Karooooo Ltd. provides mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States. The company offers comprehensive fleet management SaaS platform that provides real-time insights; LiveVision, which offers comprehensive pro-active risk management and fleet visibility; MiFleet advanced fleet administration and business intelligence that provides cost management and administration capability services; Communicator, a software application enabling mobile device tracking and user management; asset tracking for tracking and tracing moveable assets; asset recovery services that assists vehicle owners and insurance companies with the recovery of vehicles and other assets; and insurance telematics, which allows insurers to tailor premiums for commercial and consumer customers using analytics. It also provides 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 specialist mobility solutions that include Bike Track, a GPS-based solution providing a comprehensive set of fleet management software features for commercial motorbike fleets; Credit Management that predicts payment cycles and facilitate active credit management for asset-based vehicle finance; and electronic monitoring services application, which allows law enforcement agencies to monitor persons of interest. Further, it provides mobility and monitoring solutions, such as Carzuka, cartrack insurance agency, and on-demand rideshare taxi application, as well as smart IoT products. The company offers its solutions through direct sales force to consumers and sole proprietors, small and medium-sized businesses, large enterprises, and other connected devices. Karooooo Ltd. was founded in 2001 and is headquartered in Singapore.
IPO Year: 2021
Exchange: NASDAQ
Website: karooooo.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/29/2025 | $60.00 | Buy | UBS |
| 7/16/2025 | $60.00 | Buy | Needham |
| 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)
6-K - Karooooo Ltd. (0001828102) (Filer)
6-K - Karooooo Ltd. (0001828102) (Filer)
6-K - Karooooo Ltd. (0001828102) (Filer)
6-K - Karooooo Ltd. (0001828102) (Filer)
6-K - Karooooo Ltd. (0001828102) (Filer)
6-K - Karooooo Ltd. (0001828102) (Filer)
424B7 - Karooooo Ltd. (0001828102) (Filer)
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UBS initiated coverage of Karooooo Ltd. with a rating of Buy and set a new price target of $60.00
Needham initiated coverage of Karooooo Ltd. with a rating of Buy and set a new price target of $60.00
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
Stifel reiterated coverage of Karooooo with a rating of Buy and set a new price target of $51.00
Canaccord Genuity initiated coverage of Karooooo Ltd. with a rating of Buy and set a new price target of $45.00
Morgan Stanley initiated coverage of Karooooo Ltd. with a rating of Overweight and set a new price target of $45.00
BofA Securities initiated coverage of Karooooo Ltd. with a rating of Buy and set a new price target of $52.00
William Blair initiated coverage of Karooooo Ltd. with a rating of Outperform
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Fleet operators gain secure, real-time access to connected trailer data with seamless integration into Cartrack's Software-as-a-Service (SaaS) fleet platform. Cartrack, a leading global mobility solutions provider and subsidiary of Karooooo Limited (NASDAQ:KARO), has entered into a partnership with Schmitz Cargobull, Europe's premier manufacturer of semi-trailers and a trailblazer in digital trailer connectivity. The partnership enables seamless integration of TrailerConnect® telematics data into Cartrack's platform, giving transport operators real-time visibility and complete control over their fleet operations, with the integration taking place automatically when a customer opts in an
The Group's inclusion highlights growth delivered from one of the highest revenue bases on the list, underpinned by Cartrack's operational intelligence platform and expansive global operations Karooooo Ltd. (NASDAQ:KARO), the global provider of mobility and operational intelligence solutions and parent company of Cartrack, today announced that it earned a place on Singapore's Fastest-Growing Companies 2026, an annual ranking compiled by global research firm Statista, in collaboration with The Straits Times, Singapore's leading newspaper. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260204509822/en/Karooooo has been recognise
Karooooo Limited ("Karooooo") reported strong results and a positive outlook in the third quarter ("Q3 2026") ended November 30, 2025. Karooooo owns 100% of Cartrack and 81% of Karooooo Logistics, (collectively, "the group"). Q3 2026 Financial highlights include: Cartrack's SaaS annualized recurring revenue ("ARR") growth accelerated to 22% Y/Y reaching ZAR5,106 million SaaS ARR in USD accelerated to 28% Y/Y reaching USD298 million Cartrack subscription revenue increased 20% Y/Y to ZAR1,236 million Cartrack subscribers increased 16% Y/Y to 2.6 million Net Cartrack subscriber additions increased 29% Y/Y to a record of 111,478 "Our Q3 performance reflects our consistent an
Karooooo Limited (NASDAQ:KARO) ("Karooooo" or "the Company"), which owns 100% of Cartrack and 81% of Karooooo Logistics, announced that the Company will release its Third Quarter 2026 Financial Results on Tuesday, January 20, 2026 shortly after 04:00 p.m. Eastern Time. Webcast: The Company will host a corresponding Zoom webinar on Wednesday, January 21, 2026 at 08:00 a.m. Eastern Time (03:00 p.m. South African time; 09:00 p.m. Singaporean time). Investors, analysts and media are invited to join the Zoom webinar at: https://us02web.zoom.us/j/82611545679 Webinar ID: 826 1154 5679 Telephone: US (New York) Toll-free: +1 646 558 8656 South Africa Toll-free: +27 87 551 7702 A repla
Karooooo (KARO), a smart mobility SaaS platform provider for connected vehicles and other mobile assets, today announced that Chief Strategy & Marketing Officer Carmen Calisto will participate in the UBS Global Technology and AI Conference on Wednesday, December 3rd at 6:15 p.m. ET and the Raymond James TMT & Consumer Conference on Tuesday, December 9th at 3:00 p.m. ET. A live webcast of the presentations will be available in the Events and Presentations section of Karooooo Investor Relations website at karooooo.com. About Karooooo Karooooo digitally transforms physical operations by simplifying decision making. Through its cloud platform, Karooooo empowers businesses to conquer operatio
The partnership unlocks seamless access to OEM vehicle data across six Volkswagen Group brands - with rapid onboarding and full compliance with European data privacy standards. Cartrack, a leading global mobility solutions provider and subsidiary of Karooooo Limited (NASDAQ:KARO), today announced its partnership with Volkswagen Group Info Services AG to integrate multi-brand vehicle data across Europe. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251118876264/en/Cartrack, a leading global mobility solutions provider, announced its partnership with Volkswagen Group Info Services AG to integrate multi-brand vehicle data
Karooooo Limited ("Karooooo") reported strong results and a positive outlook in the second quarter ("Q2 2026") ended August 31, 2025. Karooooo owns 100% of Cartrack and 74.8% of Karooooo Logistics, (collectively, "the group"). Financial highlights include: Cartrack's quarterly subscription revenue increased 20% to ZAR1,180 million (Q2 2025: ZAR983 million) Cartrack's SaaS annualized recurring revenue ("ARR") as at August 31, 2025, increased 20% to ZAR4,806 million (August 31, 2024: ZAR3,990 million) Karooooo's quarterly Adjusted EPS increased 13% Y/Y to ZAR8.28 (Q2 2025: ZAR7.35) Karooooo's subscribers increased 15% to 2.5 million (Q2 2025: 2.1 million) Zak Calisto, CEO and
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 2026 Financial Results on Tuesday, October 14, 2025 shortly after 04:00 p.m. Eastern Time. Webcast: The Company will host a corresponding Zoom webinar on Wednesday, October 15, 2025 at 08:00 a.m. Eastern Time (02:00 p.m. South African time; 08:00 p.m. Singaporean time). Investors, analysts and media are invited to join the Zoom webinar at: https://us02web.zoom.us/j/87159858849 Webinar ID: 871 5985 8849 Telephone: US (New York) Toll-free: +1 646 558 8656 South Africa Toll-free: +27 87 551 7702 A re
Karooooo Limited ("Karooooo") reported strong results for the first quarter ("Q1 2026") ended May 31, 2025. Karooooo owns 100% of Cartrack and 74.8% of Karooooo Logistics. Q1 2026 highlights include: Q1 Cartrack Subscription Revenue growth accelerated to 19% Y/Y Karooooo EPS increased 19% Y/Y to ZAR8.55 (Q1 2025: ZAR7.17) Karooooo Subscribers increased 17% to 2.4 million (Q1 2025: 2.0 million) Zak Calisto, CEO and Founder: "We are pleased to report a strong start to FY 2026 highlighted by accelerating Cartrack subscription revenue growth across all regions. We are realizing the benefits of our extensive footprint, and we believe that we remain well positioned to build our cu
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 First Quarter 2026 Financial Results on Tuesday, July 22, 2025 shortly after 04:00 p.m. Eastern Time. Webcast: The Company will host a corresponding Zoom webinar on Wednesday, July 23, 2025 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/83241343701 Webinar ID: 832 4134 3701 Telephone: US (New York) Toll-free: +1 646 558 8656 South Africa Toll-free: +27 87 551 7702 A replay will be available at
Live Leadership Updates
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
Live finance-specific insights
Karooooo Limited ("Karooooo") reported strong results and a positive outlook in the second quarter ("Q2 2026") ended August 31, 2025. Karooooo owns 100% of Cartrack and 74.8% of Karooooo Logistics, (collectively, "the group"). Financial highlights include: Cartrack's quarterly subscription revenue increased 20% to ZAR1,180 million (Q2 2025: ZAR983 million) Cartrack's SaaS annualized recurring revenue ("ARR") as at August 31, 2025, increased 20% to ZAR4,806 million (August 31, 2024: ZAR3,990 million) Karooooo's quarterly Adjusted EPS increased 13% Y/Y to ZAR8.28 (Q2 2025: ZAR7.35) Karooooo's subscribers increased 15% to 2.5 million (Q2 2025: 2.1 million) Zak Calisto, CEO and
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.
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