Key Points
- CEO Isaias Jose Calisto sold 22,549 Karooooo shares at an average price of $63.25, generating $1.43 million; he retained 17.66 million shares, with ownership declining 0.13%.
- Calisto has made numerous additional sales since late July, indicating continued insider selling while Karooooo trades near its 12-month high. The stock opened at $62.79 and has a market capitalization of approximately $1.94 billion.
- Karooooo recently exceeded earnings expectations, reporting quarterly EPS of $0.59 versus the $0.51 consensus estimate. Analysts maintain a “Moderate Buy” consensus with an average price target of $73.50, despite several recent rating downgrades to “Hold.”
Karooooo Ltd. (NASDAQ:KARO - Get Free Report) CEO Isaias Jose Calisto sold 22,549 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $63.25, for a total transaction of $1,426,224.25. Following the transaction, the chief executive officer owned 17,660,358 shares of the company's stock, valued at $1,117,017,643.50. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Isaias Jose Calisto also recently made the following trade(s):
- 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 stock was 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 shares were 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 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 transaction of $1,182,446.10.
- On Wednesday, July 29th, Isaias Jose Calisto sold 31,897 shares of Karooooo stock. The shares were sold at an average price of $64.43, for a total transaction of $2,055,123.71.
- On Tuesday, July 28th, Isaias Jose Calisto sold 22,036 shares of Karooooo stock. The shares were sold at an average price of $64.19, for a total value of $1,414,490.84.
Karooooo Stock Up 0.3%
Shares of KARO opened at $62.79 on Thursday. Karooooo Ltd. has a 12-month low of $41.25 and a 12-month high of $67.14. The firm has a market cap of $1.94 billion, a P/E ratio of 31.87 and a beta of 0.85. The company's 50-day moving average price is $55.97 and its 200 day moving average price is $51.13. 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 (NASDAQ:KARO - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The company reported $0.59 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that Karooooo Ltd. will post 2.41 earnings per share for the current year.
Institutional Trading of Karooooo
Several hedge funds and other institutional investors have recently made changes to their positions in KARO. DGS Capital Management LLC increased its stake in shares of Karooooo by 5.7% during the first quarter. DGS Capital Management LLC now owns 7,359 shares of the company's stock worth $367,000 after acquiring an additional 398 shares during the period. Renaissance Technologies LLC lifted its position in Karooooo by 1.4% in the first quarter. Renaissance Technologies LLC now owns 27,987 shares of the company's stock valued at $1,395,000 after purchasing an additional 400 shares during the period. Lazard Asset Management LLC lifted its position in Karooooo by 7.5% in the third quarter. Lazard Asset Management LLC now owns 6,139 shares of the company's stock valued at $351,000 after purchasing an additional 430 shares during the period. Bank of America Corp DE boosted its holdings in Karooooo by 17.2% in the 2nd quarter. Bank of America Corp DE now owns 5,100 shares of the company's stock valued at $250,000 after purchasing an additional 750 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Karooooo by 22.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,195 shares of the company's stock valued at $354,000 after purchasing an additional 1,150 shares in the last quarter.
Wall Street Analysts Forecast Growth
KARO has been the topic of several analyst reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Karooooo in a research note on Friday, April 24th. Wall Street Zen downgraded shares of Karooooo from a "buy" rating to a "hold" rating in a research report on Sunday. Freedom Capital downgraded Karooooo from a "strong-buy" rating to a "hold" rating in a report on Friday, July 17th. UBS Group reiterated a "buy" rating and issued a $75.00 price target on shares of Karooooo in a research report on Thursday, July 16th. Finally, Zacks Research cut Karooooo from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Five 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 company currently has an average rating of "Moderate Buy" and an average price target of $73.50.
Read Our Latest Stock Analysis on KARO
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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