SEC Form 6-K filed by Karooooo Ltd.

7/26/24 4:46:44 PM ET

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6-K 1 ea0210131-6k_karooooo.htm REPORT OF FOREIGN PRIVATE ISSUER

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

For the month of July, 2024

Commission File Number: 001-40300

KAROOOOO LTD.

(Exact name of registrant as specified in its charter)

1 Harbourfront Avenue

Keppel Bay Tower #14-07
Singapore 098632

+65 6255 4151

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Karooooo Ltd.

	By:	/s/ Isaias (Zak) Jose Calisto
		Name:	Isaias (Zak) Jose Calisto
		Title:	Chief Executive Officer

Date: July 26, 2024

1

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press release, dated July 26, 2024 - Karooooo Ltd. Announces Termination of Secondary Public Offering of Ordinary Shares Due to Market Conditions

2

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Recent Analyst Ratings for
$KARO

Date	Price Target	Rating	Analyst
1/23/2023	$26.00	Buy → Hold	Stifel
7/14/2021	$45.00 → $43.00	Overweight	Morgan Stanley

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Karooooo Increases Earnings by 31% Driven by Strong Subscription Revenue Growth and Higher Gross Margins
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
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Karooooo to Announce Second Quarter 2025 Results on October 14, 2024
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
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Karooooo Ltd. Announces Termination of Secondary Public Offering of Ordinary Shares Due to Market Conditions
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
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Karooooo Continues to Grow at Scale and Increases Earnings by 41%
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
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Karooooo Reports Record Subscription Revenue and Earnings in Q2 2024
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Karooooo's Strong Momentum in Number of Subscribers Carried Through for the 2022 Financial Year
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