Karooooo Ltd.
KARO · Services-Prepackaged Software · EDGAR filings ↗
Grade
A85Vertically integrated, scaled operational-intelligence/telematics franchise with top-decile returns and strong cash generation.
Strengths
- Top-decile returns and cash margins (ROIC 94.5th, ROA 95.9th, OCF margin 94th, operating margin 92nd)
- Durable model — 2.7M subscribers, 125k+ commercial customers, subscription revenue +19% and adjusted FCF +90%
Risks
- Reported revenue growth only 6% (22nd pct) — headline top-line modest despite subscription strength
- Emerging-market exposure (South Africa, FX, infrastructure/political risk) and competition from OEM-embedded telematics
Quarterly revenue
Last 2 quarters · from SEC filings.
Key metrics
Gross margin
70.1%
Operating margin
28.7%
Net margin
20.5%
Return on equity
28.9%
Return on assets
18.5%
ROIC
29.1%
Revenue growth (QoQ)
13.9%
Net-income growth
21.5%
Debt / equity
0.1×
Interest coverage
25.8×
Current ratio
1.1×
Free cash flow
$48M
Tangible book value
$163M
Cash & investments
$55M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-06-09 | 2026-02-28 | 0001213900-26-066795 ↗ |
| 20-F | 2025-06-09 | 2025-02-28 | 0001213900-25-052372 ↗ |
| 20-F | 2024-06-13 | 2024-02-29 | 0001213900-24-052510 ↗ |
| 20-F | 2023-06-13 | 2023-02-28 | 0001213900-23-048618 ↗ |
| 20-F | 2022-06-09 | 2022-02-28 | 0001213900-22-032010 ↗ |
| 20-F | 2021-06-28 | 2021-02-28 | 0001213900-21-034470 ↗ |