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NIO   3.70 (-2.63%)
BABA   69.72 (+0.94%)
T   16.65 (+0.85%)
F   12.18 (+0.33%)
MU   108.00 (+1.15%)
GE   148.50 (+0.30%)
CGC   8.21 (+3.53%)
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AMC   3.25 (+2.85%)
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PYPL   63.02 (+1.14%)
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NASDAQ:KARO

Karooooo (KARO) Stock Price, News & Analysis

$27.09
0.00 (0.00%)
(As of 04/19/2024 06:55 PM ET)
Today's Range
$27.00
$27.10
50-Day Range
$24.21
$27.09
52-Week Range
$18.59
$27.10
Volume
3,300 shs
Average Volume
7,104 shs
Market Capitalization
N/A
P/E Ratio
22.96
Dividend Yield
3.14%
Price Target
$30.00

Karooooo MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
10.7% Upside
$30.00 Price Target
Short Interest
Healthy
0.15% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
15.70%
From $1.21 to $1.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.61 out of 5 stars

KARO stock logo

About Karooooo Stock (NASDAQ:KARO)

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 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.

KARO Stock Price History

KARO Stock News Headlines

Karooooo Ltd. (NASDAQ:KARO) Short Interest Down 14.5% in March
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
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Karooooo Ltd (KARO)
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Is Karooooo Ltd. (NASDAQ:KARO) Potentially Undervalued?
Karooooo to buyback 1M shares
Karooooo Share Repurchase
Q3 2024 Karooooo Ltd Earnings Call
Karooooo reports Q3 earnings
BRIEF-Karooooo Reaffirms FY 2024 Outlook
Recap: Karooooo Q3 Earnings
Karooooo Ltd KARO
See More Headlines
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Company Calendar

Today
4/22/2024
Next Earnings (Estimated)
5/13/2024
Fiscal Year End
2/28/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:KARO
Fax
N/A
Employees
4,039
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$30.00
High Stock Price Target
$31.00
Low Stock Price Target
$29.00
Potential Upside/Downside
+10.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$35.89 million
Pretax Margin
25.10%

Debt

Sales & Book Value

Annual Sales
$210.59 million
Cash Flow
$3.21 per share
Book Value
$7.57 per share

Miscellaneous

Free Float
N/A
Optionable
Not Optionable
Beta
1.15
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Key Executives

  • Mr. Isaias Jose Calisto (Age 58)
    Founder, CEO & Executive Chairman
  • Ms. Hoe Shin Goy (Age 44)
    CFO & Executive Director
  • Mr. Richard J. Schubert (Age 51)
    Chief Operating Officer
  • Mr. Pedro Ventura (Age 35)
    Chief Technology Officer
  • Mr. Juan Marais (Age 56)
    Chief Sales Officer
  • Ms. Carmen Calisto (Age 27)
    Chief Strategy & Marketing Officer

KARO Stock Analysis - Frequently Asked Questions

Should I buy or sell Karooooo stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Karooooo in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" KARO shares.
View KARO analyst ratings
or view top-rated stocks.

What is Karooooo's stock price target for 2024?

3 brokerages have issued twelve-month target prices for Karooooo's stock. Their KARO share price targets range from $29.00 to $31.00. On average, they predict the company's stock price to reach $30.00 in the next year. This suggests a possible upside of 10.7% 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 2024?

Karooooo's stock was trading at $24.30 on January 1st, 2024. Since then, KARO shares have increased by 11.5% and is now trading at $27.09.
View the best growth stocks for 2024 here
.

Are investors shorting Karooooo?

Karooooo saw a decrease in short interest in March. As of March 31st, there was short interest totaling 11,200 shares, a decrease of 14.5% from the March 15th total of 13,100 shares. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.2% of the company's shares are sold short.
View Karooooo's Short Interest
.

When is Karooooo's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our KARO earnings forecast
.

How often does Karooooo pay dividends? What is the dividend yield for Karooooo?

Karooooo announced a quarterly dividend on Monday, May 8th. Shareholders of record on Friday, June 23rd will be paid a dividend of $0.85 per share on Monday, July 3rd. This represents a $3.40 dividend on an annualized basis and a yield of 12.55%. The ex-dividend date is Thursday, June 22nd. This is a positive change from the stock's previous quarterly dividend of $0.60.
Read our dividend analysis for KARO
.

Is Karooooo a good dividend stock?

Karooooo (NASDAQ:KARO) pays an annual dividend of $0.85 per share and currently has a dividend yield of 3.14%. The dividend payout ratio is 72.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KARO will have a dividend payout ratio of 60.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KARO.

When did Karooooo IPO?

Karooooo (KARO) raised $190 million in an initial public offering on Thursday, April 1st 2021. The company issued 4,000,000 shares at $47.52 per share. Morgan Stanley, BofA Securities and William Blair served as the underwriters for the IPO.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:KARO) was last updated on 4/22/2024 by MarketBeat.com Staff

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