Isaias Jose Calisto Sells 25,452 Shares of Karooooo (NASDAQ:KARO) Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 25,452 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $64.65, for a total transaction of $1,645,471.80. Following the completion of the sale, the chief executive officer owned 17,794,030 shares of the company’s stock, valued at approximately $1,150,384,039.50. This represents a 0.14% 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 Monday, August 3rd, Isaias Jose Calisto sold 20,417 shares of Karooooo stock. The shares were sold at an average price of $64.51, for a total transaction of $1,317,100.67.
• On Thursday, July 30th, Isaias Jose Calisto sold 18,630 shares of Karooooo stock. The shares were sold at an average price of $63.47, for a total transaction of $1,182,446.10.
• On Wednesday, July 29th, Isaias Jose Calisto sold 31,897 shares of Karooooo stock. The shares were sold at an average price of $64.43, for a total transaction of $2,055,123.71.
• On Tuesday, July 28th, Isaias Jose Calisto sold 22,036 shares of Karooooo stock. The stock was sold at an average price of $64.19, for a total transaction of $1,414,490.84.
• On Monday, July 27th, Isaias Jose Calisto sold 25,913 shares of Karooooo stock. The stock was sold at an average price of $63.44, for a total transaction of $1,643,920.72.

Karooooo Trading Up 1.9%

Shares of NASDAQ KARO opened at $65.91 on Thursday. The business has a fifty day moving average price of $54.48 and a 200 day moving average price of $50.50. Karooooo Ltd. has a 1-year low of $41.25 and a 1-year high of $67.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01. The stock has a market capitalization of $2.04 billion, a P/E ratio of 33.46 and a beta of 0.85.

Karooooo (NASDAQ:KARO) last announced its earnings results on Thursday, July 16th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The business had revenue of $96.26 million during the quarter. Karooooo had a net margin of 17.74% and a return on equity of 32.03%. Equities research analysts expect that Karooooo Ltd. will post 2.41 EPS for the current fiscal year.

Karooooo Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, July 27th. Investors of record on Friday, July 17th were paid a dividend of $1.50 per share. This is a boost from Karooooo’s previous annual dividend of $1.25. The ex-dividend date was Friday, July 17th. This represents a dividend yield of 239.0%. Karooooo’s dividend payout ratio (DPR) is presently 76.14%.

Analyst Ratings Changes

Several brokerages have weighed in on KARO. Needham & Company LLC raised their target price on shares of Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Zacks Research upgraded Karooooo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. UBS Group reissued a “buy” rating and issued a $75.00 price objective on shares of Karooooo in a research report on Thursday, July 16th. Freedom Capital downgraded Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Finally, Roth Capital reaffirmed a “buy” rating and set a $74.00 target price on shares of Karooooo in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Karooooo currently has an average rating of “Buy” and an average target price of $73.50.

Institutional Trading of Karooooo

Several large investors have recently bought and sold shares of the stock. Capricorn Fund Managers Ltd raised its holdings in shares of Karooooo by 39.4% in the fourth quarter. Capricorn Fund Managers Ltd now owns 238,078 shares of the company’s stock worth $10,833,000 after buying an additional 67,322 shares during the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of Karooooo by 238.3% during the third quarter. Tudor Investment Corp ET AL now owns 17,917 shares of the company’s stock valued at $1,023,000 after buying an additional 12,621 shares during the last quarter. Aurora Investment Counsel purchased a new stake in shares of Karooooo during the fourth quarter valued at $1,651,000. Bullseye Asset Management LLC increased its position in shares of Karooooo by 101.7% in the 4th quarter. Bullseye Asset Management LLC now owns 32,129 shares of the company’s stock valued at $1,461,000 after acquiring an additional 16,200 shares during the period. Finally, Schwartz Investment Counsel Inc. increased its position in shares of Karooooo by 22.9% in the 4th 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 period.

About Karooooo

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.