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 242 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $63.01, for a total transaction of $15,248.42. Following the sale, the chief executive officer directly owned 17,660,116 shares in the company, valued at approximately $1,112,763,909.16. The trade was a 0.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Isaias Jose Calisto also recently made the following trade(s):
- 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 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 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 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 stock was 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 shares were 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 stock was sold at an average price of $64.19, for a total value of $1,414,490.84.
Karooooo Stock Up 0.3%
KARO opened at $62.79 on Thursday. The business's 50-day simple moving average is $55.97 and its 200-day simple moving average is $51.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02. Karooooo Ltd. has a one year low of $41.25 and a one year high of $67.14. The stock has a market capitalization of $1.94 billion, a P/E ratio of 31.87 and a beta of 0.85.
Karooooo (NASDAQ:KARO - Get Free Report) last posted its earnings results on Thursday, July 16th. The company reported $0.59 earnings per share for the quarter, beating 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%. Analysts anticipate that Karooooo Ltd. will post 2.41 EPS for the current year.
Institutional Trading of Karooooo
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in Karooooo by 9.5% during the 1st quarter. Bank of America Corp DE now owns 8,798 shares of the company's stock valued at $438,000 after acquiring an additional 764 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Karooooo in the 1st quarter valued at approximately $1,015,000. Renaissance Technologies LLC increased its holdings in shares of 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. Arrowstreet Capital Limited Partnership increased its holdings in shares of Karooooo by 35.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 19,259 shares of the company's stock valued at $960,000 after purchasing an additional 4,999 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Karooooo during the first quarter worth approximately $296,000.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Karooooo from a "buy" rating to a "hold" rating in a report on Sunday. UBS Group reaffirmed a "buy" rating and issued a $75.00 target price on shares of Karooooo in a report on Thursday, July 16th. Zacks Research downgraded shares of Karooooo from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Roth Capital reiterated a "buy" rating and issued a $74.00 price target on shares of Karooooo in a research report on Friday, July 17th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Karooooo in a research note on Friday, April 24th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Karooooo 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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