Isaias Jose Calisto Sells 25,913 Shares of Karooooo (NASDAQ:KARO) Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 25,913 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $63.44, for a total value of $1,643,920.72. Following the completion of the sale, the chief executive officer owned 17,892,045 shares of the company’s stock, valued at $1,135,071,334.80. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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.

Karooooo Price Performance

Karooooo stock opened at $64.03 on Friday. The company’s fifty day moving average price is $53.10 and its 200 day moving average price is $49.97. Karooooo Ltd. has a 1 year low of $41.25 and a 1 year high of $66.19. The stock has a market capitalization of $1.98 billion, a P/E ratio of 32.50 and a beta of 0.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02.

Karooooo (NASDAQ:KARO) last issued its quarterly earnings results on Thursday, July 16th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.51 by $0.08. The company 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%. As a group, equities research analysts anticipate that Karooooo Ltd. will post 2.41 earnings per share for the current fiscal year.

Karooooo Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KARO. Wall Street Zen cut Karooooo from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Needham & Company LLC raised their target price on Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. UBS Group reaffirmed a “buy” rating and issued a $75.00 price target on shares of Karooooo in a research note on Thursday, July 16th. Raymond James Financial boosted their price target on Karooooo from $60.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Finally, Zacks Research upgraded Karooooo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Karooooo currently has a consensus rating of “Buy” and a consensus price target of $73.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Capricorn Fund Managers Ltd grew its position 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 valued at $10,833,000 after purchasing an additional 67,322 shares in the last quarter. Marshall Wace LLP lifted its position in Karooooo by 699.1% during the second quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock worth $2,723,000 after buying an additional 48,644 shares in the last quarter. Two Sigma Investments LP boosted its stake in Karooooo by 115.4% during the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock worth $4,234,000 after buying an additional 39,709 shares during the last quarter. Aurora Investment Counsel acquired a new position in Karooooo during the fourth quarter worth $1,651,000. Finally, Russell Investments Group Ltd. acquired a new position in Karooooo during the second quarter worth $1,378,000.

Karooooo Company Profile

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.