Karooooo CEO Jose Isaias Calisto Sells 50,527 Shares for $3.2 Million
Stock has surged 38% over the past year, and the CEO retains 17.8 million shares worth $1.14 billion after this modest 0.28% reduction in direct holdings.
Overview
Jose Isaias Calisto, CEO Executive Chairman of Karooooo Ltd. (NASDAQ:KARO), sold 50,527 shares of common stock on July 29, 2026 and July 30, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($64.08); post-transaction value based on July 30, 2026 market close ($64.03).
Details
Karooooo Ltd. is a global SaaS provider with a market capitalization of $2.0 billion and TTM revenue of $5.8 billion, serving the connected vehicle and fleet management sector across six major geographic regions. The company's platform delivers real-time intelligence and operational visibility to fleet operators, positioning it as a comprehensive solution provider in the growing telematics and fleet optimization market. With a workforce of 7,395 employees and a TTM net income of $1.0 billion, Karooooo demonstrates significant scale and profitability in the software-as-a-service sector.
Source
Originally published at www.fool.com.