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Karooooo ( (KARO) ) has issued an announcement.
On October 14, 2025, Karooooo Ltd. announced its unaudited financial results for the second quarter and half-year of 2026, showing significant growth in several key areas. The company reported a 20% year-over-year increase in Cartrack’s subscription revenue and SaaS annualized recurring revenue, alongside a 15% rise in subscribers, reaching 2.5 million. Karooooo’s adjusted earnings per share rose by 13%, and the company reaffirmed its fiscal year 2026 outlook, highlighting its ability to scale and maintain a strong financial position. These results underscore Karooooo’s robust market positioning and potential positive implications for stakeholders.
The most recent analyst rating on (KARO) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on Karooooo stock, see the KARO Stock Forecast page.
Spark’s Take on KARO Stock
According to Spark, TipRanks’ AI Analyst, KARO is a Outperform.
Karooooo’s strong financial performance and positive earnings call sentiment are the primary drivers of its high score. While technical indicators show bullish momentum, the high P/E ratio suggests a premium valuation. The company’s strategic expansion efforts and robust cash flow management further support its favorable outlook.
To see Spark’s full report on KARO stock, click here.
More about Karooooo
Karooooo Ltd. is a company operating in the telematics and logistics industry, primarily offering subscription-based services through Cartrack, which it wholly owns, and Karooooo Logistics, in which it holds a 74.8% stake. The company focuses on providing software-as-a-service (SaaS) solutions and delivery-as-a-service (DaaS) for business-to-business (B2B) clients, with a strong emphasis on innovation and financial discipline.
Average Trading Volume: 52,469
Technical Sentiment Signal: Buy
Current Market Cap: $1.59B
See more data about KARO stock on TipRanks’ Stock Analysis page.