Karooooo (NASDAQ:KARO) CEO Sells $1,317,100.67 in Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 20,417 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were 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 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 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 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 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 transaction 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 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 stock was 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 $63.65 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average price is $54.80 and its two-hundred day moving average price is $50.62. The company has a market cap of $1.97 billion, a PE ratio of 32.31 and a beta of 0.85. Karooooo Ltd. has a twelve month low of $41.25 and a twelve month high of $67.14.

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

Karooooo Increases Dividend

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

Trending Headlines about Karooooo

Here are the key news stories impacting Karooooo this week:

• Positive Sentiment: Karooooo’s latest quarterly results showed adjusted strength: EPS of $0.59 exceeded the $0.51 consensus estimate, while revenue reached $96.26 million. Analysts expect approximately $2.41 in full-year EPS, supporting the company’s premium valuation. Karooooo stock and earnings information
• Positive Sentiment: The company raised its annual dividend to $1.50 from $1.25. Although the payout ratio is relatively high, the increase may reinforce investor confidence in Karooooo’s cash generation and shareholder returns.
• Positive Sentiment: Analyst sentiment remains favorable. The consensus rating is “Buy,” with an average price target of $73.50, above recent trading levels. Roth Capital, Needham and UBS have maintained or issued buy ratings with targets ranging from $70 to $75.
• Neutral Sentiment: Three AAII articles compare Karooooo with Appian, Adeia and ACI Worldwide as potential investments. These are comparative screening pieces rather than company-specific developments, so they may have limited immediate impact on KARO. Appian versus Karooooo comparison Adeia versus Karooooo comparison ACI Worldwide versus Karooooo comparison
• Negative Sentiment: CEO Isaias Jose Calisto sold a combined 79,944 shares on August 4 and 5 for approximately $3.89 million, following additional sales on August 3 and in late July. The transactions reduced his ownership only marginally—less than 0.2% in each reported sale—but the repeated insider selling near the stock’s highs can raise concerns about valuation or near-term upside.

Institutional Investors Weigh In On Karooooo

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capricorn Fund Managers Ltd grew its position in Karooooo by 39.4% during the fourth 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 in the last quarter. Tudor Investment Corp ET AL raised its holdings in Karooooo by 238.3% in the 3rd 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. Lazard Asset Management LLC bought a new stake in shares of Karooooo during the 1st quarter valued at $1,015,000. Aurora Investment Counsel bought a new stake in shares of Karooooo during the 4th quarter valued at $1,651,000. Finally, Bullseye Asset Management LLC grew its holdings in shares of Karooooo by 101.7% during the 4th quarter. Bullseye Asset Management LLC now owns 32,129 shares of the company’s stock worth $1,461,000 after purchasing an additional 16,200 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KARO shares. Raymond James Financial increased 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Karooooo in a research report on Friday, April 24th. UBS Group reissued a “buy” rating and set a $75.00 price target on shares of Karooooo in a report on Thursday, July 16th. Wall Street Zen upgraded Karooooo from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Roth Capital reiterated a “buy” rating and set a $74.00 price objective on shares of Karooooo in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $73.50.

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.