Karooooo Ltd. (NASDAQ:KARO - Get Free Report) CEO Isaias Jose Calisto sold 978 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $63.30, for a total value of $61,907.40. Following the sale, the chief executive officer directly owned 17,648,745 shares in the company, valued at $1,117,165,558.50. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
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 value 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 value 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 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 value 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 value of $1,645,471.80.
Karooooo Trading Up 0.9%
NASDAQ:KARO opened at $62.78 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Karooooo Ltd. has a twelve month low of $41.25 and a twelve month high of $67.14. The company has a market cap of $1.94 billion, a P/E ratio of 31.87 and a beta of 0.85. The business has a 50 day moving average price of $57.24 and a two-hundred day moving average price of $51.48.
Karooooo (NASDAQ:KARO - Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.08. The business 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%. As a group, analysts expect that Karooooo Ltd. will post 2.41 EPS for the current fiscal year.
Analysts Set New Price Targets
KARO has been the subject of several recent analyst reports. Needham & Company LLC increased their price objective on Karooooo from $60.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Wall Street Zen raised shares of Karooooo from a "hold" rating to a "buy" rating in a research report on Monday. Zacks Research downgraded Karooooo from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Freedom Capital lowered Karooooo from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 17th. Finally, Raymond James Financial raised their price objective on Karooooo from $60.00 to $75.00 and gave the company an "outperform" rating in a research report on Friday, July 17th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Karooooo has an average rating of "Moderate Buy" and an average price target of $73.50.
Read Our Latest Stock Analysis on Karooooo
Institutional Trading of Karooooo
Institutional investors have recently added to or reduced their stakes in the company. Capricorn Fund Managers Ltd grew its holdings in Karooooo by 16.9% in the 1st quarter. Capricorn Fund Managers Ltd now owns 278,346 shares of the company's stock valued at $13,873,000 after buying an additional 40,268 shares in the last quarter. Schwartz Investment Counsel Inc. grew its position in Karooooo by 22.9% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 78,365 shares of the company's stock worth $3,566,000 after buying an additional 14,600 shares in the last quarter. Two Sigma Investments LP increased its stake in Karooooo by 115.4% during the 3rd quarter. Two Sigma Investments LP now owns 74,130 shares of the company's stock worth $4,234,000 after acquiring an additional 39,709 shares during the period. Marshall Wace LLP increased its stake in Karooooo by 699.1% during 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 during the period. Finally, First Trust Advisors LP raised its holdings in Karooooo by 43.1% in the 4th quarter. First Trust Advisors LP now owns 46,767 shares of the company's stock valued at $2,128,000 after acquiring an additional 14,078 shares in the last quarter.
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.
Further Reading
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