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

Karooooo Ltd. (NASDAQ:KARO) CEO Isaias Jose Calisto sold 33,833 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $66.14, for a total value of $2,237,714.62. Following the sale, the chief executive officer directly owned 17,714,186 shares of the company’s stock, valued at $1,171,616,262.04. This represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 value 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 shares were 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 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 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 transaction of $1,643,920.72.

Karooooo Price Performance

NASDAQ:KARO opened at $63.65 on Friday. The stock’s 50 day moving average price is $54.80 and its two-hundred day moving average price is $50.62. Karooooo Ltd. has a 12-month low of $41.25 and a 12-month high of $67.14. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 32.31 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 (NASDAQ:KARO) last announced its quarterly earnings results on Thursday, July 16th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that Karooooo Ltd. will post 2.41 earnings per share for the current year.

Karooooo Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, July 27th. Stockholders of record on Friday, July 17th were issued 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 is presently 76.14%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on KARO shares. UBS Group reissued a “buy” rating and set a $75.00 price target on shares of Karooooo in a report on Thursday, July 16th. Roth Capital reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Karooooo in a report on Friday, July 17th. Needham & Company LLC increased their price objective on Karooooo from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded shares of Karooooo from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Freedom Capital downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.50.

Karooooo News Roundup

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 Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Karooooo by 9.5% during the 1st quarter. Bank of America Corp DE now owns 8,798 shares of the company’s stock worth $438,000 after acquiring an additional 764 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Karooooo during the first quarter valued at $1,015,000. Renaissance Technologies LLC raised 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 acquiring an additional 400 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Karooooo by 35.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 19,259 shares of the company’s stock valued at $960,000 after acquiring an additional 4,999 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Karooooo during the first quarter worth $296,000.

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.