Should I buy or sell Karooooo stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Karooooo in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street 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 Wall Street analysts have issued twelve-month price targets for Karooooo's shares. Their KARO share price targets range from $29.00 to $31.00. On average, they predict the company's share 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 stock has 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 drop in short interest during the month of March. As of March 31st, there was short interest totaling 11,200 shares, a drop 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 company's stock are short sold. 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 were Karooooo's earnings last quarter?

Karooooo Ltd. (NASDAQ:KARO) announced its quarterly earnings data on Monday, January, 22nd. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. The company had revenue of $57.36 million for the quarter, compared to the consensus estimate of $51.99 million. Karooooo had a trailing twelve-month return on equity of 25.26% and a net margin of 16.67%.

How often does Karooooo pay dividends? What is the dividend yield for Karooooo?

Karooooo announced a quarterly dividend on Monday, May 8th. Shareholders of record on Friday, June 23rd will be given a dividend of $0.85 per share on Monday, July 3rd. This represents a $3.40 dividend on an annualized basis and a yield of 12.55%. The ex-dividend date of this dividend is Thursday, June 22nd. This is an increase 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 3.24%. 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 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 .

NASDAQ:KARO

Karooooo (KARO) Stock Price, News & Analysis

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$27.09

0.00 (0.00%)

(As of 04/19/2024 ET)

Compare

Today's Range: $27.00
▼
$27.10
50-Day Range: $24.21
▼
$27.09
52-Week Range: $18.59
▼
$27.10

Volume: 3,331 shs
Average Volume: 5,414 shs
Market Capitalization: N/A

P/E Ratio: 22.96
Dividend Yield: 3.14%
Price Target: $30.00

Get Karooooo alerts:

Karooooo MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 10.7% Upside
$30.00 Price Target
Short Interest: Healthy
0.15% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 15.70%
From $1.21 to $1.40 Per Share

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.

4.06 out of 5 stars

2.5

Analyst's Opinion

Consensus Rating
Karooooo 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 Coverage
Karooooo has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.15% 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 1.5, 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 14.50%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Karooooo pays a meaningful dividend of 3.24%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Karooooo does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Karooooo is 72.03%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based 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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for KARO.

2.7

News and Social Media Coverage

News Sentiment
Karooooo has a news sentiment score of 1.92. 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 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Karooooo this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 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.

1.7

Company Ownership

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.

3.1

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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 144.43.
Price to Earnings Ratio vs. Sector
The 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 247.39.
Price to Book Value per Share Ratio
Karooooo 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.

See Top Rated MarketRank™ Stocks Here

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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.

KARO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

KARO Stock News Headlines

April 14, 2024 | americanbankingnews.com

Karooooo Ltd. (NASDAQ:KARO) Short Interest Down 14.5% in March

April 8, 2024 | finance.yahoo.com

An Intrinsic Calculation For Karooooo Ltd. (NASDAQ:KARO) Suggests It's 32% Undervalued

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 4, 2024 | msn.com

Cheat Sheet: Small Cap Stocks to Watch

April 1, 2024 | msn.com

Small-Cap Stocks: A New Dawn?

March 12, 2024 | investorplace.com

3 Top-Performing Dividend Stocks to Acquire in Q1

March 12, 2024 | investorplace.com

3 Top-Performing Dividend Stocks to Acquire in Q1

March 9, 2024 | investing.com

Karooooo Ltd (KARO)

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

February 22, 2024 | finance.yahoo.com

Is Karooooo Ltd. (NASDAQ:KARO) Potentially Undervalued?

February 21, 2024 | investorplace.com

3 Stocks with Secret Growth Catalysts That Wall Street Overlooked

February 12, 2024 | msn.com

Karooooo to buyback 1M shares

February 10, 2024 | businesswire.com

Karooooo Share Repurchase

February 6, 2024 | finance.yahoo.com

Karooooo's (NASDAQ:KARO) Returns On Capital Not Reflecting Well On The Business

February 1, 2024 | finance.yahoo.com

Q3 2024 Karooooo Ltd Earnings Call

January 23, 2024 | msn.com

Karooooo reports Q3 earnings

January 22, 2024 | investorplace.com

KARO Stock Earnings: Karooooo Beats EPS, Beats Revenue for Q3 2024

January 22, 2024 | sg.finance.yahoo.com

BRIEF-Karooooo Reaffirms FY 2024 Outlook

January 22, 2024 | benzinga.com

Recap: Karooooo Q3 Earnings

January 22, 2024 | finance.yahoo.com

Karooooo Demonstrates Its Ability to Grow at Scale, Expand Margins and Deliver Record Earnings

January 13, 2024 | sg.news.yahoo.com

India, US seek to bolster trade ties, work together on critical minerals

January 13, 2024 | finance.yahoo.com

Is Weakness In Karooooo Ltd. (NASDAQ:KARO) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?

January 4, 2024 | seekingalpha.com

Karooooo: Profitable Software Opportunity Based On Cartrack IoT

November 21, 2023 | finance.yahoo.com

Is Now The Time To Put Karooooo (NASDAQ:KARO) On Your Watchlist?

November 20, 2023 | finance.yahoo.com

Here’s Why SaltLight Capital is Holding Karooooo Ltd. (KARO)

November 9, 2023 | morningstar.com

Karooooo Ltd KARO

November 3, 2023 | msn.com

Karooooo Ltd. Increases Focus On Cartrack Division In Asia

See More Headlines

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Company Calendar

Last Earnings: 1/22/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/13/2024
Fiscal Year End: 2/28/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:KARO
CUSIP: N/A
CIK: 1828102
Web: www.karooooo.com
Phone: 65-6255-4151
Fax: N/A
Employees: 4,039
Year Founded: N/A

Price 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 Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.18
Trailing P/E Ratio: 22.96
Forward P/E Ratio: 22.39
P/E Growth: N/A
Net Income: $35.89 million
Net Margins: 16.67%
Pretax Margin: 25.10%
Return on Equity: 25.26%
Return on Assets: 16.79%

Debt

Debt-to-Equity Ratio: 0.06
Current Ratio: 1.38
Quick Ratio: 1.34

Sales & Book Value

Annual Sales: $210.59 million
Price / Sales: N/A
Cash Flow: $3.31 per share
Price / Cash Flow: 8.18
Book Value: $7.57 per share
Price / Book: 3.58

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: 1.15

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Key Executives

Mr. 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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

KARO Stock Analysis - Frequently Asked Questions

Should I buy or sell Karooooo stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Karooooo in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street 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 Wall Street analysts have issued twelve-month price targets for Karooooo's shares. Their KARO share price targets range from $29.00 to $31.00. On average, they predict the company's share 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 stock has 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 drop in short interest during the month of March. As of March 31st, there was short interest totaling 11,200 shares, a drop 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 company's stock are short sold.
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 were Karooooo's earnings last quarter?: Karooooo Ltd. (NASDAQ:KARO) announced its quarterly earnings data on Monday, January, 22nd. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. The company had revenue of $57.36 million for the quarter, compared to the consensus estimate of $51.99 million. Karooooo had a trailing twelve-month return on equity of 25.26% and a net margin of 16.67%.

How often does Karooooo pay dividends? What is the dividend yield for Karooooo?: Karooooo announced a quarterly dividend on Monday, May 8th. Shareholders of record on Friday, June 23rd will be given a dividend of $0.85 per share on Monday, July 3rd. This represents a $3.40 dividend on an annualized basis and a yield of 12.55%. The ex-dividend date of this dividend is Thursday, June 22nd. This is an increase 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 3.24%. 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 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 4/20/2024 by MarketBeat.com Staff

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Karooooo (KARO) Stock Price, News & Analysis

Karooooo MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Karooooo Stock (NASDAQ:KARO)

KARO Stock Price History

KARO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

KARO Stock Analysis - Frequently Asked Questions

Overall MarketRank^™