Key Points
- CEO Isaias Jose Calisto sold 650 Karooooo shares at an average price of $63.04, generating $40,976. He still directly owns 17.65 million shares valued at approximately $1.11 billion, although the sale was part of a broader series of recent insider transactions.
- Karooooo reported quarterly earnings of $0.59 per share, beating the $0.51 consensus estimate, while revenue reached $96.26 million. Shares opened at $62.87 and remain near their 12-month high of $67.14.
- Wall Street maintains a generally positive outlook, with five Buy ratings and two Holds, an average rating of “Moderate Buy,” and an average price target of $73.50.
Karooooo Ltd. (NASDAQ:KARO - Get Free Report) CEO Isaias Jose Calisto sold 650 shares of Karooooo stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $63.04, for a total value of $40,976.00. Following the completion of the sale, the chief executive officer directly owned 17,648,095 shares of the company's stock, valued at approximately $1,112,535,908.80. The trade was a 0.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Isaias Jose Calisto also recently made the following trade(s):
- On Wednesday, August 19th, Isaias Jose Calisto sold 1,193 shares of Karooooo stock. The stock was sold at an average price of $63.13, for a total value of $75,314.09.
- On Friday, August 14th, Isaias Jose Calisto sold 978 shares of Karooooo stock. The stock was sold at an average price of $63.30, for a total value of $61,907.40.
- 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 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 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 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 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 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 transaction of $1,653,372.40.
Karooooo Stock Up 2.4%
Shares of KARO stock opened at $62.87 on Friday. The company has a 50 day simple moving average of $57.90 and a two-hundred day simple moving average of $51.66. The stock has a market cap of $1.94 billion, a P/E ratio of 31.91 and a beta of 0.85. Karooooo Ltd. has a 12 month low of $41.25 and a 12 month high of $67.14. 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 released 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 company had revenue of $96.26 million for the quarter. Karooooo had a return on equity of 32.03% and a net margin of 17.74%. On average, research analysts expect that Karooooo Ltd. will post 2.41 earnings per share for the current year.
Institutional Trading of Karooooo
Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in Karooooo by 56.6% during the second quarter. Geode Capital Management LLC now owns 29,892 shares of the company's stock valued at $1,464,000 after acquiring an additional 10,799 shares during the last quarter. JPMorgan Chase & Co. raised its position in Karooooo by 216.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,089 shares of the company's stock worth $396,000 after purchasing an additional 5,529 shares during the period. Russell Investments Group Ltd. bought a new stake in Karooooo in the second quarter worth about $1,378,000. New York State Common Retirement Fund boosted 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 valued at $160,000 after buying an additional 2,682 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Karooooo during the second quarter valued at approximately $156,000.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. Needham & Company LLC raised their price target on Karooooo from $60.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Roth Capital reiterated a "buy" rating and issued a $74.00 price target on shares of Karooooo in a report on Friday, July 17th. Zacks Research cut Karooooo from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 5th. Wall Street Zen upgraded Karooooo from a "hold" rating to a "buy" rating in a report on Monday. Finally, UBS Group reiterated a "buy" rating and set a $75.00 target price on shares of Karooooo in a research report on Thursday, July 16th. 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $73.50.
Check Out Our Latest 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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