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NASDAQ:KARO

Karooooo (KARO) Stock Price, News & Analysis

Karooooo logo
$38.29
-1.71 (-4.28%)
(As of 11/1/2024 ET)

About Karooooo Stock (NASDAQ:KARO)

Key Stats

Today's Range
$38.29
$40.60
50-Day Range
$35.00
$45.50
52-Week Range
$22.54
$45.99
Volume
19,836 shs
Average Volume
18,734 shs
Market Capitalization
N/A
P/E Ratio
26.05
Dividend Yield
11.28%
Price Target
$33.00
Consensus Rating
Buy

Company Overview

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.

Karooooo Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
62nd Percentile Overall Score

KARO MarketRank™: 

Karooooo scored higher than 62% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Karooooo has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Karooooo has received no research coverage in the past 90 days.

  • Read more about Karooooo's stock forecast and price target.
  • Earnings Growth

    Earnings for Karooooo are expected to grow by 10.56% in the coming year, from $1.61 to $1.78 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Karooooo is 26.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.20.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Karooooo is 26.05, 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 252.56.

  • Price to Book Value per Share Ratio

    Karooooo has a P/B Ratio of 5.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Karooooo's valuation and earnings.
  • Percentage of Shares Shorted

    0.46% of the float of Karooooo has been sold short.
  • Short Interest Ratio / Days to Cover

    Karooooo has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Karooooo has recently increased by 89.69%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Karooooo is a leading dividend payer. It pays a dividend yield of 10.54%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Karooooo does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Karooooo is 293.88%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on EPS estimates, Karooooo will have a dividend payout ratio of 242.70% in the coming year. This indicates that Karooooo may not be able to sustain their current dividend.

  • Read more about Karooooo's dividend.
  • Percentage of Shares Shorted

    0.46% of the float of Karooooo has been sold short.
  • Short Interest Ratio / Days to Cover

    Karooooo has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Karooooo has recently increased by 89.69%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Karooooo has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Karooooo this week, compared to 1 article on an average week.
  • Search Interest

    5 people have searched for KARO on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Karooooo to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Karooooo insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    74.73% of the stock of Karooooo is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Read more about Karooooo's insider trading history.
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KARO Stock News Headlines

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Morgan Stanley Remains a Buy on Karooooo (KARO)
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See More Headlines

KARO Stock Analysis - Frequently Asked Questions

Karooooo's stock was trading at $24.30 at the beginning of the year. Since then, KARO stock has increased by 57.6% and is now trading at $38.29.
View the best growth stocks for 2024 here
.

Karooooo (KARO) raised $190 million in an 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 served as the underwriters for the IPO.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Karooooo investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), Humana (HUM), Voyager Therapeutics (VYGR), AUO (AUOTY) and iShares Micro-Cap ETF (IWC).

Company Calendar

Ex-Dividend for 8/14 Dividend
8/08/2024
Dividend Payable
8/14/2024
Today
11/02/2024
Next Earnings (Estimated)
1/27/2025
Fiscal Year End
2/28/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Current Symbol
NASDAQ:KARO
Fax
N/A
Employees
4,387
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$33.00
High Stock Price Target
$37.00
Low Stock Price Target
$29.00
Potential Upside/Downside
-13.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$39.57 million
Pretax Margin
26.95%

Debt

Sales & Book Value

Annual Sales
$225.29 million
Cash Flow
$3.00 per share
Book Value
$7.57 per share

Miscellaneous

Free Float
N/A
Optionable
Not Optionable
Beta
1.01
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This page (NASDAQ:KARO) was last updated on 11/2/2024 by MarketBeat.com Staff
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