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Karooooo Ltd (KARO)



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Upturn Advisory Summary
08/14/2025: KARO (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $58.42
1 Year Target Price $58.42
1 | Strong Buy |
2 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 39.8% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.48B USD | Price to earnings Ratio 27.06 | 1Y Target Price 58.42 |
Price to earnings Ratio 27.06 | 1Y Target Price 58.42 | ||
Volume (30-day avg) 3 | Beta 1.07 | 52 Weeks Range 33.11 - 61.71 | Updated Date 08/15/2025 |
52 Weeks Range 33.11 - 61.71 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 46.51% | Basic EPS (TTM) 1.77 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-07-22 | When - | Estimate 7.16 | Actual 8.55 |
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 27.06 | Forward PE 7.74 | Enterprise Value 1448540420 | Price to Sales(TTM) 0.31 |
Enterprise Value 1448540420 | Price to Sales(TTM) 0.31 | ||
Enterprise Value to Revenue 5.33 | Enterprise Value to EBITDA 18.81 | Shares Outstanding 30893300 | Shares Floating 7523754 |
Shares Outstanding 30893300 | Shares Floating 7523754 | ||
Percent Insiders 79.05 | Percent Institutions 15.29 |
Upturn AI SWOT
Karooooo Ltd
Company Overview
History and Background
Karooooo Ltd, formerly known as Cartrack Holdings, was founded in South Africa in 2001. It initially focused on vehicle tracking and stolen vehicle recovery services. Over time, it expanded into providing comprehensive fleet management, supply chain, and enterprise resource planning (ERP) solutions. The company has grown organically and through strategic acquisitions, establishing a global presence.
Core Business Areas
- Cartrack: A leading provider of fleet management, insurance telematics, and workforce management solutions. Cartrack uses its proprietary technology to provide real-time data and insights to businesses, helping them optimize operations, reduce costs, and improve safety.
- Karooooo Logistics: Offers supply chain and logistics solutions, enabling businesses to efficiently manage their inventory, transportation, and delivery processes.
Leadership and Structure
The leadership team includes Zak Calisto (Global CEO & Founder). The organizational structure is built to support a global operation, focused on regional management and technology development.
Top Products and Market Share
Key Offerings
- Fleet Management Solutions: Cartrack's fleet management solutions provide real-time vehicle tracking, driver behavior monitoring, fuel consumption analysis, and maintenance scheduling. Competitors include Samsara (IOT), Verizon Connect (VZ), and Geotab. Market share is estimated to be significant within its primary operating regions but smaller globally compared to large US players. Revenue is not readily available.
- Insurance Telematics: Cartrack's insurance telematics solutions enable insurers to assess driving risk, offer usage-based insurance policies, and streamline claims processing. Competitors include Cambridge Mobile Telematics and Octo Telematics. Market share is not readily available but is growing in adoption regions. Revenue is not readily available.
Market Dynamics
Industry Overview
The telematics and fleet management industry is experiencing rapid growth, driven by the increasing adoption of IoT technologies and the need for businesses to optimize their operations. The industry is competitive, with numerous players offering various solutions. Key trends include the integration of AI and machine learning for predictive maintenance and improved decision-making.
Positioning
Karooooo Ltd is positioned as a technology-driven provider of comprehensive fleet management and telematics solutions. Its competitive advantages include its proprietary technology, established customer base, and global presence.
Total Addressable Market (TAM)
The global fleet management market is projected to reach hundreds of billions of USD by 2030. Karooooo Ltd is positioned to capture a portion of this TAM through its existing solutions and expansion into new markets.
Upturn SWOT Analysis
Strengths
- Proprietary Technology
- Established Customer Base
- Global Presence
- Strong Revenue Growth
- Integrated Solution Suite
Weaknesses
- Limited Brand Recognition in Some Markets
- Exposure to Emerging Market Risks
- Concentration of Revenue in Certain Geographic Areas
- Smaller Scale Compared to Larger US Competitors
Opportunities
- Expansion into New Geographic Markets
- Development of New Products and Services
- Strategic Acquisitions
- Increased Adoption of Telematics in Developing Countries
- Partnerships with Automotive Manufacturers
Threats
- Intense Competition
- Economic Downturns
- Regulatory Changes
- Cybersecurity Risks
- Fluctuations in Foreign Exchange Rates
Competitors and Market Share
Key Competitors
- IOT
- VZ
- GPSN
Competitive Landscape
Karooooo Ltd competes with established players in the telematics and fleet management industry. Its competitive advantages include its proprietary technology and global presence. Disadvantages include smaller scale compared to larger competitors.
Growth Trajectory and Initiatives
Historical Growth: Karooooo Ltd has demonstrated strong revenue growth in recent years, driven by increased adoption of its telematics and fleet management solutions.
Future Projections: Analyst estimates project continued revenue growth for Karooooo Ltd, driven by expansion into new markets and increased adoption of its solutions.
Recent Initiatives: Recent initiatives include the expansion of its product offerings, strategic acquisitions, and partnerships with automotive manufacturers.
Summary
Karooooo Ltd showcases strong revenue growth and a global footprint in the telematics and fleet management space. Its proprietary technology and established customer base are key strengths. However, it faces competition from larger players and exposure to emerging market risks. Strategic initiatives and continued innovation are crucial for sustained growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Analyst Reports
- Industry Research Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance are subject to change.
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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