,902 shares in the company, valued at approximately $1,114,048,923.26. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $40,976.00.
• On Friday, August 14th, Isaias Jose Calisto sold 978 shares of Karooooo stock. The stock was 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 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 stock was 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 value 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 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.

Karooooo Price Performance

NASDAQ KARO traded up $1.21 during mid-day trading on Thursday, hitting $62.60. The stock had a trading volume of 45,911 shares, compared to its average volume of 82,600. The firm's 50 day moving average is $57.56 and its 200 day moving average is $51.57. Karooooo Ltd. has a twelve month low of $41.25 and a twelve month high of $67.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 31.78 and a beta of 0.85.

Karooooo (NASDAQ:KARO - Get Free Report) last announced its earnings results on Thursday, July 16th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.08. Karooooo had a net margin of 17.74% and a return on equity of 32.03%. The company had revenue of $96.26 million for the quarter. Equities research analysts forecast that Karooooo Ltd. will post 2.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KARO. Weiss Ratings restated a "buy (b-)" rating on shares of Karooooo in a research report on Friday, April 24th. Needham & Company LLC increased their price objective on shares of Karooooo from $60.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Freedom Capital lowered shares of Karooooo from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 17th. Roth Capital restated a "buy" rating and set a $74.00 target price on shares of Karooooo in a report on Friday, July 17th. Finally, Raymond James Financial upped their price target on Karooooo from $60.00 to $75.00 and gave the company an "outperform" rating in a research report on Friday, July 17th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $73.50.

Hedge Funds Weigh In On Karooooo

Institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new stake in shares of Karooooo in the 1st quarter valued at approximately $1,015,000. Aurora Investment Counsel purchased a new stake in shares of Karooooo during the 4th quarter valued at approximately $1,651,000. Bullseye Asset Management LLC raised its position in shares of Karooooo by 101.7% during the 4th quarter. Bullseye Asset Management LLC now owns 32,129 shares of the company's stock valued at $1,461,000 after buying an additional 16,200 shares during the period. Schwartz Investment Counsel Inc. lifted its holdings in Karooooo by 22.9% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 78,365 shares of the company's stock valued at $3,566,000 after acquiring an additional 14,600 shares during the last quarter. Finally, Capricorn Fund Managers Ltd grew its position 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 acquiring an additional 40,268 shares during the period.

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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