Key Points
- CEO Isaias Jose Calisto sold 336 Karooooo shares at an average price of $64.15, generating $21,554.40. He retained 17.63 million shares valued at approximately $1.13 billion.
- Karooooo shares opened at $67.09, up 4.4%, near their 52-week high of $67.65. The company recently exceeded quarterly earnings expectations, reporting EPS of $0.59 versus the $0.51 consensus and revenue of $96.26 million.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $73.50, although recent recommendations have ranged from “Buy” to “Hold.”
Karooooo Ltd. (NASDAQ:KARO - Get Free Report) CEO Isaias Jose Calisto sold 336 shares of Karooooo stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $64.15, for a total transaction of $21,554.40. Following the sale, the chief executive officer owned 17,631,049 shares in the company, valued at approximately $1,131,031,793.35. This represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Isaias Jose Calisto also recently made the following trade(s):
- On Wednesday, August 26th, Isaias Jose Calisto sold 23 shares of Karooooo stock. The shares were sold at an average price of $64.00, for a total transaction of $1,472.00.
- On Friday, August 21st, Isaias Jose Calisto sold 6,202 shares of Karooooo stock. The shares were sold at an average price of $63.50, for a total transaction of $393,827.00.
- 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 transaction 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 transaction of $40,976.00.
- 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 transaction 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 shares were 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.
Karooooo Trading Up 4.4%
Shares of KARO stock opened at $67.09 on Friday. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 34.06 and a beta of 0.85. The stock has a 50-day moving average of $59.63 and a 200-day moving average of $52.21. 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 Ltd. has a 1-year low of $41.25 and a 1-year high of $67.65.
Karooooo (NASDAQ:KARO - Get Free Report) last issued its quarterly earnings results on Thursday, July 16th. The company reported $0.59 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $96.26 million for the quarter. On average, equities research analysts forecast that Karooooo Ltd. will post 2.41 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Capricorn Fund Managers Ltd increased its holdings in Karooooo by 16.9% during the first quarter. Capricorn Fund Managers Ltd now owns 278,346 shares of the company's stock worth $13,873,000 after buying an additional 40,268 shares during the last quarter. Schwartz Investment Counsel Inc. boosted its stake in Karooooo by 22.9% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 78,365 shares of the company's stock valued at $3,566,000 after acquiring an additional 14,600 shares during the last quarter. Two Sigma Investments LP boosted its stake in Karooooo by 115.4% in the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company's stock valued at $4,234,000 after acquiring an additional 39,709 shares during the last quarter. Marshall Wace LLP grew its position in shares of Karooooo by 699.1% during the 2nd quarter. Marshall Wace LLP now owns 55,602 shares of the company's stock valued at $2,723,000 after acquiring an additional 48,644 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Karooooo by 43.1% during the 4th quarter. First Trust Advisors LP now owns 46,767 shares of the company's stock worth $2,128,000 after purchasing an additional 14,078 shares during the last quarter.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on KARO shares. Needham & Company LLC raised their price target on shares of Karooooo from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Freedom Capital lowered shares of Karooooo from a "strong-buy" rating to a "hold" rating in a report on Friday, July 17th. Wall Street Zen raised shares of Karooooo from a "hold" rating to a "buy" rating in a research report on Monday, August 17th. Zacks Research cut shares of Karooooo from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Finally, Raymond James Financial raised their target price on Karooooo from $60.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, July 17th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $73.50.
Read Our Latest Stock Analysis on Karooooo
Karooooo Company Profile
(
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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