Isaias Jose Calisto Sells 33,833 Shares of Karooooo (NASDAQ:KARO) Stock

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 33,833 shares of Karooooo stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $66.14, for a total transaction of $2,237,714.62. Following the completion of the transaction, the chief executive officer directly owned 17,714,186 shares in the company, valued at approximately $1,171,616,262.04. This represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• 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 transaction 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 transaction 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 shares were 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 Price Performance

NASDAQ KARO opened at $64.81 on Friday. The stock has a 50-day simple moving average of $55.14 and a 200 day simple moving average of $50.72. Karooooo Ltd. has a twelve month low of $41.25 and a twelve month high of $67.14. The stock has a market capitalization of $2.00 billion, a PE ratio of 32.90 and a beta of 0.85. 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 released its earnings results 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. The firm had revenue of $96.26 million for the quarter. Karooooo had a return on equity of 32.03% and a net margin of 17.74%. Research analysts anticipate 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 paid a $1.50 dividend. The ex-dividend date was Friday, July 17th. This is a positive change from Karooooo’s previous annual dividend of $1.25. This represents a dividend yield of 239.0%. Karooooo’s dividend payout ratio is 76.14%.

Key Headlines Impacting Karooooo

Here are the key news stories impacting Karooooo this week:

• Positive Sentiment: Karooooo’s latest quarterly results were better than expected: earnings per share came in at $0.59 versus the $0.51 consensus estimate, while revenue reached $96.26 million. Analysts forecast approximately $2.41 in full-year EPS, supporting the company’s growth outlook and premium valuation. Karooooo earnings and stock information
• Positive Sentiment: The company increased its annual dividend to $1.50 per share from $1.25. The boost signals confidence in cash generation and may provide additional support for investor sentiment, although the reported payout ratio is relatively high.
• Positive Sentiment: Institutional ownership trends were generally favorable in the first quarter, with Arrowstreet Capital increasing its position by 35.1%, while Bank of America and Renaissance Technologies also added shares. Lazard Asset Management initiated a new position.
• Neutral Sentiment: AAII published comparison articles evaluating Karooooo against Appian, Adeia and ACI Worldwide. These are broad investment-screening pieces rather than company-specific developments and are unlikely to materially affect KARO immediately. Appian versus Karooooo comparison
• Negative Sentiment: CEO Isaias Jose Calisto sold 25,594 shares for about $1.65 million on August 4 and another 33,833 shares for approximately $2.24 million on August 5. He has also made repeated sales since late July. Although the transactions reduced his ownership only marginally, continued selling near recent highs may raise valuation and near-term upside concerns. Karooooo CEO insider sale
• Negative Sentiment: Zacks Research downgraded Karooooo from “strong buy” to “hold,” potentially limiting enthusiasm despite the company’s favorable earnings performance and broader analyst consensus.

Analyst Ratings Changes

Several research analysts have recently issued reports on KARO shares. Zacks Research downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Freedom Capital cut shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. 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. Wall Street Zen upgraded Karooooo from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Needham & Company LLC upped their price target on Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.50.

Institutional Trading of Karooooo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fideuram Asset Management Ireland dac acquired a new position in Karooooo in the fourth quarter worth about $80,000. Royal Bank of Canada grew its stake in shares of Karooooo by 852.9% in the 4th quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock valued at $135,000 after purchasing an additional 2,644 shares during the period. Quantbot Technologies LP bought a new stake in shares of Karooooo in the 2nd quarter valued at approximately $156,000. New York State Common Retirement Fund raised its holdings in shares of Karooooo by 465.6% in the 2nd quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock worth $160,000 after buying an additional 2,682 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new position in shares of Karooooo in the 2nd quarter worth approximately $214,000.

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.