Karooooo Demonstrates Its Ability to Grow at Scale, Expand Margins and Deliver Record Earnings [Yahoo! Finance]
Karooooo Ltd. - Ordinary shares (KARO)
Company Research
Source: Yahoo! Finance
Zak Calisto, CEO and Founder: "These results extend the group's track record of robust growth at scale, profitability and cash generation over more than a decade. The group's success is underpinned by an entrepreneurial, innovative, agile and customer-centric culture with a prudent capital allocation strategy focused on growth. We remain confident that our track record of customer retention and our ability to continuously increase our value proposition puts us in a unique position to continue to increase our market share." Cartrack's total subscriber base increased by 14% to 1,908,192 at November 30, 2023 (Q3 2023: 1,678,606), with net subscriber additions for the year-to-date up by 25% to 191,115 (YTD Q3 2023: 152,634). In Q3 2024, our subscription revenue grew 17% to ZAR904 million (Q3 2023: ZAR772 million) and ARR grew 20% to ZAR3,711 million (Q3 2023: ZAR3,097 million). Cartrack grew revenue by 14% to ZAR919 million (Q3 2023: ZAR804 million). Subscription revenue equate
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KARO
News
- Here's Why Karooooo (NASDAQ:KARO) Has Caught The Eye Of Investors [Yahoo! Finance]Yahoo! Finance
- Karooooo Ltd. (NASDAQ: KARO) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $31.00 price target on the stock.MarketBeat
- An Intrinsic Calculation For Karooooo Ltd. (NASDAQ:KARO) Suggests It's 32% Undervalued [Yahoo! Finance]Yahoo! Finance
- With 75% ownership, Karooooo Ltd. (NASDAQ:KARO) insiders have a lot at stake [Yahoo! Finance]Yahoo! Finance
- Is Karooooo Ltd. (NASDAQ:KARO) Potentially Undervalued? [Yahoo! Finance]Yahoo! Finance
KARO
Earnings
- 1/22/24 - Beat
KARO
Sec Filings
- 2/14/24 - Form SC
- 2/9/24 - Form 6-K
- KARO's page on the SEC website