Isaias Jose Calisto Sells 25,594 Shares of Karooooo (NASDAQ:KARO) Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 25,594 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $64.60, for a total transaction of $1,653,372.40. Following the transaction, the chief executive officer directly owned 17,748,019 shares in the company, valued at approximately $1,146,522,027.40. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 value of $2,237,714.62.
• On Monday, August 3rd, Isaias Jose Calisto sold 20,417 shares of Karooooo stock. The stock was 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 stock was 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 value 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 value 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 value 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 value of $1,643,920.72.

Karooooo Stock Performance

Shares of Karooooo stock opened at $65.91 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average price is $54.48 and its 200-day moving average price is $50.50. The firm has a market cap of $2.04 billion, a P/E ratio of 33.46 and a beta of 0.85. Karooooo Ltd. has a 12 month low of $41.25 and a 12 month high of $67.14.

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

Karooooo Increases Dividend

The firm also recently announced 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 positive change from Karooooo’s previous annual dividend of $1.25. The ex-dividend date was Friday, July 17th. This represents a yield of 239.0%. Karooooo’s dividend payout ratio (DPR) is presently 76.14%.

Wall Street Analyst Weigh In

A number of research firms have commented on KARO. Raymond James Financial increased their price target on Karooooo from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Needham & Company LLC boosted their price target on Karooooo from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded shares of Karooooo from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Freedom Capital cut shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Finally, Roth Capital reissued a “buy” rating and set a $74.00 target price on shares of Karooooo in a research report on Friday, July 17th. 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 presently has an average rating of “Buy” and a consensus price target of $73.50.

Institutional Trading of Karooooo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its stake in Karooooo by 699.1% during the 2nd quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock valued at $2,723,000 after acquiring an additional 48,644 shares during the period. Capricorn Fund Managers Ltd increased its stake in shares of Karooooo by 16.9% in 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 during the period. Two Sigma Investments LP increased its stake in shares of Karooooo by 115.4% in the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock worth $4,234,000 after acquiring an additional 39,709 shares during the period. Aurora Investment Counsel purchased a new position in shares of Karooooo during the fourth quarter worth $1,651,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Karooooo during the second quarter worth $1,378,000.

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.