Karooooo (NASDAQ:KARO) CEO Sells 8,235 Shares of Stock

Key Points

• CEO Isaias Jose Calisto sold 8,235 Karooooo shares at an average price of $63.58, totaling $523,581.30. He retained 17.65 million shares worth approximately $1.12 billion, while recent filings show a broader series of sales.
• Karooooo shares fell 2.1% to $62.54, though the stock remained above its 50-day and 200-day moving averages. The company has a $1.93 billion market capitalization and trades at a P/E ratio of 31.68.
• Karooooo recently beat quarterly EPS estimates, reporting $0.59 versus the $0.51 consensus, while analysts maintain a Moderate Buy consensus with an average price target of $73.50.

Karooooo Ltd. (NASDAQ:KARO - Get Free Report) CEO Isaias Jose Calisto sold 8,235 shares of the company's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $63.58, for a total transaction of $523,581.30. Following the completion of the transaction, the chief executive officer directly owned 17,649,723 shares in the company, valued at approximately $1,122,169,388.34. The trade was a 0.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• 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 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 transaction 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 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 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.
• 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 value of $1,317,100.67.
• On Friday, July 31st, Isaias Jose Calisto sold 25,452 shares of Karooooo stock. The stock was 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 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 NASDAQ KARO traded down $1.35 during mid-day trading on Friday, hitting $62.54. The stock had a trading volume of 16,777 shares, compared to its average volume of 82,929. The business 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 1 year low of $41.25 and a 1 year high of $67.14. 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 firm has a market cap of $1.93 billion, a P/E ratio of 31.68 and a beta of 0.85.

Karooooo (NASDAQ:KARO - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, equities analysts anticipate that Karooooo Ltd. will post 2.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Marshall Wace LLP increased its holdings in Karooooo by 699.1% in the 2nd quarter. Marshall Wace LLP now owns 55,602 shares of the company's stock worth $2,723,000 after acquiring an additional 48,644 shares in the last quarter. Capricorn Fund Managers Ltd boosted its position in shares of 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 during the period. Two Sigma Investments LP boosted its position in shares of Karooooo by 115.4% in the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company's stock worth $4,234,000 after purchasing an additional 39,709 shares during the period. Aurora Investment Counsel purchased a new stake in shares of Karooooo in the fourth quarter worth $1,651,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Karooooo in the second quarter worth $1,378,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. 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 stock a "buy" rating in a research note on Tuesday, July 14th. Wall Street Zen lowered Karooooo from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. UBS Group reissued a "buy" rating and issued a $75.00 target price on shares of Karooooo in a report on Thursday, July 16th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Karooooo in a research report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $73.50.

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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