SINGAPORE--(BUSINESS WIRE)--Karooooo (KARO), a smart mobility SaaS platform provider for connected vehicles and other mobile assets, today announced that Group Chief Operating Officer Richard Schubert will participate in the Raymond James 26th Annual Institutional Investor Conference in Orlando, FL on Tuesday, March 4th at 4:35 p.m. ET. A live webcast of the presentation will be available in the Events and Presentations section of Karooooo Investor Relations website at karooooo.com. About Karoo.
Karooooo Ltd. (KARO) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.38 per share.
SINGAPORE--(BUSINESS WIRE)--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 Third Quarter 2025 Financial Results on Tuesday, January 14, 2025 shortly after 04:00 p.m. Eastern Time. Webcast: The Company will host a corresponding Zoom webinar on Wednesday, January 15, 2024 at 08:00 a.m. Eastern Time (03:00 p.m. South African time; 09:00 p.m. Singaporean time). Investors are invi.
Dublin, Oct. 30, 2024 (GLOBE NEWSWIRE) -- The "Fleet Management in Southeast Asia - 1st Edition" report has been added to ResearchAndMarkets.com's offering.
Karooooo is continuing to expand in Southeast Asia, leveraging favorable market conditions and an underpenetrated market. The Southeast Asian telematics market is projected to grow at a CAGR of 11.53% from 2024 to 2029, adding c3.4m IoT devices. KARO's experience in emerging markets and scalable solutions position it well to capture the growing demand for telematics in Southeast Asia.
Karooooo Ltd. is a SaaS mobility company with promising growth attributes, driven by its Cartrack and Logistics services. Despite a Q2 revenue miss, Karooooo's subscription revenue grew by 17%, and its earnings per share surged 31% year-over-year, conveying an exponential trajectory. Karooooo's logistics segment looks like a hidden asset, complementing its mature Cartrack business, which benefits from vehicle safety demands in South Africa.
Karooooo Ltd. reported mixed Q2 results, with strong subscriber growth and efficient margins but missed revenue expectations and faced challenges in Southeast Asia. Despite a 15% stock drop post-earnings, the company boasts an impressive 46.63% dividend growth over two years and a solid financial position. Management is optimistic about long-term growth, focusing on AI integration and expanding in Southeast Asia, despite potential short-term margin pressure and ARPU decline.
Karooooo Ltd. (KARO) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.38 per share.
Karooooo is a leading provider of an on-the-ground operations cloud, with Cartrack as its most important segment, contributing over 80% of revenue. The company flies under the radar due to its size and foreign operations, presenting a unique opportunity. Karooooo generates close to 80% of its revenue in South Africa, with Southeast Asia as its next big market.
SINGAPORE--(BUSINESS WIRE)--Karooooo Ltd. (“Karooooo”) today announced that Isaias (Zak) Jose Calisto (the “Selling Shareholder”), Karooooo's Chief Executive Officer, has terminated the underwritten secondary public offering (the “Offering”) of ordinary shares previously announced on July 24, 2024. Though the proposed Offering, which was undertaken by the Selling Shareholder with the goal of improving liquidity for investors, was met with significant investor interest and an oversubscription of.