Insider Selling: Karooooo (NASDAQ:KARO) CEO Sells $1,653,372.40 in Stock

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

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 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 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 transaction of $1,643,920.72.

Karooooo Stock Performance

KARO stock opened at $64.81 on Friday. The company has a 50-day simple moving average of $55.14 and a 200 day simple moving average of $50.72. The company has a market capitalization of $2.00 billion, a P/E ratio of 32.90 and a beta of 0.85. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Karooooo Ltd. has a fifty-two week low of $41.25 and a fifty-two week high of $67.14.

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

Karooooo Increases Dividend

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

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 bought a new stake in Karooooo during the fourth quarter worth approximately $80,000. Royal Bank of Canada grew its position in Karooooo by 852.9% in the fourth quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock worth $135,000 after buying an additional 2,644 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Karooooo in the second quarter valued at $156,000. New York State Common Retirement Fund increased its holdings in shares of Karooooo by 465.6% in the second quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock valued at $160,000 after buying an additional 2,682 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new stake in shares of Karooooo during the 2nd quarter valued at $214,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KARO shares. Weiss Ratings restated a “buy (b-)” rating on shares of Karooooo in a research report on Friday, April 24th. Needham & Company LLC lifted their price target on Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Wall Street Zen downgraded Karooooo from a “buy” rating to a “hold” rating in a research note on Sunday. Zacks Research lowered Karooooo from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Roth Capital reaffirmed a “buy” rating and set a $74.00 target price on shares of Karooooo in a research note on Friday, July 17th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.50.

Trending Headlines about 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.

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.