NASDAQ:KARO Karooooo - KARO Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Karooooo Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. $25.98 +0.68 (+2.69%) (As of 02/1/2023 12:00 AM ET) Add Compare Share Share Today's Range$24.71▼$26.0150-Day Range$22.64▼$26.1952-Week Range$20.00▼$36.00Volume294,650 shsAverage Volume34,210 shsMarket Capitalization$555.45 millionP/E Ratio23.83Dividend Yield9.49%Price Target$34.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Karooooo MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside32.8% Upside$34.50 Price TargetShort InterestHealthy0.08% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth12.39%From $1.13 to $1.27 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.85 out of 5 starsComputer And Technology Sector47th out of 630 stocksPrepackaged Software Industry9th out of 218 stocks 3.3 Analyst's Opinion Consensus RatingKarooooo has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $34.50, Karooooo has a forecasted upside of 32.8% from its current price of $25.98.Amount of Analyst CoverageKarooooo has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.08% of the float of Karooooo has been sold short.Short Interest Ratio / Days to CoverKarooooo has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Karooooo has recently decreased by 26.58%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipKarooooo is a leading dividend payer. It pays a dividend yield of 9.49%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthKarooooo does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Karooooo is 220.18%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Karooooo will have a dividend payout ratio of 188.98% in the coming year. This indicates that Karooooo may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for KARO. Previous Next 2.3 News and Social Media Coverage News SentimentKarooooo has a news sentiment score of 0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for Karooooo this week, compared to 0 articles on an average week.MarketBeat Follows4 people have added Karooooo to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Karooooo insiders have not sold or bought any company stock.Percentage Held by Insiders74.73% of the stock of Karooooo is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 14.85% of the stock of Karooooo is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Karooooo are expected to grow by 12.39% in the coming year, from $1.13 to $1.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Karooooo is 23.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.23.Price to Earnings Ratio vs. SectorThe P/E ratio of Karooooo is 23.83, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 337.72.Price to Book Value per Share RatioKarooooo has a P/B Ratio of 4.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Karooooo (NASDAQ:KARO) StockKarooooo Ltd. provides mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States. The company offers Fleet Telematics, a fleet management SaaS platform that provides real-time insights; LiveVision, which offers pro-active risk management and fleet visibility; MiFleet advanced fleet administration and business intelligence that provides cost management and administration capability services; and Karooooo Logistics, a software application for management of last mile delivery and general operational logistics. It also provides Cartrack Field Service, a software application for management of field and on site workers; Business Intelligence for high-level view of fleet statistics; asset tracking for tracking and tracing moveable assets; asset recovery services that assists vehicle owners and insurance companies with the recovery of vehicles and other assets; and insurance telematics that allows insurers to tailor premiums for commercial and consumer customers using analytics; Protector, a safety package for consumer vehicles; and Car Watch, a mobile application that lets users track and watch their vehicles. In addition, the company offers specialist mobility solutions that include Bike Track, a GPS-based solution for commercial motorbike fleets; Credit Management that predicts payment cycles and facilitate active credit management for asset-based vehicle finance; electronic monitoring services application that allows law enforcement agencies to monitor persons of interest; and mobility and monitoring solutions, such as Carzuka, cartrack insurance agency, and on-demand rideshare taxi application, as well as smart IoT products. It provides its solutions through direct sales force to consumers and sole proprietors, small and medium-sized businesses, large enterprises, and other connected devices. Karooooo Ltd. was founded in 2001 and is headquartered in Singapore.Read More Receive KARO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Karooooo and its competitors with MarketBeat's FREE daily newsletter. Email Address KARO Stock News HeadlinesJanuary 28, 2023 | americanbankingnews.comKarooooo (NASDAQ:KARO) Shares Up 10.6%January 26, 2023 | americanbankingnews.comMorgan Stanley Lowers Karooooo (NASDAQ:KARO) Price Target to $37.00February 2, 2023 | Investing Trends (Ad)Solar Industry at Start of Long Bull Run?The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.January 24, 2023 | markets.businessinsider.comKarooooo (KARO) Gets a Buy from Morgan StanleyJanuary 23, 2023 | americanbankingnews.comStifel Nicolaus Downgrades Karooooo (NASDAQ:KARO) to HoldJanuary 21, 2023 | markets.businessinsider.comKarooooo (KARO) was downgraded to a Hold Rating at Stifel NicolausJanuary 21, 2023 | benzinga.comKarooooo's revenue up 29% with record cash generationJanuary 20, 2023 | seekingalpha.comKarooooo Ltd. (KARO) Q3 2023 Earnings Call TranscriptFebruary 2, 2023 | Investing Trends (Ad)The Biggest "Missing Ingredient" in the $7 Trillion EV MarketChina has owned the graphite market for decades. But the U.S. just added graphite to a list of super-critical minerals... "essential for America's National Defense." Perfect timing for a "made in America" graphite company looking to mine, manufacture, and recycle graphite for the booming electric car market.January 20, 2023 | msn.comKarooooo GAAP EPS of ZAR4.70, revenue of ZAR930MJanuary 19, 2023 | finance.yahoo.comKarooooo’s revenue up 29% with record cash generationJanuary 3, 2023 | finance.yahoo.comKarooooo Ltd. (KARO) Stock Historical Prices & Data - Yahoo FinanceDecember 13, 2022 | seekingalpha.comKarooooo Seeks Southeast Asia Opportunity As Margins DropDecember 3, 2022 | finance.yahoo.comAre Investors Undervaluing Karooooo Ltd. (NASDAQ:KARO) By 37%?November 21, 2022 | finance.yahoo.comShould You Still Consider Investing in Karooooo Ltd. (KARO)?November 16, 2022 | finance.yahoo.comKarooooo (NASDAQ:KARO) investors are sitting on a loss of 30% if they invested a year agoNovember 15, 2022 | finance.yahoo.comIs Karooooo Ltd. (KARO) a Smart Value Investment?October 31, 2022 | finance.yahoo.comKarooooo Ltd.'s (NASDAQ:KARO) CEO Isaias Jose Calisto is the most upbeat insider, and their holdings increased by 11% last weekOctober 15, 2022 | markets.businessinsider.comDomino's Pizza To Rally 20%? Here Are 5 Other Price Target Changes For FridayOctober 14, 2022 | finance.yahoo.comKarooooo (NASDAQ:KARO) Might Be Having Difficulty Using Its Capital EffectivelyOctober 13, 2022 | msn.comJSE opens to markets bracing for latest US inflation dataOctober 12, 2022 | finance.yahoo.comKarooooo momentum continues to drive shareholder value with record revenue and EPS up 28%October 12, 2022 | msn.comJSE faces uphill battle as global markets digest IMF outlookOctober 6, 2022 | finance.yahoo.comHere’s Why Polen Capital Remains Very Impressed with Karooooo Ltd. (KARO)October 4, 2022 | finance.yahoo.comKarooooo Ltd. (KARO)October 3, 2022 | finance.yahoo.comHere’s What Makes Karooooo Ltd. (KARO) an Impressive InvestmentSeptember 28, 2022 | nasdaq.comCognyte Software Ltd. (CGNT) Reports Q2 Loss, Lags Revenue EstimatesSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive KARO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Karooooo and its competitors with MarketBeat's FREE daily newsletter. Email Address KARO Company Calendar Today2/02/2023Fiscal Year End2/28/2023Next Earnings (Estimated)4/26/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:KARO CUSIPN/A CIK1828102 Webwww.karooooo.com Phone65-6255-4151FaxN/AEmployees3,508Year FoundedN/APrice Target and Rating Average Stock Price Forecast$34.50 High Stock Price Forecast$45.00 Low Stock Price Forecast$26.00 Forecasted Upside/Downside+32.8%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$1.09 Trailing P/E Ratio23.83 Forward P/E Ratio22.99 P/E GrowthN/ANet Income$30.33 million Net Margins16.45% Pretax Margin24.05% Return on Equity23.94% Return on Assets16.46% Debt Debt-to-Equity Ratio0.04 Current Ratio1.67 Quick Ratio1.56 Sales & Book Value Annual Sales$185.21 million Price / Sales3.00 Cash Flow$3.15 per share Price / Cash Flow8.25 Book Value$6.44 per share Price / Book4.03Miscellaneous Outstanding Shares21,380,000Free Float5,403,000Market Cap$555.45 million OptionableNot Optionable Beta1.32 Key ExecutivesMr. Isaias Jose Calisto (Age 56)Founder, CEO & Exec. Chairman Ms. Hoeshin GoyCFO & Exec. DirectorMr. Richard J. Schubert (Age 49)Chief Operating Officer Mr. Pedro Ventura (Age 34)Chief Technology Officer Mr. Juan Marais (Age 54)Chief Sales Officer Ms. Carmen Calisto (Age 25)Chief Strategy & Marketing Officer More ExecutivesKey CompetitorsAmerican SoftwareNASDAQ:AMSWADomoNASDAQ:DOMOCS DiscoNYSE:LAWBandwidthNASDAQ:BANDMaterialiseNASDAQ:MTLSView All CompetitorsInsiders & InstitutionsVaughan Nelson Investment Management L.P.Bought 3,510 shares on 1/31/2023Ownership: 0.044%Mitsubishi UFJ Trust & Banking CorpBought 130,221 shares on 11/10/2022Ownership: 0.609%Schwarz Dygos Wheeler Investment Advisors LLCSold 932 shares on 11/4/2022Ownership: 0.860%Polen Capital Management LLCSold 670 shares on 11/4/2022Ownership: 0.203%Ronit Capital LLPBought 2,582 shares on 11/4/2022Ownership: 0.012%View All Institutional Transactions KARO Stock - Frequently Asked Questions Should I buy or sell Karooooo stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Karooooo in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" KARO shares. View KARO analyst ratings or view top-rated stocks. What is Karooooo's stock price forecast for 2023? 3 Wall Street analysts have issued 12 month target prices for Karooooo's stock. Their KARO share price forecasts range from $26.00 to $45.00. On average, they expect the company's share price to reach $34.50 in the next year. This suggests a possible upside of 32.8% from the stock's current price. View analysts price targets for KARO or view top-rated stocks among Wall Street analysts. How have KARO shares performed in 2023? Karooooo's stock was trading at $23.30 at the beginning of the year. Since then, KARO stock has increased by 11.5% and is now trading at $25.98. View the best growth stocks for 2023 here. When is Karooooo's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023. View our KARO earnings forecast. How often does Karooooo pay dividends? What is the dividend yield for Karooooo? Karooooo announced a quarterly dividend on Wednesday, April 27th. Stockholders of record on Friday, September 2nd will be given a dividend of $0.60 per share on Monday, September 12th. This represents a $2.40 annualized dividend and a dividend yield of 9.24%. The ex-dividend date of this dividend is Thursday, September 1st. Read our dividend analysis for KARO. Is Karooooo a good dividend stock? Karooooo (NASDAQ:KARO) pays an annual dividend of $2.40 per share and currently has a dividend yield of 9.49%. KARO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 220.18%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, KARO will have a dividend payout ratio of 188.98% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for KARO. When did Karooooo IPO? (KARO) raised $190 million in an initial public offering on Thursday, April 1st 2021. The company issued 4,000,000 shares at a price of $47.52 per share. Morgan Stanley, BofA Securities and William Blair acted as the underwriters for the IPO. What is Karooooo's stock symbol? Karooooo trades on the NASDAQ under the ticker symbol "KARO." Who are Karooooo's major shareholders? Karooooo's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (0.04%). How do I buy shares of Karooooo? Shares of KARO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Karooooo's stock price today? One share of KARO stock can currently be purchased for approximately $25.98. How much money does Karooooo make? Karooooo (NASDAQ:KARO) has a market capitalization of $555.45 million and generates $185.21 million in revenue each year. The company earns $30.33 million in net income (profit) each year or $1.09 on an earnings per share basis. How many employees does Karooooo have? The company employs 3,508 workers across the globe. How can I contact Karooooo? Karooooo's mailing address is 10 Anson Road 12-14 International Plaza, Singapore U0, 079903. The official website for the company is www.karooooo.com. The company can be reached via phone at 65-6255-4151 or via email at ir@karooooo.com. This page (NASDAQ:KARO) was last updated on 2/2/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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