Recent Research Analysts’ Ratings Updates for Karooooo (KARO)

Karooooo (NASDAQ: KARO) recently received a number of ratings updates from brokerages and research firms:

• 7/17/2026 – Karooooo had its “buy” rating reaffirmed by Roth Capital. They now have a $74.00 price target on the stock.
• 7/17/2026 – Karooooo was downgraded by Freedom Capital from “strong-buy” to “hold”.
• 7/17/2026 – Karooooo had its price target raised by Raymond James Financial, Inc. from $60.00 to $75.00. They now have an “outperform” rating on the stock.
• 7/16/2026 – Karooooo had its “buy” rating reaffirmed by UBS Group AG. They now have a $75.00 price target on the stock.
• 7/14/2026 – Karooooo had its price target raised by Needham & Company LLC from $60.00 to $70.00. They now have a “buy” rating on the stock.
• 7/7/2026 – Karooooo was upgraded by Zacks Research from “hold” to “strong-buy”.
• 6/21/2026 – Karooooo was downgraded by Wall Street Zen from “buy” to “hold”.
• 6/13/2026 – Karooooo was upgraded by Wall Street Zen from “hold” to “buy”.
• 6/3/2026 – Karooooo had its “buy” rating reaffirmed by Needham & Company LLC.

Karooooo Increases Dividend

The company also recently announced an annual dividend, which was paid on Monday, July 27th. Investors of record on Friday, July 17th were paid a dividend of $1.50 per share. This is a boost from Karooooo’s previous annual dividend of $1.25. This represents a yield of 239.0%. The ex-dividend date of this dividend was Friday, July 17th. Karooooo’s payout ratio is 76.14%.

Insiders Place Their Bets

In related news, CEO Isaias Jose Calisto sold 25,913 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $63.44, for a total value of $1,643,920.72. Following the transaction, the chief executive officer owned 17,892,045 shares in the company, valued at $1,135,071,334.80. The trade was a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 74.73% of the stock is owned by corporate insiders.

Karooooo Ltd is a global provider of telematics software-as-a-service solutions for vehicle and fleet management. Through its flagship platform, the company delivers real-time GPS tracking, stolen vehicle recovery and driver behaviour analytics, enabling commercial fleets and automotive insurers to optimise operations, increase safety and reduce costs.

Karooooo’s SaaS platform integrates proprietary hardware devices with cloud-based analytics and mobile applications. Customers gain access to live vehicle location data, engine diagnostics, route planning tools and customizable reporting dashboards.