Karooooo Ltd. (NASDAQ:KARO - Get Free Report) CEO Isaias Jose Calisto sold 20,417 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $64.51, for a total value of $1,317,100.67. Following the sale, the chief executive officer directly owned 17,773,613 shares in the company, valued at $1,146,575,774.63. This trade represents a 0.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Isaias Jose Calisto also recently made the following trade(s):
- 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 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 shares were sold at an average price of $63.44, for a total value of $1,643,920.72.
Karooooo Trading Up 0.2%
NASDAQ:KARO opened at $64.69 on Wednesday. Karooooo Ltd. has a 52-week low of $41.25 and a 52-week high of $66.23. 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 stock has a fifty day simple moving average of $54.11 and a 200-day simple moving average of $50.36. The company has a market capitalization of $2.00 billion, a PE ratio of 32.84 and a beta of 0.85.
Karooooo (NASDAQ:KARO - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates 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. On average, equities research analysts expect that Karooooo Ltd. will post 2.41 earnings per share for the current fiscal year.
Karooooo Increases Dividend
The firm also recently declared an annual dividend, which was paid on Monday, July 27th. Stockholders of record on Friday, July 17th were given a $1.50 dividend. 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 currently 76.14%.
Analysts Set New Price Targets
KARO has been the subject of several research reports. Roth Capital restated a "buy" rating and set a $74.00 price objective 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 report on Saturday. Weiss Ratings reissued a "buy (b-)" rating on shares of Karooooo in a research report on Friday, April 24th. Needham & Company LLC boosted their price target on Karooooo from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Finally, UBS Group restated a "buy" rating and issued a $75.00 price objective on shares of Karooooo in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $73.50.
Get Our Latest Analysis on KARO
Institutional Trading of Karooooo
Several institutional investors have recently made changes to their positions in KARO. Fideuram Asset Management Ireland dac purchased a new stake in Karooooo during the fourth quarter valued at about $80,000. Royal Bank of Canada grew its stake in Karooooo by 852.9% during 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 period. Quantbot Technologies LP acquired a new stake in shares of Karooooo in the second quarter worth $156,000. New York State Common Retirement Fund increased its position 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 worth $160,000 after acquiring an additional 2,682 shares in the last quarter. Finally, State of Tennessee Department of Treasury purchased a new position in shares of Karooooo in the 2nd quarter valued at $214,000.
About Karooooo
(
Get Free Report)
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.
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