NASDAQ:KARO Karooooo (KARO) Stock Price, News & Analysis → Don’t Miss Out on the AI Gold Rush That’s Just Getting Started (From Banyan Hill Publishing) (Ad) Free KARO Stock Alerts $27.09 0.00 (0.00%) (As of 04/22/2024 ET) Add Compare Share Share Today's Range$26.75▼$27.1050-Day Range$24.21▼$27.0952-Week Range$18.59▼$27.10Volume5,803 shsAverage Volume7,087 shsMarket Capitalization$579.18 millionP/E Ratio22.96Dividend Yield3.14%Price Target$30.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial Media Get Karooooo alerts: Email Address Karooooo MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside10.7% Upside$30.00 Price TargetShort InterestHealthy0.15% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.00Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth15.70%From $1.21 to $1.40 Per ShareSee Full Details Hide Full Details 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.3.62 out of 5 starsComputer And Technology Sector221st out of 592 stocksPrepackaged Software Industry64th out of 201 stocks 2.5 Analyst's Opinion Consensus RatingKarooooo has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.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 Shorted0.15% of the float of Karooooo has been sold short.Short Interest Ratio / Days to CoverKarooooo has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Karooooo has recently decreased by 14.50%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldKarooooo pays a meaningful dividend of 3.14%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthKarooooo does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Karooooo is 72.03%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Karooooo will have a dividend payout ratio of 60.71% next year. This indicates that Karooooo will be able to sustain or increase its 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 0.6 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 2 news articles for Karooooo this week, compared to 1 article on an average week.MarketBeat Follows2 people have added Karooooo to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 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. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Karooooo are expected to grow by 15.70% in the coming year, from $1.21 to $1.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Karooooo is 22.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.49.Price to Earnings Ratio vs. SectorThe P/E ratio of Karooooo is 22.96, 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 245.03.Price to Book Value per Share RatioKarooooo has a P/B Ratio of 3.58. 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 Ad The TradingPubAt first glance, this chart looks like nonsense…We can isolate the most bullish dates to buy Netflix each and every year… That’s why one former hedge fund manager calls these dates… “Hotspot Dates”But if you want the stock with “Hotspot Dates” hitting NEXT WEEK… 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.Read More KARO Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart KARO Stock News HeadlinesApril 23, 2024 | americanbankingnews.comKarooooo (NASDAQ:KARO) Receives Overweight Rating from Morgan StanleyApril 14, 2024 | americanbankingnews.comKarooooo Ltd. (NASDAQ:KARO) Short Interest Down 14.5% in MarchApril 23, 2024 | Wall Street Star (Ad)This Apple-like Innovator is Revolutionizing HealthcareAI 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.April 8, 2024 | finance.yahoo.comAn Intrinsic Calculation For Karooooo Ltd. (NASDAQ:KARO) Suggests It's 32% UndervaluedApril 4, 2024 | msn.comCheat Sheet: Small Cap Stocks to WatchApril 1, 2024 | msn.comSmall-Cap Stocks: A New Dawn?March 12, 2024 | investorplace.com3 Top-Performing Dividend Stocks to Acquire in Q1March 12, 2024 | investorplace.com3 Top-Performing Dividend Stocks to Acquire in Q1April 23, 2024 | Wall Street Star (Ad)This Apple-like Innovator is Revolutionizing HealthcareAI 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.March 9, 2024 | investing.comKarooooo Ltd (KARO)February 22, 2024 | finance.yahoo.comIs Karooooo Ltd. (NASDAQ:KARO) Potentially Undervalued?February 21, 2024 | investorplace.com3 Stocks with Secret Growth Catalysts That Wall Street OverlookedFebruary 12, 2024 | msn.comKarooooo to buyback 1M sharesFebruary 10, 2024 | businesswire.comKarooooo Share RepurchaseFebruary 6, 2024 | finance.yahoo.comKarooooo's (NASDAQ:KARO) Returns On Capital Not Reflecting Well On The BusinessFebruary 1, 2024 | finance.yahoo.comQ3 2024 Karooooo Ltd Earnings CallJanuary 23, 2024 | msn.comKarooooo reports Q3 earningsJanuary 22, 2024 | investorplace.comKARO Stock Earnings: Karooooo Beats EPS, Beats Revenue for Q3 2024January 22, 2024 | sg.finance.yahoo.comBRIEF-Karooooo Reaffirms FY 2024 OutlookJanuary 22, 2024 | benzinga.comRecap: Karooooo Q3 EarningsJanuary 22, 2024 | finance.yahoo.comKarooooo Demonstrates Its Ability to Grow at Scale, Expand Margins and Deliver Record EarningsJanuary 13, 2024 | sg.news.yahoo.comIndia, US seek to bolster trade ties, work together on critical mineralsJanuary 13, 2024 | finance.yahoo.comIs Weakness In Karooooo Ltd. (NASDAQ:KARO) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?January 4, 2024 | seekingalpha.comKarooooo: Profitable Software Opportunity Based On Cartrack IoTNovember 21, 2023 | finance.yahoo.comIs Now The Time To Put Karooooo (NASDAQ:KARO) On Your Watchlist?November 20, 2023 | finance.yahoo.comHere’s Why SaltLight Capital is Holding Karooooo Ltd. (KARO)November 9, 2023 | morningstar.comKarooooo Ltd KAROSee More Headlines 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 Company Calendar Today4/22/2024Next Earnings (Estimated)5/13/2024Fiscal Year End2/28/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:KARO CUSIPN/A CIK1828102 Webwww.karooooo.com Phone65-6255-4151FaxN/AEmployees4,039Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$1.18 Trailing P/E Ratio22.96 Forward P/E Ratio22.39 P/E GrowthN/ANet Income$35.89 million Net Margins16.67% Pretax Margin25.10% Return on Equity25.26% Return on Assets16.79% Debt Debt-to-Equity Ratio0.06 Current Ratio1.38 Quick Ratio1.34 Sales & Book Value Annual Sales$4.03 billion Price / Sales0.14 Cash Flow$3.21 per share Price / Cash Flow8.44 Book Value$7.57 per share Price / Book3.58Miscellaneous Outstanding Shares21,380,000Free FloatN/AMarket Cap$579.18 million OptionableNot Optionable Beta1.15 The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.Get This Free Report Key ExecutivesMr. 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 More ExecutivesKey CompetitorsSAPNYSE:SAPAERWINS TechnologiesNASDAQ:AWINWAEyeNASDAQ:LIDRWAirship AINASDAQ:AISPWAllegoNYSE:ALLGView All CompetitorsInstitutional OwnershipPolen Capital Management LLCSold 49,391 shares on 2/20/2024Ownership: 0.000%Polen Capital Management LLCSold 49,391 shares on 2/13/2024Ownership: 0.000%Robeco Institutional Asset Management B.V.Sold 600 shares on 2/8/2024Ownership: 0.000%View All Institutional Transactions KARO Stock Analysis - 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 3 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 target for 2024? 3 equities research analysts have issued 1 year 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 decline in short interest in the month of March. As of March 31st, there was short interest totaling 11,200 shares, a decline 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 presently 1.5 days. Currently, 0.2% of the shares of the stock 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 declared 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 dividend yield of 12.55%. The ex-dividend date of this dividend 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 (IPO) 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. 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 4/23/2024 by MarketBeat.com Staff From Our PartnersThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingThe A.I. story nobody is telling you (Read ASAP)TradeSmithHealthcare Takes A Big Step Forward With The Help Of AIThe Bull Reporttop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyDid You Get Your Free Bitcoin Yet?Crypto Swap Profits[Shocking] Elon Musk’s Plan To End BanksCrypto 101 MediaUrgent Alert: Biden's IRS Targeting Your Money – Act Fast to Protect It!American AlternativeForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm Press Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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