Morgan Stanley initiated coverage on Karooooo Ltd. with a new price target
$KARO
Computer Software: Prepackaged Software
Technology
Morgan Stanley initiated coverage of Karooooo Ltd. with a rating of Overweight and set a new price target of $45.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/23/2023 | $26.00 | Buy → Hold | Stifel |
| 7/14/2021 | $45.00 → $43.00 | Overweight | Morgan Stanley |
6-K - Karooooo Ltd. (0001828102) (Filer)
6-K - Karooooo Ltd. (0001828102) (Filer)
6-K - Karooooo Ltd. (0001828102) (Filer)
Karooooo Limited ("Karooooo") reported strong results and a positive outlook in the second quarter ("Q2 2025") and Half-Year ("HY 2025") ended August 31, 2024. Karooooo owns 100% of Cartrack and 74.8% of Karooooo Logistics, (collectively, "the group"). Financial and operational highlights include: Karooooo subscribers increased 17% Y/Y to 2.14 million Cartrack net subscriber additions increased 18% Y/Y to a record 89,168 Cartrack gross margin improved approximately 300bps Y/Y to 74% Karooooo adjusted earnings per share increased 31% Y/Y to a record ZAR7.35 Raising FY25 outlook for subscribers and Cartrack subscription revenue at midpoint Zak Calisto, CEO and Founder: "We deliv
Karooooo Limited (NASDAQ:KARO) ("Karooooo" or "the Company"), which owns 100% of Cartrack and 74.8% of Karooooo Logistics, announced that the Company will release its Second Quarter 2025 Financial Results on Monday, October 14, 2024 shortly after 04:00 p.m. Eastern Time. Webcast: The Company will host a corresponding Zoom webinar on Tuesday, October 15, 2024 at 08:00 a.m. Eastern Time (02:00 p.m. South African time; 08:00 p.m. Singaporean time). Investors are invited to join the Zoom webinar at: https://us02web.zoom.us/j/82027776209 Webinar ID: 820 2777 6209 Telephone: US (New York) Toll-free: +1 646 558 8656 South Africa Toll-free: +27 87 551 7702 A replay will be available at www
Karooooo Ltd. ("Karooooo") today announced that Isaias (Zak) Jose Calisto (the "Selling Shareholder"), Karooooo's Chief Executive Officer, has terminated the underwritten secondary public offering (the "Offering") of ordinary shares previously announced on July 24, 2024. Though the proposed Offering, which was undertaken by the Selling Shareholder with the goal of improving liquidity for investors, was met with significant investor interest and an oversubscription of demand, the Selling Shareholder determined that recent changes in market conditions and the resulting impact on the share price made it inappropriate to proceed with the Offering at the current time. As a result of such termina
Stifel downgraded Karooooo Ltd. from Buy to Hold and set a new price target of $26.00
Morgan Stanley reiterated coverage of Karooooo with a rating of Overweight and set a new price target of $43.00 from $45.00 previously
Raymond James initiated coverage of Karooooo with a rating of Outperform and set a new price target of $45.00
Shares of General Dynamics Corporation (NYSE:GD) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter EPS results. Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29, according to data from Benzinga Pro. General Dynamics shares declined 5.2% to $279.26 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers NuZee, Inc. (NASDAQ:NUZE) jumped 192% to $3.01. Dermata Therapeutics, Inc. (NASDAQ:DRMA) rose 142.4% to $3.0799 after falling over 22% on Tuesday. Selina Hospitality PLC
SC 13D/A - Karooooo Ltd. (0001828102) (Subject)
SC 13G/A - Karooooo Ltd. (0001828102) (Subject)
SC 13G/A - Karooooo Ltd. (0001828102) (Subject)
Karooooo, that owns 100% of Cartrack and 74.8% of Karooooo Logistics, reported strong results for the quarter ended May 31, 2024 ("Q1 2025") and retained its positive outlook for the year. Zak Calisto, CEO and Founder: "The group's robust results, distribution expansion, vertically-integrated cloud platform enhancements, new generation AI-Powered telemetry and the prospect of improved economic conditions in South Africa, give us confidence that we can continue to extend our long-standing track record of strong customer acquisition and profitable growth at scale. Based on actionable data, we help our customers easily make decisions that improve their businesses and drive safety in thei
Karooooo, that owns 100% of Cartrack, a leading provider of data analytics and business intelligence, reported strong results for the second quarter ("Q2 2024") and Half-Year ("HY 2024") ended August 31, 2023. These consistent results extend the group's track record of growth at scale, profitability and cash generation over more than a decade. Karooooo is a leading global provider of an on-the-ground operational IoT SaaS cloud that assists thousands of enterprise customers digitally transform their operations using real-time data analytics, with over 1,875,000 connected vehicles and assets as at the date of this press release. Zak Calisto, CEO and Founder, said: "Our proven, robust an
Fourth Quarter and full year 2022 Financial Results to be reported on April 27, 2022 Karooooo Ltd. ("Karooooo") (NASDAQ:KARO), which owns 100% of Cartrack Holdings ("Cartrack"), is a leading global provider of an on-the-ground operational IOT SaaS cloud that maximizes the value of transportation, operations and workflow data by providing insightful real-time data analytics to over 1,525,000 connected vehicles and equipment. Strong momentum in the number of subscribers carried through for the 2022 financial year ("2022"), ended February 28, 2022. The growing demand by small to large enterprises wanting to digitally transform their business to remain competitive prevailed throughout 2022.
SINGAPORE, June 25, 2021 /PRNewswire/ -- Karooooo Ltd. ("Karooooo" or the "Company") (NASDAQ:KARO), a leading global provider of a mobility SaaS platform that maximizes the value of automotive and workflow data by providing real-time data analytics solutions for smart transportation, today announced that Kim White has been appointed as an independent non-executive director to the board of directors of Karooooo ("Board") and member of the Audit and Risk Committee with immediate effect. Kim served on the board of Cartrack Holdings Limited ("Cartrack") as an independent non-execu