Karooooo Ltd. (NASDAQ:KARO – Get Free Report) CEO Isaias Jose Calisto sold 25,452 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $64.65, for a total value of $1,645,471.80. Following the completion of the transaction, the chief executive officer directly owned 17,794,030 shares of the company’s stock, valued at approximately $1,150,384,039.50. This trade represents a 0.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Isaias Jose Calisto also recently made the following trade(s):
- 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 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 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 stock was 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 value of $1,643,920.72.
Karooooo Trading Up 0.2%
Shares of KARO stock opened at $64.69 on Wednesday. The stock’s fifty day moving average price is $54.11 and its two-hundred day moving average price is $50.36. The company has a market cap of $2.00 billion, a PE ratio of 32.84 and a beta of 0.85. Karooooo Ltd. has a fifty-two week low of $41.25 and a fifty-two week high of $66.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02.
Karooooo Increases Dividend
The business also recently declared an annual dividend, which was paid on Monday, July 27th. Investors 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 presently 76.14%.
Institutional Trading of Karooooo
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Capricorn Fund Managers Ltd lifted its holdings in Karooooo by 16.9% during the 1st quarter. Capricorn Fund Managers Ltd now owns 278,346 shares of the company’s stock worth $13,873,000 after buying an additional 40,268 shares during the period. Schwartz Investment Counsel Inc. increased its stake in shares of Karooooo by 22.9% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 78,365 shares of the company’s stock valued at $3,566,000 after buying an additional 14,600 shares during the period. Two Sigma Investments LP raised its position in shares of Karooooo by 115.4% during the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock worth $4,234,000 after acquiring an additional 39,709 shares during the last quarter. Marshall Wace LLP raised its position in shares of Karooooo by 699.1% during the second 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. Finally, First Trust Advisors LP lifted its stake in shares of Karooooo by 43.1% in the fourth quarter. First Trust Advisors LP now owns 46,767 shares of the company’s stock worth $2,128,000 after acquiring an additional 14,078 shares during the period.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. UBS Group reissued a “buy” rating and issued a $75.00 price objective on shares of Karooooo in a research note on Thursday, July 16th. Zacks Research upgraded shares of Karooooo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Needham & Company LLC increased their price target on Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Wall Street Zen raised Karooooo from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Karooooo in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $73.50.
Read Our Latest Stock Report on KARO
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.
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