KaroooooKARO
KARO
About: Karooooo Ltd is a global provider of real-time mobility data analytics solutions for smart transportation. It offers a comprehensive, cloud-based smart mobility platform for connected vehicles and other assets. The company's software-as-a-service platform provides customers with differentiated insights and analytics to optimize business and workforce, increase efficiency and decrease costs, improve safety, monitor environmental impact, assist with regularity compliance, and manage risk. The segments of the group are Cartrack; Carzuka; and Karooooo Logistics, of which key revenue is derived from the Cartrack segment.
Employees: 4,387
0
Funds holding %
of 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
15% more capital invested
Capital invested by funds: $132M [Q3] → $153M (+$20.4M) [Q4]
12% more funds holding
Funds holding: 33 [Q3] → 37 (+4) [Q4]
0.13% more ownership
Funds ownership: 10.81% [Q3] → 10.94% (+0.13%) [Q4]
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$51
28%
upside
Avg. target
$51
28%
upside
High target
$51
28%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Raymond James Alexander Sklar 17% 1-year accuracy 1 / 6 met price target | 28%upside $51 | Outperform Reiterated | 16 Jan 2025 |
Financial journalist opinion
Neutral
Business Wire
2 weeks ago
Karooooo to Present at The Raymond James 26th Annual Institutional Investors Conference
SINGAPORE--(BUSINESS WIRE)--Karooooo (KARO), a smart mobility SaaS platform provider for connected vehicles and other mobile assets, today announced that Group Chief Operating Officer Richard Schubert will participate in the Raymond James 26th Annual Institutional Investor Conference in Orlando, FL on Tuesday, March 4th at 4:35 p.m. ET. A live webcast of the presentation will be available in the Events and Presentations section of Karooooo Investor Relations website at karooooo.com. About Karoo.
Neutral
Business Wire
3 weeks ago
Cartrack Launches Wireless Cartrack-Tag to Provide Unmatched and Secure Asset Control in Commercial Operations
JOHANNESBURG, South Africa--(BUSINESS WIRE)--Cartrack, a subsidiary of Karooooo Limited (NASDAQ: KARO), today announced the launch of Cartrack-Tag, an advanced wireless asset tag designed to meet the increasing need for rapid asset tracking of physical assets used in commercial operations. The new solution provides enhanced visibility in challenging environments, including low or no cellular network operating areas. Cartrack-Tag enables businesses to minimize the amount of time spent locating m.
Positive
Seeking Alpha
1 month ago
Karooooo Ltd.'s Q3 Earnings Highlight SaaS Strength, But Valuation Stretches
Karooooo Ltd.'s Cartrack unit thrives on subscription revenue, connecting 1.9 million vehicles and offering comprehensive SaaS services, enhancing operational efficiency and tackling fuel fraud. Despite strong subscriber growth and impressive profitability, Karooooo's high P/E ratio and revenue struggles in Southeast Asia warrant a “Hold” rating. Q3 earnings reveal a 15% revenue increase, with Cartrack's subscription revenue up 14% and adjusted EPS growing by 21%.
Neutral
Seeking Alpha
1 month ago
Karooooo Ltd. (KARO) Q3 2025 Earnings Call Transcript
Karooooo Ltd. (NASDAQ:KARO ) Q3 2025 Earnings Conference Call January 15, 2024 8:00 AM ET Company Participants Carmen Calisto - Chief Strategy and Marketing Officer Goy Hoeshin - Chief Financial Officer Zak Calisto - Chief Executive Officer Conference Call Participants Operator Hello and welcome to Karooooo's Financial Year 2025 Q3 Earnings Call.
Positive
Zacks Investment Research
1 month ago
Karooooo Ltd. (KARO) Q3 Earnings and Revenues Surpass Estimates
Karooooo Ltd. (KARO) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.38 per share.
Neutral
Business Wire
1 month ago
Karooooo Delivers Strong Q3 2025 Results with Solid Customer Gains and Record EPS
SINGAPORE--(BUSINESS WIRE)--Karooooo Limited (“Karooooo”) (NASDAQ: KARO) reported strong results in the third quarter of FY2025 (“Q3 2025”) ended November, 30 2024. Karooooo owns 100% of Cartrack and 74.8% of Karooooo Logistics, (collectively, “the group”). Financial and operational highlights include: Karooooo subscribers increased 17% Y/Y to 2.22 million Cartrack net quarterly subscriber additions increased 15% Y/Y to 86,617 Karooooo quarterly earnings per share increased 21% Y/Y to a record.
Neutral
Business Wire
2 months ago
Karooooo to Announce Third Quarter 2025 Results on January 14, 2025
SINGAPORE--(BUSINESS WIRE)--Karooooo Limited (NASDAQ: KARO) (“Karooooo” or “the Company”), which owns 100% of Cartrack and 74.8% of Karooooo Logistics, announced that the Company will release its Third Quarter 2025 Financial Results on Tuesday, January 14, 2025 shortly after 04:00 p.m. Eastern Time. Webcast: The Company will host a corresponding Zoom webinar on Wednesday, January 15, 2024 at 08:00 a.m. Eastern Time (03:00 p.m. South African time; 09:00 p.m. Singaporean time). Investors are invi.
Neutral
GlobeNewsWire
4 months ago
Southeast Asia Fleet Management Market Report 2024, Featuring Top 5 Players - Jimi IoT, Cartrack (Karooooo), TransTRACK DTC and Onelink
Dublin, Oct. 30, 2024 (GLOBE NEWSWIRE) -- The "Fleet Management in Southeast Asia - 1st Edition" report has been added to ResearchAndMarkets.com's offering.
Positive
Seeking Alpha
4 months ago
Karooooo: Southeast Asian Opportunity Indicates Strong Growth Prospects
Karooooo is continuing to expand in Southeast Asia, leveraging favorable market conditions and an underpenetrated market. The Southeast Asian telematics market is projected to grow at a CAGR of 11.53% from 2024 to 2029, adding c3.4m IoT devices. KARO's experience in emerging markets and scalable solutions position it well to capture the growing demand for telematics in Southeast Asia.
Positive
Seeking Alpha
4 months ago
Karooooo: An Overlooked GARP Gem
Karooooo Ltd. is a SaaS mobility company with promising growth attributes, driven by its Cartrack and Logistics services. Despite a Q2 revenue miss, Karooooo's subscription revenue grew by 17%, and its earnings per share surged 31% year-over-year, conveying an exponential trajectory. Karooooo's logistics segment looks like a hidden asset, complementing its mature Cartrack business, which benefits from vehicle safety demands in South Africa.
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