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S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Profit From the Commercial Solar Boom? (Ad)
Bed Bath & Beyond Is Circling the Drain
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Profit From the Commercial Solar Boom? (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Institutions are Buying up Procter & Gamble Shares, Should you?
Has The Salesforce Turnaround Begun?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Profit From the Commercial Solar Boom? (Ad)
Bed Bath & Beyond Is Circling the Drain
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Profit From the Commercial Solar Boom? (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Institutions are Buying up Procter & Gamble Shares, Should you?
Has The Salesforce Turnaround Begun?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Profit From the Commercial Solar Boom? (Ad)
Bed Bath & Beyond Is Circling the Drain
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Profit From the Commercial Solar Boom? (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Institutions are Buying up Procter & Gamble Shares, Should you?
Has The Salesforce Turnaround Begun?
NASDAQ:KARO

Karooooo - KARO Stock Forecast, Price & News

$25.98
+0.68 (+2.69%)
(As of 02/1/2023 12:00 AM ET)
Add
Compare
Today's Range
$24.71
$26.01
50-Day Range
$22.64
$26.19
52-Week Range
$20.00
$36.00
Volume
294,650 shs
Average Volume
34,210 shs
Market Capitalization
$555.45 million
P/E Ratio
23.83
Dividend Yield
9.49%
Price Target
$34.50

Karooooo MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
32.8% Upside
$34.50 Price Target
Short Interest
Healthy
0.08% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
12.39%
From $1.13 to $1.27 Per Share

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 stars

Computer And Technology Sector

47th out of 630 stocks

Prepackaged Software Industry

9th out of 218 stocks


KARO stock logo

About Karooooo (NASDAQ:KARO) Stock

Karooooo 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.

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KARO Stock News Headlines

Karooooo (NASDAQ:KARO) Shares Up 10.6%
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.
Karooooo (KARO) Gets a Buy from Morgan Stanley
Stifel Nicolaus Downgrades Karooooo (NASDAQ:KARO) to Hold
Karooooo (KARO) was downgraded to a Hold Rating at Stifel Nicolaus
Karooooo Ltd. (KARO) Q3 2023 Earnings Call Transcript
The Biggest "Missing Ingredient" in the $7 Trillion EV Market
China 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.
Karooooo’s revenue up 29% with record cash generation
Karooooo Seeks Southeast Asia Opportunity As Margins Drop
Is Karooooo Ltd. (KARO) a Smart Value Investment?
Karooooo Ltd. (KARO)
See More Headlines
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KARO Company Calendar

Today
2/02/2023
Fiscal Year End
2/28/2023
Next Earnings (Estimated)
4/26/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:KARO
Fax
N/A
Employees
3,508
Year Founded
N/A

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$30.33 million
Pretax Margin
24.05%

Debt

Sales & Book Value

Annual Sales
$185.21 million
Cash Flow
$3.15 per share
Book Value
$6.44 per share

Miscellaneous

Free Float
5,403,000
Market Cap
$555.45 million
Optionable
Not Optionable
Beta
1.32

Key Executives

  • Mr. Isaias Jose Calisto (Age 56)
    Founder, CEO & Exec. Chairman
  • Ms. Hoeshin Goy
    CFO & Exec. Director
  • Mr. 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













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