Karooooo: High-Quality SaaS At A Reasonable Valuation [Seeking Alpha]
Karooooo Ltd. - Ordinary shares (KARO)
Company Research
Source: Seeking Alpha
The company's main KPI is the number of paying subscribers, which is expected to reach 2.2M to 2.4M by 2025. Karooooo has partnered with auto manufacturers and expects these partnerships to contribute to its results in the medium term. NASDAQ: KARO a long runway for growth and investors should buy stock at the current enterprise value of ~$840M USD. 1.186M subscribers to 1.443M subscribers since my last update. Asia, the US, and the Middle East are growing at a faster rate from a lower base, going from 0.145M subscribers to 0.230M subscribers. Management has stated that growth in Southeast Asia is the best medium-term opportunity for the company. The CEO responded to a question on the Q2-24 conference all about doubling subscribers every four years, “Currently, we're growing slightly slower than we did in those years… We certainly are getting momentum, and our intention is to grow to more than double our subscriber base in less than four years. So, it's just a question of us ge
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High impacting Karooooo Ltd. - Ordinary shares news events
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KARO
News
- Karooooo Full Year 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Karooooo: Optimistic Near-Term Outlook [Seeking Alpha]Seeking Alpha
- Best Momentum Stocks to Buy for May 20th [Yahoo! Finance]Yahoo! Finance
- Karooooo Reports Strong Customer Acquisition With Annual EPS up 24% and Q4 EPS up by 45%Business Wire
- Karooooo to Announce Fourth Quarter and Full Year 2024 Results on May 15, 2024Business Wire
KARO
Earnings
- 5/15/24 - Beat
KARO
Sec Filings
- 6/14/24 - Form 6-K
- 6/13/24 - Form 20-F
- 5/30/24 - Form SD
- KARO's page on the SEC website