Karooooo (KARO)
Connects fleet intelligence with B2B delivery operations.
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Cartrack sells subscription-based operational intelligence for fleets and connected assets, supplemented by device sales in some enterprise cases. Karooooo Logistics adds B2B delivery operations, extending the group beyond vehicle and asset management.
Cartrack provides operational intelligence for fleets and other connected assets, spanning fleet and asset management, fuel, workforce, logistics, safety, compliance, risk, and environmental impact. Its subscriptions can bundle telematics devices, while some enterprise sales are non-bundled device sales.
Karooooo Logistics adds last-mile B2B delivery and operational-logistics capabilities. The group serves customers in more than 20 countries from a Singapore-headquartered parent, with operating roots in South Africa.
Its model depends on processing connected-asset data and supporting customers' physical operations. Carzuka has been integrated into Cartrack and is no longer a standalone business.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 17, 2026 | Roth Capital | Reiterate | Rating: —Target: $68 | Target: $74 |
| Jul 17, 2026 | Freedom Broker | Downgrade | ||
| Jul 16, 2026 | UBS | Reiterate | Rating: —Target: $60 | Target: $75 |
| Jul 14, 2026 | Needham | Reiterate | Rating: —Target: $60 | Target: $70 |
| May 14, 2026 | Roth Capital | Target | Target: $62 | Target: $68 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 31, 2026Cash & short-term investments $68.3M · Total debt $66.2M · Total assets $387.9M · Shareholders' equity $221.0M
- Revenue
- $96.4M
- Operating income
- $25.3M
- Net income
- $18.1M
Reported in ZAR, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 14.51% | 4.48M ADS | |
|---|---|---|---|
| 84 holders · as of Jun 30, 2026 | |||
| Insiders | 136.13% | 42.06M ADS | |
| 4 holders · as of Aug 27, 2026 | |||
| Adds to | 150.64% | ||
30.89M ADS as of Sep 8, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Feb 2023 annual report; nothing newer is on file here.
These groups come from separate filings that can overlap, so they add to 150.64%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Isaias (Zak) Jose CalistoInsider | 68.52% | 21.17M | filed Jun 17, 2025 |
Isaias Jose CalistoInsiderdirector, officer: CEO & Executive Chairman | 57.07% | 17.63M ordinary | filed Aug 27, 2026 |
Juan MaraisInsiderofficer: Chief Sales Officer | 10.52% | 3.25M ordinary | filed Mar 18, 2026 |
Gobi Capital LLCInstitution | 7.41% | 2.29M ADS | as of Jun 30, 2026 |
Capricorn Fund Managers LtdInstitution | 1.03% | 319,346 ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Isaias Jose Calisto | director, officer: CEO & Executive Chairman | −23 | $64.00 |
| Aug 25, 2026 | Isaias Jose Calisto | director, officer: CEO & Executive Chairman | −336 | $64.15 |
| Aug 24, 2026 | Isaias Jose Calisto | director, 10 percent owner, officer: CEO & Executive Chairman | −9,315 | $64.35 |
| Aug 21, 2026 | Isaias Jose Calisto | director, 10 percent owner, officer: CEO Executive Chairman | −6,202 | $63.50 |
| Aug 19, 2026 | Isaias Jose Calisto | director, 10 percent owner, officer: CEO & Executive Chairman | −1,193 | $63.13 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Karooooo | $64.72 | −1.09% | $2.02B | 32.2 | 33.2 | 5.7 | +36.0% |
| Verizon | $46.87 | −1.70% | $199.09B | 12.4 | 9.2 | 1.4 | −0.7% |
| PowerFleet | $2.94 | +2.98% | $382.5M | — | 66.5 | 0.8 | +6.4% |
| Median | 12.4 | 37.8 | 1.1 | +2.8% |