Key Points
- CEO Isaias Jose Calisto sold 8,235 Karooooo shares at an average price of $63.58, generating $523,581.30. He retained 17.65 million shares after the transaction.
- Calisto has conducted a series of stock sales since late July, totaling more than $11 million across the disclosed transactions.
- Karooooo recently beat quarterly earnings estimates, reporting $0.59 in EPS versus $0.51 expected, while analysts maintain a consensus “Moderate Buy” rating with a $73.50 price target.
Karooooo Ltd. (NASDAQ:KARO - Get Free Report) CEO Isaias Jose Calisto sold 2,158 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $63.05, for a total value of $136,061.90. Following the transaction, the chief executive officer directly owned 17,657,958 shares of the company's stock, valued at approximately $1,113,334,251.90. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
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 shares were sold at an average price of $63.58, for a total transaction of $523,581.30.
- 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 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 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 stock was 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 value of $1,182,446.10.
Karooooo Stock Down 2.5%
Shares of KARO opened at $62.28 on Friday. 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 52 week low of $41.25 and a 52 week high of $67.14. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 31.61 and a beta of 0.85. The stock has a fifty day moving average of $56.60 and a 200-day moving average of $51.31.
Karooooo (NASDAQ:KARO - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.08. Karooooo had a return on equity of 32.03% and a net margin of 17.74%.The business had revenue of $96.26 million for the quarter. As a group, sell-side analysts anticipate that Karooooo Ltd. will post 2.41 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
KARO has been the topic of several research reports. Freedom Capital cut Karooooo from a "strong-buy" rating to a "hold" rating in a report on Friday, July 17th. Wall Street Zen lowered shares of Karooooo from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Roth Capital reiterated a "buy" rating and set a $74.00 target price on shares of Karooooo in a research report on Friday, July 17th. Zacks Research downgraded shares of Karooooo from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Karooooo in a report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $73.50.
Get Our Latest Analysis on Karooooo
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in Karooooo by 56.6% during the 2nd quarter. Geode Capital Management LLC now owns 29,892 shares of the company's stock worth $1,464,000 after buying an additional 10,799 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Karooooo by 216.0% in the second quarter. JPMorgan Chase & Co. now owns 8,089 shares of the company's stock valued at $396,000 after buying an additional 5,529 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Karooooo during the second quarter worth about $1,378,000. New York State Common Retirement Fund raised its position in shares of Karooooo by 465.6% during the second quarter. New York State Common Retirement Fund now owns 3,258 shares of the company's stock worth $160,000 after acquiring an additional 2,682 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Karooooo in the second quarter worth approximately $156,000.
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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