Isaias Jose Calisto Sells 25,594 Shares of Karooooo (NASDAQ:KARO) Stock

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

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 stock was 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 shares were 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 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 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 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 stock was 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 1.8%

KARO stock opened at $64.81 on Friday. The firm has a fifty day moving average price of $55.14 and a 200 day moving average price of $50.72. Karooooo Ltd. has a fifty-two week low of $41.25 and a fifty-two week high of $67.14. 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 market cap of $2.00 billion, a PE ratio of 32.90 and a beta of 0.85.

Karooooo (NASDAQ:KARO) last announced its quarterly earnings results on Thursday, July 16th. The company reported $0.59 earnings per share for the quarter, topping 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 company had revenue of $96.26 million for the quarter. Sell-side analysts anticipate that Karooooo Ltd. will post 2.41 earnings per share for the current fiscal year.

Karooooo Increases Dividend

The firm also recently announced an annual dividend, which was paid on Monday, July 27th. Stockholders of record on Friday, July 17th were given a dividend of $1.50 per share. The ex-dividend date was Friday, July 17th. This represents a dividend yield of 239.0%. This is a positive change from Karooooo’s previous annual dividend of $1.25. Karooooo’s dividend payout ratio is currently 76.14%.

Analyst Ratings Changes

Several equities research analysts have weighed in on KARO shares. Roth Capital reissued a “buy” rating and set a $74.00 price objective on shares of Karooooo in a research note on Friday, July 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Karooooo in a report on Friday, April 24th. Zacks Research lowered Karooooo from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Raymond James Financial raised their price target on Karooooo from $60.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Finally, UBS Group reaffirmed a “buy” rating and set a $75.00 price objective on shares of Karooooo in a research note on Thursday, July 16th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Karooooo currently has an average rating of “Moderate Buy” and a consensus price target of $73.50.

Institutional Investors Weigh In On Karooooo

Several hedge funds and other institutional investors have recently modified their holdings of KARO. Marshall Wace LLP lifted its stake in shares of Karooooo by 699.1% during the 2nd quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock worth $2,723,000 after acquiring an additional 48,644 shares during the last quarter. Capricorn Fund Managers Ltd grew its position in Karooooo by 16.9% in the 1st quarter. Capricorn Fund Managers Ltd now owns 278,346 shares of the company’s stock valued at $13,873,000 after acquiring an additional 40,268 shares during the last quarter. Two Sigma Investments LP increased its stake in Karooooo by 115.4% in the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock worth $4,234,000 after purchasing an additional 39,709 shares during the period. Aurora Investment Counsel bought a new stake in shares of Karooooo during the fourth quarter worth $1,651,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Karooooo during the second quarter worth $1,378,000.

Karooooo News Roundup

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.

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.