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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 $27.54, up 0.15% from the previous day, and has increased 29.3% in one year. It has underperformed other stocks in the Software - Application industry by 0.04 percentage points. Karooooo stock is currently +48.14% from its 52-week low of $18.59, and -13.94% from its 52-week high of $32.00.

As of May 17, 2024, there are 30.95M shares of KARO outstanding. The market capitalization of KARO is $852.39M. In the last 24 hours, 5668 KARO shares were traded.

How to Buy Karooooo Stock

Wondering how to invest in Karooooo stock? Here's how.
  1. 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.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your brokerage account: Pick your payment method and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

Our favorite brokerage: eToro

In our opinion, eToro is the best stock brokerage. eToro gives you:

  • You can invest in stocks with zero commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
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  • Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
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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.

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Step 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

  1. Click here to get started.
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  2. Enter your personal data to create a new trading account.
  1. Send your info by clicking the "Create Account" button.
  2. Get started with eToro today
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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.

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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

KARO Price
$27.54
1w %
2.88%
1y %
29.3%
5y %
N/A
P/E
21.72x
P/B
5.41x
P/S
3.81x
PEG
0.6x
Revenue
$223.58M
Earnings
$39.24M
Fore. Rev. Growth
10.03%
Fore. Earn. Growth
40.19%
Market Cap
$852.39M
Next Earnings
Jul 17, 2024
Next Dividend
N/A

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 21.72x, relative to Software - Application industry P/E ratio of 32.16x
  • KARO could be undervalued based on its P/B ratio of 5.41x, relative to Software - Application industry P/B ratio of 6.56x
  • KARO could be undervalued based on its PEG ratio of 0.6x

You can do additional valuation research on KARO's stock here.

KARO Financials at a glance

Pros:

  • KARO's operating cash flow of $53.07M allows it to safely service it's debt of $14.18M.
  • KARO earnings of $56.65M is not enough to cover its interest payments.
  • KARO profit margin has gone up from 17% to 17.6% 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 0.45.

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

SMA10
27.31
SMA20
28.14
SMA50
26.85
SMA100
25.8
SMA200
24.69
MACD
0.04
MACD Signal
0.24
MACD Histogram
-0.2
RSI
50.91
Stochastic %K
28.89
Stochastic %D
21.69
StochRSI %K
25
StochRSI %D
16.25

KARO Growth Metrics

Last year, KARO earnings were $39.24M. During the past 5 year, KARO's earnings have grown by 14.34% per year. This was slower than the Software - Application industry average of 37.91%.

Last year, KARO revenue was $223.58M. In the last five year, KARO's revenue has grown by 13.24% per year. This was slower than the Software - Application industry average of 29.59%.

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:

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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
There is no news on the companies in your watchlist or you don't have enough companies added to your list.

How to Buy Stock in Karooooo

To reiterate, here are the 6 steps to buy stock in Karooooo:

  1. Choose where to buy Karooooo stock
  2. Open a brokerage account
  3. Fund your brokerage account
  4. Analyze Karooooo stock
  5. Make your KARO buy order
  6. Get the latest scoop on your investment in KARO

If you need a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest scoop on your investment in Karooooo, click below.

NASDAQ: KARO
$27.54+0.04 (+0.15%)
Updated May 17, 2024
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NASDAQ: KARO
$27.54+0.04 (+0.15%)
Updated May 17, 2024
Open eToro Account

FAQ

How much does it cost to buy one Karooooo share?

As of May 17, 2024, it costs $27.54 to buy one share of Karooooo stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.363 shares of KARO.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Karooooo stock?

According to 2 Wall Street analysts who monitor Karooooo, their consensus recommendation is to buy Karooooo stock.

What is the best way to buy Karooooo stock?

One way to place an order for Karooooo stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.