Karooooo - KARO Stock Forecast, Price & News

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our KARO earnings forecast.

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.

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.

(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.

Karooooo trades on the NASDAQ under the ticker symbol "KARO."

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%).

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.
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One share of KARO stock can currently be purchased for approximately $25.98.

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.

The company employs 3,508 workers across the globe.

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.