Karooooo (KARO) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $39.41 to $40.49
• 50-Day Range: $37.00 to $45.50
• 52-Week Range: $23.35 to $45.99
• Volume: 12,787 shs
• Average Volume: 19,524 shs
• Market Capitalization: $850.71 million
• P/E Ratio: 27.07
• Dividend Yield: 10.86%
• Price Target: $33.00
• Consensus Rating: Buy

Karooooo Stock Analysis - MarketRank™

Karooooo scored higher than 48% of companies evaluated by MarketBeat, and ranked 328th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

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.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 10.56%

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 27.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Karooooo is 27.07, 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 258.40.

Price to Book Value per Share Ratio

Karooooo has a P/B Ratio of 5.26. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.30% 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 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Karooooo has recently decreased by 36.14%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Karooooo is a leading dividend payer. It pays a dividend yield of 10.91%, 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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.30% 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 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Karooooo has recently decreased by 36.14%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

Search Interest

Only 1 people have searched for KARO on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Karooooo to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

KARO Stock Analysis - Frequently Asked Questions

How have KARO shares performed this year?

Karooooo's stock was trading at $24.30 at the start of the year. Since then, KARO shares have increased by 63.7% and is now trading at $39.79.
View the best growth stocks for 2024 here.

How were Karooooo's earnings last quarter?

Karooooo Ltd. (NASDAQ:KARO) posted its quarterly earnings results on Tuesday, October, 15th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The company earned $60.70 million during the quarter, compared to the consensus estimate of $60.26 million. Karooooo had a net margin of 19.29% and a trailing twelve-month return on equity of 29.39%.

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 a price of $47.52 per share. Morgan Stanley, BofA Securities and William Blair served as the underwriters for the IPO.

Who are Karooooo's major shareholders?

Karooooo's top institutional investors include Gladius Capital Management LP (0.07%), Walleye Capital LLC, Quadrature Capital Ltd and Barclays PLC.

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.

What other stocks do shareholders of Karooooo own?

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

• Last Earnings: 10/15/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 1/27/2025
• Fiscal Year End: 2/28/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:KARO
• CUSIP: N/A
• CIK: 1828102
• Web: www.karooooo.com
• Phone: 65-6255-4151
• 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: -17.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.47
• Trailing P/E Ratio: 27.07
• Forward P/E Ratio: 24.71
• P/E Growth: N/A
• Net Income: $39.57 million
• Net Margins: 19.29%
• Pretax Margin: 26.95%
• Return on Equity: 29.39%
• Return on Assets: 19.73%

Debt

• Debt-to-Equity Ratio: 0.15
• Current Ratio: 1.18
• Quick Ratio: 1.17

Sales & Book Value

• Annual Sales: $4.36 billion
• Price / Sales: 0.20
• Cash Flow: $3.22 per share
• Price / Cash Flow: 12.34
• Book Value: $7.57 per share
• Price / Book: 5.26

Miscellaneous

• Outstanding Shares: 21,380,000
• Free Float: N/A
• Market Cap: $850.71 million
• Optionable: Not Optionable
• Beta: 1.01