Key Points
- Karooooo CEO Isaias Jose Calisto sold 12,430 shares at an average price of $64.48, worth approximately $801,486. He has made multiple recent sales and still directly owns 17.68 million shares.
- Karooooo reported quarterly earnings of $0.59 per share, beating estimates of $0.51, on revenue of $96.26 million. The stock opened at $63.23, with a 52-week range of $41.25 to $67.14.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $73.50; five analysts rate the stock Buy and two rate it Hold.
Karooooo Ltd. (NASDAQ:KARO - Get Free Report) CEO Isaias Jose Calisto sold 12,430 shares of the company's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $64.48, for a total value of $801,486.40. Following the completion of the transaction, the chief executive officer directly owned 17,682,907 shares of the company's stock, valued at approximately $1,140,193,843.36. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Isaias Jose Calisto also recently made the following trade(s):
- On Thursday, August 6th, Isaias Jose Calisto sold 18,849 shares of Karooooo stock. The stock was sold at an average price of $63.29, for a total value of $1,192,953.21.
- 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 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 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 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 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 transaction of $1,643,920.72.
Karooooo Price Performance
Shares of NASDAQ:KARO opened at $63.23 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a fifty day moving average price of $55.40 and a 200 day moving average price of $50.88. Karooooo Ltd. has a fifty-two week low of $41.25 and a fifty-two week high of $67.14. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 32.10 and a beta of 0.85.
Karooooo (NASDAQ:KARO - Get Free Report) last posted its earnings results on Thursday, July 16th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.08. The company had revenue of $96.26 million during the quarter. Karooooo had a net margin of 17.74% and a return on equity of 32.03%. As a group, sell-side analysts expect 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. Shareholders 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. The ex-dividend date of this dividend was Friday, July 17th. This represents a dividend yield of 239.0%. Karooooo's payout ratio is currently 76.14%.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on KARO shares. Freedom Capital cut Karooooo from a "strong-buy" rating to a "hold" rating in a report on Friday, July 17th. Weiss Ratings reissued a "buy (b-)" rating on shares of Karooooo in a research note on Friday, April 24th. Zacks Research cut Karooooo from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 5th. UBS Group reaffirmed a "buy" rating and issued a $75.00 price objective on shares of Karooooo in a research note on Thursday, July 16th. Finally, Needham & Company LLC upped their price objective on Karooooo from $60.00 to $70.00 and gave the stock 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 company. Based on data from MarketBeat.com, Karooooo presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.50.
Get Our Latest Stock Analysis on Karooooo
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC bought a new stake in shares of Karooooo in the 1st quarter worth about $1,015,000. Tudor Investment Corp ET AL grew its holdings in Karooooo by 238.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 17,917 shares of the company's stock valued at $1,023,000 after purchasing an additional 12,621 shares during the last quarter. Aurora Investment Counsel bought a new position in Karooooo during the 4th quarter valued at about $1,651,000. Bullseye Asset Management LLC raised its position in Karooooo by 101.7% in 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 during the period. Finally, Schwartz Investment Counsel Inc. raised its position in Karooooo by 22.9% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 78,365 shares of the company's stock worth $3,566,000 after purchasing an additional 14,600 shares during the period.
Karooooo Company Profile
(
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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