Isaias Jose Calisto Sells 18,849 Shares of Karooooo (NASDAQ:KARO) Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 18,849 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $63.29, for a total transaction of $1,192,953.21. Following the sale, the chief executive officer owned 17,695,337 shares of the company’s stock, valued at $1,119,937,878.73. This trade represents a 0.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Isaias Jose Calisto also recently made the following trade(s):

• On Friday, August 7th, Isaias Jose Calisto sold 12,430 shares of Karooooo stock. The stock was sold at an average price of $64.48, for a total transaction of $801,486.40.
• On Wednesday, August 5th, Isaias Jose Calisto sold 33,833 shares of Karooooo stock. The shares were sold at an average price of $66.14, for a total transaction of $2,237,714.62.
• On Tuesday, August 4th, Isaias Jose Calisto sold 25,594 shares of Karooooo stock. The stock was sold at an average price of $64.60, for a total value of $1,653,372.40.
• 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 value of $1,317,100.67.
• On Friday, July 31st, Isaias Jose Calisto sold 25,452 shares of Karooooo stock. The shares were sold at an average price of $64.65, for a total value of $1,645,471.80.
• On Thursday, July 30th, Isaias Jose Calisto sold 18,630 shares of Karooooo stock. The stock was 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 shares were sold at an average price of $64.19, for a total value of $1,414,490.84.
• On Monday, July 27th, Isaias Jose Calisto sold 25,913 shares of Karooooo stock. The shares were sold at an average price of $63.44, for a total value of $1,643,920.72.

Karooooo Price Performance

Shares of NASDAQ:KARO opened at $64.81 on Monday. The company has a 50 day moving average of $55.14 and a 200-day moving average of $50.75. Karooooo Ltd. has a one year low of $41.25 and a one year high of $67.14. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 32.90 and a beta of 0.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.01.

Karooooo (NASDAQ:KARO) last released 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 firm 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%. On average, sell-side analysts forecast that Karooooo Ltd. will post 2.41 earnings per share for the current year.

Karooooo Increases Dividend

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

Analyst Ratings Changes

A number of brokerages recently issued reports on KARO. Zacks Research cut shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Karooooo in a research note on Friday, April 24th. Roth Capital reiterated a “buy” rating and issued a $74.00 price objective on shares of Karooooo in a research report on Friday, July 17th. Raymond James Financial upped their price target on shares of Karooooo from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Finally, UBS Group restated a “buy” rating and issued a $75.00 price target on shares of Karooooo in a report on Thursday, July 16th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.50.

Hedge Funds Weigh In On Karooooo

Institutional investors have recently added to or reduced their stakes in the company. Capricorn Fund Managers Ltd raised its position 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 acquiring an additional 40,268 shares in the last quarter. Schwartz Investment Counsel Inc. raised its holdings 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 purchasing an additional 14,600 shares during the period. Two Sigma Investments LP raised its holdings in shares of Karooooo by 115.4% in the 3rd quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock valued at $4,234,000 after purchasing an additional 39,709 shares during the period. Marshall Wace LLP lifted its stake in Karooooo by 699.1% in the 2nd quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock valued at $2,723,000 after purchasing an additional 48,644 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Karooooo by 43.1% during the fourth 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 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.