KARO
KARO 1-star rating from Upturn Advisory

Karooooo Ltd (KARO)

Karooooo Ltd (KARO) 1-star rating from Upturn Advisory
$44.83
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Upturn Advisory Summary

12/01/2025: KARO (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

1 star rating from financial analysts

3 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $60.62

1 Year Target Price $60.62

Analysts Price Target For last 52 week
$60.62 Target price
52w Low $34.94
Current$44.83
52w High $61.71

Analysis of Past Performance

Type Stock
Historic Profit 28.84%
Avg. Invested days 44
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 12/01/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.39B USD
Price to earnings Ratio 23.95
1Y Target Price 60.62
Price to earnings Ratio 23.95
1Y Target Price 60.62
Volume (30-day avg) 3
Beta 1.07
52 Weeks Range 34.94 - 61.71
Updated Date 12/1/2025
52 Weeks Range 34.94 - 61.71
Updated Date 12/1/2025
Dividends yield (FY) 47.77%
Basic EPS (TTM) 1.88

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 19.91%
Operating Margin (TTM) 26.49%

Management Effectiveness

Return on Assets (TTM) 19.1%
Return on Equity (TTM) 35.2%

Valuation

Trailing PE 23.95
Forward PE 19.76
Enterprise Value 1404770154
Price to Sales(TTM) 0.28
Enterprise Value 1404770154
Price to Sales(TTM) 0.28
Enterprise Value to Revenue 4.82
Enterprise Value to EBITDA 17.19
Shares Outstanding 30893300
Shares Floating 7512633
Shares Outstanding 30893300
Shares Floating 7512633
Percent Insiders 79.05
Percent Institutions 15.09

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Karooooo Ltd

Karooooo Ltd(KARO) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

Karooooo Ltd, formerly known as Cartrack Holdings Limited, was founded in 2001. It provides a comprehensive operational IoT ecosystem, maximizing the value of real-time data insights. The company has expanded globally through organic growth and acquisitions, focusing on vehicle telematics and fleet management.

Company business area logo Core Business Areas

  • Karooooo: Provides a Software-as-a-Service (SaaS) platform delivering real-time mobility data analytics. The platform includes fleet management, supply chain visibility, insurance risk mitigation, and car dealerships solutions.
  • Cartrack: Offers stolen vehicle recovery and insurance telematics services, predominantly operating in South Africa.
  • Beame: Is a wireless early warning stolen vehicle recovery product.

leadership logo Leadership and Structure

Zak Calisto is the Global CEO. The company operates with a regional management structure overseen by the board of directors. Karooooo has a fairly flat organizational structure, fostering quick decision-making and agility within its various regional operations.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Karooooo Platform: The SaaS platform offering fleet management, supply chain visibility, and insurance risk mitigation. The company reports over 1.74 million subscribers on the platform as of February 2024. Competitors include Verizon Connect, Samsara, and Trimble.
  • Stolen Vehicle Recovery: Cartrack's SVR services offer vehicle tracking and recovery in the event of theft. This service is more dominant in South Africa. Competitors include Tracker and Netstar.
  • Beame: Wireless stolen vehicle recovery solution with no installation required. Competitors would be smaller, regional recovery services.

Market Dynamics

industry overview logo Industry Overview

The telematics and IoT market is experiencing strong growth, driven by increasing demand for fleet management, connected car services, and insurance telematics. The industry is competitive, with numerous players offering a range of solutions.

Positioning

Karooooo is positioned as a leading provider of a comprehensive, integrated SaaS platform for mobility data analytics. Its competitive advantages include its proprietary technology, extensive data insights, and strong customer relationships.

Total Addressable Market (TAM)

The global telematics market is expected to reach hundreds of billions of dollars. Karooooo is positioned to capture a significant share of this TAM through its diverse product offerings and global presence.

Upturn SWOT Analysis

Strengths

  • Proprietary technology platform
  • Strong recurring revenue model
  • Global presence with a diversified customer base
  • Experienced management team
  • High subscriber retention rate

Weaknesses

  • Geographic concentration in certain markets
  • Potential for increased competition
  • Dependence on the telematics market
  • Brand awareness outside of South Africa is still relatively low.

Opportunities

  • Expansion into new geographic markets
  • Development of new products and services
  • Strategic acquisitions to expand capabilities
  • Increased adoption of IoT technologies
  • Partnerships with other technology providers

Threats

  • Intense competition in the telematics market
  • Economic downturns affecting customer spending
  • Changes in government regulations
  • Technological obsolescence
  • Cybersecurity risks

Competitors and Market Share

Key competitor logo Key Competitors

  • VZ
  • SAMS
  • TRMB

Competitive Landscape

Karooooou2019s competitive advantage lies in its integrated platform and focus on actionable data insights, but other competitors may have superior financials.

Major Acquisitions

Vehicle Management Solutions (VMS)

  • Year: 2019
  • Acquisition Price (USD millions): 11.4
  • Strategic Rationale: Expanded presence in the Australian market and broadened product offerings.

Growth Trajectory and Initiatives

Historical Growth: Karooooo has experienced significant growth in revenue and subscribers over the past several years, driven by both organic growth and acquisitions.

Future Projections: Analysts project continued growth for Karooooo, driven by expansion into new markets and increasing demand for telematics solutions.

Recent Initiatives: Recent initiatives include the launch of new products and services, expansion into new geographic markets, and strategic acquisitions.

Summary

Karooooo is a global SaaS provider experiencing steady growth, driven by its comprehensive IoT ecosystem and expansion into new markets. The company benefits from a strong recurring revenue model and a seasoned leadership team. Potential threats include increased competition and dependence on the telematics industry. Karooooo must continue to innovate and expand its reach to maintain its competitive edge.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company reports
  • Analyst reports
  • Market research reports
  • Financial news sources

Disclaimers:

The information provided is for informational purposes only and should not be considered as financial advice. Investment decisions should be based on individual research and consultation with a financial advisor.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

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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
Full time employees 5711

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.