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Karooooo (NASDAQ:KARO) lowers FY2027 GAAP EPS guidance from $2.35-$2.44 to $2.33-$2.42 vs $2.37 analyst estimate..
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Karooooo CEO Jose Isaias Calisto sold 50,527 shares worth $3.2 million on July 29-30, 2026, representing a modest 0.28% reduction in his direct holdings. Despite the sale, Calisto retains 17.8 million shares valued at $1.14 billion. The stock has surged 38% over the past year and trades near all-time highs, with analysts suggesting the sale is not indicative of concerns about the company's prospects.
Raymond James analyst Alexander Sklar maintains Karooooo (NASDAQ:KARO) with a Outperform and raises the price target from $60 to $75.
The RSI is a momentum indicator showing short-term performance of stocks in the IT sector. 3 stocks are overbought: KARO, ALRM, and ALOT.