How to Buy Karooooo Stock
Karooooo Ltd
Karooooo Ltd. provides mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States.
Karooooo stock last closed at $27.09, up 0% from the previous day, and has increased 17.99% in one year. It has underperformed other stocks in the Software - Application industry by 0.04 percentage points. Karooooo stock is currently +45.72% from its 52-week low of $18.59, and -0.04% from its 52-week high of $27.10.
As of Apr 22, 2024, there are 30.95M shares of KARO outstanding. The market capitalization of KARO is $838.47M. In the last 24 hours, 5303 KARO shares were traded.
How to Buy Karooooo Stock
Wondering how to invest in Karooooo stock? Here's how.
- Choose where to buy Karooooo stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Karooooo stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Pick your payment method and add your details.
- Analyze Karooooo stock: The Karooooo ticker symbol is KARO. Is Karooooo stock a good investment? Should you buy shares of KARO? How do KARO's underlying business fundamentals look? Do top analysts think Karooooo is a good buy? Why has KARO's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if KARO is a good stock to buy).
- Make your KARO buy order: Decide if you will purchase KARO shares at the current market price or use a limit order to buy KARO shares at a particular price.
- Get the latest scoop on your investment in KARO: Create a watchlist to keep tabs on your position in Karooooo stock.
Step 1: Choose where to buy Karooooo stock
You need an online brokerage account to access the NASDAQ market and buy KARO stock.
Our favorite brokerage: eToro
In our opinion, eToro is the best stock brokerage. eToro gives you:
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- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the best brokerage, you need to fill out some personal info so you are able to invest in KARO stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create a new trading account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on investing apps, you can securely and quickly fund your account:
Watch the tutorial below for more details transferring funds into your investment account.
Step 4: Analyze Karooooo stock
Once you have identified the best place to buy Karooooo stock, it's critical to analyze their stock prior to buying, so you truly wrap your head around the risk as well as the upside.
Karooooo Numbers
Karooooo Fundamentals
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on KARO's stock page.
How is KARO stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge KARO's intrinsic value.
Using relative valuations metrics:
- KARO could be undervalued based on its P/E ratio of 23.93x, relative to Software - Application industry P/E ratio of 100.33x
- KARO could be undervalued based on its P/B ratio of 5.91x, relative to Software - Application industry P/B ratio of 6.39x
- KARO could be undervalued based on its PEG ratio of 0.51x
You can do additional valuation research on KARO's stock here.
KARO Financials at a glance
Pros:
- KARO's operating cash flow of $71.20M allows it to safely service it's debt of $13.03M.
- KARO earnings of $52.24M is not enough to cover its interest payments.
- KARO profit margin has gone up from 16.4% to 16.7% in the past year.
- There are more short-term assets than short-term liabilities on the KARO balance sheet.
- There are more short-term assets than long-term liabilities on the KARO balance sheet.
Cons:
- KARO has a relatively high debt to equity ratio of 0.49.
Do Wall Street analysts think it's a good time to buy KARO stock
Out of 2 sell side analysts who give recommendations on KARO, the consensus analyst rating on Karooooo is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Karooooo stock forecast page.
KARO Technical Indicators
KARO Growth Metrics
Last year, KARO earnings were $35.03M. During the past 3 year, KARO's earnings have grown by 42.2% per year. This was faster than the Software - Application industry average of 31.39%.
Last year, KARO revenue was $209.97M. In the last three year, KARO's revenue has grown by 79.69% per year. This was faster than the Software - Application industry average of 27.53%.
You can research KARO's earnings and revenue performance here.
Are KARO insiders buying or selling the stock?
Over the past year, insiders at KARO have not bought or sold any shares.
Learn more about who owns KARO stock here.
Can I get consistent income from KARO stock?
No, Karooooo doesn't provide an income stream by paying out dividends.
KARO Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your KARO buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price, use a limit order.
Click the Open button and eToro will execute your order.
If you want more help with buying stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your investment in KARO
Now that you own some KARO stock, you'll want to stay up-to-date on your new company.
Start a watchlist to track the latest developments regarding your KARO stock.
KARO Feed
No news
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How to Buy Stock in Karooooo
To reiterate, here are the 6 steps to buy stock in Karooooo:
- Choose where to buy Karooooo stock
- Open a brokerage account
- Fund your brokerage account
- Analyze Karooooo stock
- Make your KARO buy order
- Get the latest scoop on your investment in KARO
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Karooooo, click below.
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