Isaias Jose Calisto Sells 12,430 Shares of Karooooo (NASDAQ:KARO) Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 12,430 shares of Karooooo stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $64.48, for a total transaction of $801,486.40. Following the transaction, the chief executive officer directly owned 17,682,907 shares in the company, valued at $1,140,193,843.36. This represents a 0.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, August 6th, Isaias Jose Calisto sold 18,849 shares of Karooooo stock. The stock was sold at an average price of $63.29, for a total transaction of $1,192,953.21.
• 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 shares were sold at an average price of $64.60, for a total transaction of $1,653,372.40.
• 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 transaction 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 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 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

NASDAQ:KARO opened at $64.81 on Monday. The stock has a 50-day moving average price of $55.14 and a 200 day moving average price of $50.75. The stock has a market capitalization of $2.00 billion, a P/E ratio of 32.90 and a beta of 0.85. Karooooo Ltd. has a 12-month low of $41.25 and a 12-month high of $67.14. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15.

Karooooo (NASDAQ:KARO) last posted its quarterly 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. Karooooo had a return on equity of 32.03% and a net margin of 17.74%.The company had revenue of $96.26 million for the quarter. Equities research analysts forecast that Karooooo Ltd. will post 2.41 EPS 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 issued a $1.50 dividend. This represents a dividend yield of 239.0%. This is a boost from Karooooo’s previous annual dividend of $1.25. The ex-dividend date of this dividend was Friday, July 17th. Karooooo’s payout ratio is presently 76.14%.

Hedge Funds Weigh In On Karooooo

A number of institutional investors and hedge funds have recently modified their holdings of the stock. DGS Capital Management LLC lifted its stake in Karooooo by 5.7% in the first quarter. DGS Capital Management LLC now owns 7,359 shares of the company’s stock worth $367,000 after purchasing an additional 398 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Karooooo by 1.4% during the first quarter. Renaissance Technologies LLC now owns 27,987 shares of the company’s stock valued at $1,395,000 after buying an additional 400 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Karooooo by 7.5% in the third quarter. Lazard Asset Management LLC now owns 6,139 shares of the company’s stock worth $351,000 after buying an additional 430 shares during the period. Bank of America Corp DE raised its holdings in shares of Karooooo by 17.2% in the second quarter. Bank of America Corp DE now owns 5,100 shares of the company’s stock worth $250,000 after buying an additional 750 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Karooooo by 22.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,195 shares of the company’s stock worth $354,000 after acquiring an additional 1,150 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Raymond James Financial raised their target price 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Karooooo in a research note on Friday, April 24th. Freedom Capital downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Wall Street Zen downgraded shares of Karooooo from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Needham & Company LLC raised their price objective on Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.50.

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.