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Karooooo Ltd (KARO)



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Upturn Advisory Summary
09/17/2025: KARO (3-star) is a STRONG-BUY. BUY since 16 days. Simulated Profits (7.82%). Updated daily EoD!
1 Year Target Price $61.37
1 Year Target Price $61.37
1 | Strong Buy |
2 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 50.76% | Avg. Invested days 42 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.70B USD | Price to earnings Ratio 30.54 | 1Y Target Price 61.37 |
Price to earnings Ratio 30.54 | 1Y Target Price 61.37 | ||
Volume (30-day avg) 3 | Beta 1.09 | 52 Weeks Range 34.58 - 61.71 | Updated Date 09/17/2025 |
52 Weeks Range 34.58 - 61.71 | Updated Date 09/17/2025 | ||
Dividends yield (FY) 40.14% | Basic EPS (TTM) 1.8 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 20.23% | Operating Margin (TTM) 27.55% |
Management Effectiveness
Return on Assets (TTM) 17.2% | Return on Equity (TTM) 29.46% |
Valuation
Trailing PE 30.54 | Forward PE 29.41 | Enterprise Value 1667021776 | Price to Sales(TTM) 0.36 |
Enterprise Value 1667021776 | Price to Sales(TTM) 0.36 | ||
Enterprise Value to Revenue 6.08 | Enterprise Value to EBITDA 21.48 | Shares Outstanding 30893300 | Shares Floating 7519429 |
Shares Outstanding 30893300 | Shares Floating 7519429 | ||
Percent Insiders 79.05 | Percent Institutions 15.25 |
Upturn AI SWOT
Karooooo Ltd
Company Overview
History and Background
Karooooo Ltd, formerly Cartrack Holdings Ltd, was founded in South Africa and listed on the Johannesburg Stock Exchange (JSE) in December 2014. The company later dual-listed on the Nasdaq in April 2021 under the ticker KARO. It has grown from a stolen vehicle recovery service to a comprehensive mobility solutions platform.
Core Business Areas
- Cartrack: Provides real-time vehicle tracking, fleet management, and insurance telematics solutions. Core focus is on vehicle recovery and fleet optimization.
- Karooooo Logistics: Offers solutions for logistics management, including route optimization and delivery tracking.
- Karooooo Insurance: Provides vehicle insurance telematics solutions that monitor driving behavior and promote safer driving.
- Picup: Provides last-mile delivery solutions with a focus on leveraging technology for efficient logistics and tracking services. A subsidiary company
Leadership and Structure
Zak Calisto is the CEO of Karooooo Ltd. The organizational structure includes executive management overseeing various departments such as sales, marketing, technology, and operations.
Top Products and Market Share
Key Offerings
- Vehicle Tracking and Recovery: Provides real-time tracking, stolen vehicle recovery, and fleet management solutions. While precise global market share data is unavailable, Karooooo boasts a strong presence in South Africa and other emerging markets. Competitors include Geotab, Samsara, and MiX Telematics.
- Fleet Management Solutions: Offers tools for optimizing fleet operations, including route planning, driver behavior monitoring, and fuel management. Revenue is embedded in the Cartrack revenue. Main competitors are Samsara, Verizon Connect, and Trimble.
- Insurance Telematics: Utilizes driving data to offer tailored insurance premiums and incentivize safe driving habits. Revenue is embedded in the Cartrack revenue. Competitors include Cambridge Mobile Telematics and Octo Telematics.
- Last Mile Delivery: Picup is a subsidary. Provides tracking of the driver and the delivery vehicle as well as an estimated time of delivery for the customer. Competitors include Onfleet, Bringg and Locus.
Market Dynamics
Industry Overview
The telematics and fleet management industry is experiencing strong growth, driven by increasing demand for vehicle tracking, safety, and efficiency solutions. The rise of e-commerce and last-mile delivery services further fuels the need for advanced logistics management tools.
Positioning
Karooooo Ltd is positioned as a comprehensive mobility solutions provider, focusing on both vehicle tracking and fleet optimization, particularly in emerging markets. Its competitive advantage lies in its integrated platform and strong presence in South Africa and the broader African continent.
Total Addressable Market (TAM)
The global telematics market is projected to reach hundreds of billions of USD. Karooooo Ltd is well-positioned to capture a significant portion of this market, particularly in emerging economies, through its comprehensive solutions.
Upturn SWOT Analysis
Strengths
- Strong presence in emerging markets
- Comprehensive and integrated platform
- Experienced management team
- Proprietary technology
- High subscriber retention rates
Weaknesses
- Geographic concentration (reliance on South African market)
- Exposure to currency fluctuations
- Limited brand recognition in developed markets
- Dependence on vehicle sales for subscriber growth
Opportunities
- Expansion into new geographic regions
- Acquisition of complementary businesses
- Development of new products and services
- Partnerships with vehicle manufacturers and insurance companies
- Increased adoption of telematics in emerging markets
Threats
- Intense competition from established players
- Technological disruptions
- Economic downturns in key markets
- Regulatory changes affecting the telematics industry
- Data security and privacy concerns
Competitors and Market Share
Key Competitors
- Samsara (IOT)
- Geotab
- MiX Telematics (MIXT)
Competitive Landscape
Karooooo faces competition from established players with larger market capitalization and global reach. Its strengths include its strong presence in emerging markets and integrated platform.
Major Acquisitions
Cartrack Australia
- Year: 2016
- Acquisition Price (USD millions):
- Strategic Rationale: Expanded Karooooo's presence into the Australian market.
Growth Trajectory and Initiatives
Historical Growth: Karooooo has demonstrated consistent subscriber growth and revenue expansion, particularly in its core markets.
Future Projections: Analyst estimates suggest continued growth driven by increasing adoption of telematics and expansion into new markets. Financial data sources are needed for the real financial numbers and their future projections.
Recent Initiatives: Recent initiatives include strategic acquisitions, product enhancements, and expansion into new geographic regions.
Summary
Karooooo demonstrates a strong position in emerging markets with a comprehensive mobility solutions platform. Growth is driven by subscriber increases and geographic expansion. Currency fluctuations and competition pose potential risks. Its integrated platform offers competitive advantages in its core market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website (Investor Relations)
- Analyst Reports (FactSet, Bloomberg - limited access)
- Industry Reports (Gartner, Frost & Sullivan - with subscription)
Disclaimers:
This analysis is based on publicly available information and limited access to proprietary data. Financial data is based on placeholder information due to requirement of numerical financial data. Actual financial data may vary. This is not financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Karooooo Ltd
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2021-04-01 | Founder, CEO & Executive Chairman Mr. Isaias Jose Calisto | ||
Sector Technology | Industry Software - Application | Full time employees 5711 | Website https://www.karooooo.com |
Full time employees 5711 | Website https://www.karooooo.com |
Karooooo Ltd. provides a mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, the rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States. It operates through Cartrack, Carzuka, and Karooooo Logistics segments. The company offers Fleet Management, which provides real-time visibility into the asset base; LiveVision for pro-active risk management and fleet visibility; MiFleet advanced fleet administration for cost management and administration capabilities; and Karooooo Logistics, a software application for management of last-mile delivery and general operational logistics. It also provides Cartrack Field Service, a software application for management of field and on-site workers; Business Intelligence for view of fleet statistics; asset tracking for tracking and tracing moveable assets; asset recovery services that assist vehicle owners and insurance companies with the recovery of vehicles and other assets; 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 Bike Track, a GPS-based solution for commercial motorbike fleets; Credit Management that predicts payment cycles and facilitates active credit management for asset-based vehicle finance; an electronic monitoring services application that allows law enforcement agencies to monitor persons of interest; and mobility and monitoring solutions, such as Carzuka and Cartrack insurance agency, as well as smart IoT products. It serves consumers and sole proprietors, small and medium-sized businesses, and large enterprises. Karooooo Ltd. was founded in 2001 and is headquartered in Singapore.

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