Karooooo Ltd. (NASDAQ:KARO – Get Free Report) CEO Isaias Jose Calisto sold 33,833 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $66.14, for a total transaction of $2,237,714.62. Following the completion of the transaction, the chief executive officer directly owned 17,714,186 shares in the company, valued at approximately $1,171,616,262.04. This represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
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 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 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 stock was sold at an average price of $63.44, for a total transaction of $1,643,920.72.
Karooooo Stock Performance
NASDAQ KARO opened at $65.91 on Thursday. Karooooo Ltd. has a 12-month low of $41.25 and a 12-month high of $67.14. The firm has a 50-day moving average price of $54.48 and a two-hundred day moving average price of $50.50. The company has a market capitalization of $2.04 billion, a P/E ratio of 33.46 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 Increases Dividend
The company also recently declared 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. 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%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of Karooooo during the 4th quarter valued at $80,000. Royal Bank of Canada increased its holdings in Karooooo by 852.9% in the 4th quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock worth $135,000 after purchasing an additional 2,644 shares in the last quarter. Quantbot Technologies LP acquired a new position in Karooooo in the 2nd quarter worth about $156,000. New York State Common Retirement Fund raised its position in Karooooo by 465.6% in the second quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock valued at $160,000 after purchasing an additional 2,682 shares during the last quarter. Finally, State of Tennessee Department of Treasury bought a new position in Karooooo in the second quarter valued at about $214,000.
Analyst Ratings Changes
Several research analysts have commented on KARO shares. Weiss Ratings restated a “buy (b-)” rating on shares of Karooooo in a research report on Friday, April 24th. UBS Group reiterated a “buy” rating and issued a $75.00 price target on shares of Karooooo in a research note on Thursday, July 16th. Wall Street Zen upgraded Karooooo from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Roth Capital reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Karooooo in a research note on Friday, July 17th. Finally, Zacks Research raised Karooooo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $73.50.
Get Our Latest Stock Report on KARO
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.
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