Karooooo Ltd. (NASDAQ:KARO - Get Free Report) CEO Isaias Jose Calisto sold 6,202 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $63.50, for a total value of $393,827.00. Following the completion of the sale, the chief executive officer owned 17,640,700 shares of the company's stock, valued at $1,120,184,450. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 Tuesday, August 18th, Isaias Jose Calisto sold 650 shares of Karooooo stock. The stock was sold at an average price of $63.04, for a total value of $40,976.00.
- On Friday, August 14th, Isaias Jose Calisto sold 978 shares of Karooooo stock. The shares were 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 value of $523,581.30.
- On Wednesday, August 12th, Isaias Jose Calisto sold 2,158 shares of Karooooo stock. The stock was 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 transaction 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.
Karooooo Stock Up 0.5%
Karooooo stock opened at $64.28 on Tuesday. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 32.63 and a beta of 0.85. Karooooo Ltd. has a 52-week low of $41.25 and a 52-week high of $67.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a 50 day moving average price of $58.54 and a two-hundred day moving average price of $51.87.
Karooooo (NASDAQ:KARO - Get Free Report) last posted its quarterly earnings data on Thursday, July 16th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.08. Karooooo had a net margin of 17.74% and a return on equity of 32.03%. The company had revenue of $96.26 million for the quarter. Equities analysts predict that Karooooo Ltd. will post 2.41 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in KARO. Public Employees Retirement System of Ohio acquired a new stake in Karooooo in the second quarter valued at approximately $54,000. Bank of America Corp DE raised its position in shares of Karooooo by 9.5% during the first quarter. Bank of America Corp DE now owns 8,798 shares of the company's stock worth $438,000 after purchasing an additional 764 shares during the period. Lazard Asset Management LLC bought a new position in shares of Karooooo in the 1st quarter worth $1,015,000. Renaissance Technologies LLC lifted its holdings in shares of Karooooo by 1.4% in the 1st quarter. Renaissance Technologies LLC now owns 27,987 shares of the company's stock worth $1,395,000 after purchasing an additional 400 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Karooooo by 35.1% in the 1st 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.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on KARO shares. Freedom Capital downgraded Karooooo from a "strong-buy" rating to a "hold" rating in a report on Friday, July 17th. Wall Street Zen raised Karooooo from a "hold" rating to a "buy" rating in a research note on Monday, August 17th. Zacks Research lowered Karooooo from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Needham & Company LLC raised their target price on Karooooo from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Finally, Roth Capital reiterated a "buy" rating and issued a $74.00 target price on shares of Karooooo in a report on Friday, July 17th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $73.50.
Get 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
