
Karooooo (KARO) Stock Forecast & Price Target
Karooooo (KARO) Analyst Ratings
Bulls say
Karooooo Ltd has demonstrated significant financial growth, with revenues increasing from 457 million ZAR in FY23 to 649 million ZAR in FY24, reflecting a robust upward trend. The company's competitive edge in the telematics space is attributed to continuous innovation through its Cartrack segment, which enhances customer value and supports strong customer retention. Furthermore, projections indicate a 15% growth in subscribers for FY26, indicating sustained market penetration and demand for the company's smart mobility solutions.
Bears say
Karooooo Ltd faces a negative outlook primarily due to competitive risks and potential pricing degradation, which could lead to subscription growth falling below the anticipated 17%. This slowdown in subscription growth is expected to result in multiple contraction and lower revenue estimates, exacerbating concerns about the company's financial health. Additionally, the significant reduction in equipment manufacturing and data costs over the last two decades may intensify market competition, further impacting Karooooo's profitability.
This aggregate rating is based on analysts' research of Karooooo and is not a guaranteed prediction by Public.com or investment advice.
Karooooo (KARO) Analyst Forecast & Price Prediction
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