Karooooo Ltd.

NasdaqCM:KARO Stock Report

Market Cap: US$1.5b

Karooooo Future Growth

Future criteria checks 3/6

Karooooo is forecast to grow earnings and revenue by 14.3% and 14.7% per annum respectively. EPS is expected to grow by 14.3% per annum. Return on equity is forecast to be 28.6% in 3 years.

Key information

14.3%

Earnings growth rate

14.29%

EPS growth rate

Software earnings growth18.6%
Revenue growth rate14.7%
Future return on equity28.61%
Analyst coverage

Good

Last updated17 Feb 2026

Recent future growth updates

Karooooo Ltd. (NASDAQ:KARO) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Oct 18
Karooooo Ltd. (NASDAQ:KARO) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

US$44.44 - That's What Analysts Think Karooooo Ltd. (NASDAQ:KARO) Is Worth After These Results

Oct 17
US$44.44 - That's What Analysts Think Karooooo Ltd. (NASDAQ:KARO) Is Worth After These Results

Recent updates

What Does Karooooo Ltd.'s (NASDAQ:KARO) Share Price Indicate?

Apr 19
What Does Karooooo Ltd.'s (NASDAQ:KARO) Share Price Indicate?

KARO: Underpenetrated Fleet Markets And New Offerings Will Support Future Expansion

Narrative Update on Karooooo The analyst price target for Karooooo has shifted to $62, with analysts pointing to steady expectations around fair value alongside updated views on discount rate, revenue growth, profit margin and future P/E. These views are supported by recent research highlighting the company’s global fleet management footprint, underpenetrated markets and newer products such as AI cameras, asset tracking tags and logistics solutions.

KARO: Future Upside Will Depend On Underpenetrated Markets And Product Expansion

Analysts have adjusted their price target on Karooooo to $60.54, reflecting updated views on the company’s growth potential in underpenetrated markets and its expanding product set, including AI cameras and asset tracking solutions. Analyst Commentary Recent Street research highlights a split view on Karooooo.

KARO: Future Upside Will Rely On Underpenetrated Markets Execution

The analyst price target for Karooooo has shifted slightly to $60.54, with analysts pointing to expectations for mid-teens revenue growth, a modestly higher assumed P/E multiple, and supportive views on underpenetrated markets and new product offerings as key drivers behind the updated valuation framework. Analyst Commentary Recent research coverage on Karooooo highlights a mix of supportive and cautious views.

KARO: Underpenetrated Fleet Markets Will Support Future Mid Teens Expansion

Narrative Update: Karooooo Analysts have fine tuned their assumptions for Karooooo, keeping fair value broadly unchanged around $66.27 while reflecting slightly higher discount rates, modestly stronger revenue growth expectations, stable profit margins, and a higher future P/E multiple, supported by recent research citing underpenetrated markets and new product rollouts in areas like AI cameras, asset tracking tags, and logistics as key drivers for mid teens growth. Analyst Commentary Recent Street research on Karooooo highlights a generally constructive tone around the business model and growth outlook.

KARO: Global Fleet Scale And New Products Will Support Stronger Medium Term Earnings

Narrative Update on Karooooo Analysts now see fair value for Karooooo at about $66, up from roughly $63. The revised price target reflects a slightly higher discount rate and future P/E assumptions, offset by modest tweaks to revenue growth and profit margin expectations, and is supported by recent research highlighting the company’s global fleet management position and product pipeline.

KARO: Future Upside Will Depend On Execution Against Tighter Assumptions

Analysts have trimmed their 12 month price target on Karooooo by about $2, pointing to modestly adjusted assumptions around the discount rate, revenue growth, profit margins, and future P/E as the key drivers of the change. Analyst Commentary Bearish analysts describe the roughly $2 trim to the 12 month price target as a reflection of more cautious assumptions rather than a wholesale change in their view of Karooooo.

KARO: Higher Fair Value Will Rely On Execution Against Tighter Assumptions

Analysts have revised their Karooooo fair value estimate from about $42.91 to $60.13, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E multiples after recent research commentary, including the latest price target adjustment from Freedom Capital. Analyst Commentary Bearish analysts have reacted to the recent research commentary by trimming their expectations, including a price target cut of $2 that fed into the revised fair value estimate of $60.13.

KARO: Reaffirmed 2026 Guidance Will Support Stronger Medium Term Earnings Outlook

Analysts have nudged their price target on Karooooo slightly higher to reflect a fair value of $63.14. They cite small adjustments to the discount rate, revenue growth outlook and assumed future P/E multiple as the key drivers of this refined view.

Is Now An Opportune Moment To Examine Karooooo Ltd. (NASDAQ:KARO)?

Jan 04
Is Now An Opportune Moment To Examine Karooooo Ltd. (NASDAQ:KARO)?

KARO: Reaffirmed 2026 Guidance Will Support Stronger Medium Term Earnings Outlook

Analysts have nudged their price target for Karooooo slightly higher to approximately $63.14 per share from about $63.08, citing marginally stronger projected revenue growth that more than offsets a modestly lower future earnings multiple. What's in the News Reaffirmed 2026 guidance for Cartrack subscription revenue between ZAR 4,700 million and ZAR 4,900 million, implying 16% to 21% growth (company guidance) Maintained 2026 target operating profit margin for Cartrack in the 26% to 31% range, signaling confidence in profitability despite growth investments (company guidance) Confirmed 2026 adjusted earnings per share outlook for Karooooo between ZAR 32.50 and ZAR 35.50, a non-IFRS measure used for longer term performance tracking (company guidance) Valuation Changes The fair value estimate has risen slightly to $63.14 per share from $63.08 per share, reflecting a marginally more optimistic outlook.

We Think Karooooo (NASDAQ:KARO) Can Stay On Top Of Its Debt

Dec 23
We Think Karooooo (NASDAQ:KARO) Can Stay On Top Of Its Debt

KARO: Index Inclusion Will Support Stronger Medium Term Earnings Outlook

Analysts have modestly raised their price target on Karooooo by about 7 percent to approximately $63, citing a slightly higher long term valuation multiple. This more than offsets marginally lower assumptions for revenue growth and profit margins.

Karooooo Ltd.'s (NASDAQ:KARO) Business Is Yet to Catch Up With Its Share Price

Nov 28
Karooooo Ltd.'s (NASDAQ:KARO) Business Is Yet to Catch Up With Its Share Price

Karooooo Ltd. (NASDAQ:KARO) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Oct 18
Karooooo Ltd. (NASDAQ:KARO) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Karooooo: Scaling Beyond South Africa's Moat

Sep 24

Karooooo Ltd. (NASDAQ:KARO) Shares Could Be 20% Above Their Intrinsic Value Estimate

Sep 13
Karooooo Ltd. (NASDAQ:KARO) Shares Could Be 20% Above Their Intrinsic Value Estimate

Southeast Asia And Europe Will Unlock Digital Fleet Upside

Karooooo’s consensus price target has increased to $60.54, reflecting stronger revenue forecasts and analyst confidence in its vertically integrated telematics model and exceptional customer retention. Analyst Commentary Bullish analysts highlight Karooooo’s vertically integrated telematics model, which spans installation to post-sale servicing, resulting in high customer satisfaction and market share expansion.

Karooooo's (NASDAQ:KARO) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 04
Karooooo's (NASDAQ:KARO) Shareholders Will Receive A Bigger Dividend Than Last Year

Is Now An Opportune Moment To Examine Karooooo Ltd. (NASDAQ:KARO)?

Jul 09
Is Now An Opportune Moment To Examine Karooooo Ltd. (NASDAQ:KARO)?

Karooooo Ltd.'s (NASDAQ:KARO) Shares Climb 39% But Its Business Is Yet to Catch Up

May 17
Karooooo Ltd.'s (NASDAQ:KARO) Shares Climb 39% But Its Business Is Yet to Catch Up

These 4 Measures Indicate That Karooooo (NASDAQ:KARO) Is Using Debt Safely

Apr 24
These 4 Measures Indicate That Karooooo (NASDAQ:KARO) Is Using Debt Safely

Karooooo Ltd. (NASDAQ:KARO) Shares Could Be 26% Above Their Intrinsic Value Estimate

Mar 22
Karooooo Ltd. (NASDAQ:KARO) Shares Could Be 26% Above Their Intrinsic Value Estimate

With EPS Growth And More, Karooooo (NASDAQ:KARO) Makes An Interesting Case

Mar 04
With EPS Growth And More, Karooooo (NASDAQ:KARO) Makes An Interesting Case

Investor Optimism Abounds Karooooo Ltd. (NASDAQ:KARO) But Growth Is Lacking

Feb 16
Investor Optimism Abounds Karooooo Ltd. (NASDAQ:KARO) But Growth Is Lacking

Karooooo Ltd.'s Q3 Earnings Highlight SaaS Strength, But Valuation Stretches

Jan 16

These 4 Measures Indicate That Karooooo (NASDAQ:KARO) Is Using Debt Safely

Jan 01
These 4 Measures Indicate That Karooooo (NASDAQ:KARO) Is Using Debt Safely

Is Now The Time To Put Karooooo (NASDAQ:KARO) On Your Watchlist?

Nov 28
Is Now The Time To Put Karooooo (NASDAQ:KARO) On Your Watchlist?
User avatar

Expanding In Southeast Asia And Reinforcing Logistics Propel Company Growth And Innovation

Karooooo's investment in Southeast Asia and AI-driven innovations is expected to significantly increase subscriber and revenue growth through improved customer retention and operational performance.

Why You Should Care About Karooooo's (NASDAQ:KARO) Strong Returns On Capital

Oct 31
Why You Should Care About Karooooo's (NASDAQ:KARO) Strong Returns On Capital

US$44.44 - That's What Analysts Think Karooooo Ltd. (NASDAQ:KARO) Is Worth After These Results

Oct 17
US$44.44 - That's What Analysts Think Karooooo Ltd. (NASDAQ:KARO) Is Worth After These Results

Karooooo: An Overlooked GARP Gem

Oct 17

Karooooo Ltd. (NASDAQ:KARO) Shares Could Be 32% Below Their Intrinsic Value Estimate

Aug 19
Karooooo Ltd. (NASDAQ:KARO) Shares Could Be 32% Below Their Intrinsic Value Estimate

There's Reason For Concern Over Karooooo Ltd.'s (NASDAQ:KARO) Massive 27% Price Jump

Aug 01
There's Reason For Concern Over Karooooo Ltd.'s (NASDAQ:KARO) Massive 27% Price Jump

Is It Time To Consider Buying Karooooo Ltd. (NASDAQ:KARO)?

Jun 25
Is It Time To Consider Buying Karooooo Ltd. (NASDAQ:KARO)?

With EPS Growth And More, Karooooo (NASDAQ:KARO) Makes An Interesting Case

Jun 12
With EPS Growth And More, Karooooo (NASDAQ:KARO) Makes An Interesting Case

Why Karooooo's (NASDAQ:KARO) Earnings Are Better Than They Seem

May 22
Why Karooooo's (NASDAQ:KARO) Earnings Are Better Than They Seem

Investors Could Be Concerned With Karooooo's (NASDAQ:KARO) Returns On Capital

Apr 25
Investors Could Be Concerned With Karooooo's (NASDAQ:KARO) Returns On Capital

Is Karooooo (NASDAQ:KARO) A Risky Investment?

Apr 10
Is Karooooo (NASDAQ:KARO) A Risky Investment?

An Intrinsic Calculation For Karooooo Ltd. (NASDAQ:KARO) Suggests It's 37% Undervalued

Feb 10
An Intrinsic Calculation For Karooooo Ltd. (NASDAQ:KARO) Suggests It's 37% Undervalued

Karooooo Ltd.'s (NASDAQ:KARO) Intrinsic Value Is Potentially 52% Above Its Share Price

Oct 07
Karooooo Ltd.'s (NASDAQ:KARO) Intrinsic Value Is Potentially 52% Above Its Share Price

Some Investors May Be Worried About Karooooo's (NASDAQ:KARO) Returns On Capital

Aug 31
Some Investors May Be Worried About Karooooo's (NASDAQ:KARO) Returns On Capital

Earnings and Revenue Growth Forecasts

NasdaqCM:KARO - Analysts future estimates and past financials data (ZAR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
2/29/20287,2571,4068812,4495
2/28/20276,3391,1687592,1096
2/28/20265,4641,0435631,8006
11/30/20255,2501,0226441,726N/A
8/31/20255,000996N/AN/AN/A
5/31/20254,7639646581,739N/A
2/28/20254,5679218521,933N/A
11/30/20244,4368816131,541N/A
8/31/20244,357840N/AN/AN/A
5/31/20244,2918024391,451N/A
2/29/20244,20673827955N/A
11/30/20234,0336737411,368N/A
8/31/20233,883622N/AN/AN/A
5/31/20233,7026013261,148N/A
2/28/20233,5075975001,127N/A
11/30/20223,3325484311,027N/A
8/31/20223,1225494531,049N/A
5/31/20222,921515381978N/A
2/28/20222,746450335932N/A
11/30/20212,620413371894N/A
8/31/20212,489354340864N/A
5/31/20212,382319450974N/A
2/28/20212,291318414938N/A
11/30/20202,185335515951N/A
2/29/20201,942290478901N/A
2/28/20191,693186N/A472N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: KARO's forecast earnings growth (14.3% per year) is above the savings rate (3.4%).

Earnings vs Market: KARO's earnings (14.3% per year) are forecast to grow slower than the US market (16.2% per year).

High Growth Earnings: KARO's earnings are forecast to grow, but not significantly.

Revenue vs Market: KARO's revenue (14.7% per year) is forecast to grow faster than the US market (11.1% per year).

High Growth Revenue: KARO's revenue (14.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: KARO's Return on Equity is forecast to be high in 3 years time (28.6%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/30 08:11
End of Day Share Price 2026/04/29 00:00
Earnings2025/11/30
Annual Earnings2025/02/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Karooooo Ltd. is covered by 9 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel BartusBofA Global Research
Thomas WalkleyCanaccord Genuity
Sergey GlinyanovFreedom Broker