Karooooo (NASDAQ:KARO) CEO Isaias Jose Calisto Sells 20,417 Shares of Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 20,417 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $64.51, for a total value of $1,317,100.67. Following the completion of the transaction, the chief executive officer owned 17,773,613 shares of the company’s stock, valued at approximately $1,146,575,774.63. This represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 shares were sold at an average price of $63.47, for a total value of $1,182,446.10.
• On Wednesday, July 29th, Isaias Jose Calisto sold 31,897 shares of Karooooo stock. The stock was 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 transaction 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 transaction of $1,643,920.72.

Karooooo Stock Performance

NASDAQ KARO opened at $64.55 on Tuesday. Karooooo Ltd. has a 1 year low of $41.25 and a 1 year high of $66.23. 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 $1.99 billion, a PE ratio of 32.77 and a beta of 0.85. The company’s 50 day simple moving average is $53.78 and its two-hundred day simple moving average is $50.22.

Karooooo (NASDAQ:KARO) last released its quarterly earnings results on Thursday, July 16th. The company reported $0.59 EPS for the quarter, beating 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%. Analysts predict that Karooooo Ltd. will post 2.41 earnings per share for the current fiscal year.

Karooooo Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on KARO. Weiss Ratings reissued a “buy (b-)” rating on shares of Karooooo in a report on Friday, April 24th. Wall Street Zen upgraded shares of Karooooo from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research upgraded shares of Karooooo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Raymond James Financial upped their price objective on shares of Karooooo from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Finally, Freedom Capital lowered shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Karooooo has an average rating of “Buy” and a consensus target price of $73.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Capricorn Fund Managers Ltd lifted its holdings in Karooooo by 39.4% in the 4th 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 period. Tudor Investment Corp ET AL raised 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 acquiring an additional 12,621 shares in the last quarter. Aurora Investment Counsel purchased a new stake in Karooooo in the fourth quarter worth $1,651,000. Bullseye Asset Management LLC boosted its holdings in Karooooo by 101.7% in the fourth 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 in the last quarter. Finally, Schwartz Investment Counsel Inc. increased its position in Karooooo by 22.9% during 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.

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.