Karooooo Announces Secondary Public Offering Pricing

Karooooo ( (KARO) ) just unveiled an announcement.

On June 11, 2025, Karooooo Ltd. announced the pricing of a secondary public offering of 1,500,000 ordinary shares held by CEO Isaias (Zak) Jose Calisto at $50.00 per share, expected to close on June 13, 2025. The offering, managed by UBS Securities LLC, William Blair & Company, and The Standard Bank of South Africa, will not provide proceeds to Karooooo but will maintain the selling shareholder’s significant ownership stake, impacting the company’s shareholding structure.

The most recent analyst rating on (KARO) stock is a Buy with a $31.00 price target. To see the full list of analyst forecasts on Karooooo stock, see the KARO Stock Forecast page.

Spark’s Take on KARO Stock

According to Spark, TipRanks’ AI Analyst, KARO is a Outperform.

Karooooo exhibits strong financial performance and positive earnings call sentiment, supported by significant revenue growth and strategic expansion, particularly in Southeast Asia. While the technical indicators suggest potential downward pressure, the company’s robust cash flow and moderate valuation provide a solid foundation for future growth. Minor challenges from currency fluctuations and promotional impacts warrant attention.

To see Spark’s full report on KARO stock, click here.

More about Karooooo

Karooooo is a company that digitally transforms physical operations by simplifying decision-making through its cloud platform. It offers services in fleet maintenance, fuel management, asset utilization, workforce management, logistics, safety, compliance, risk, and environmental impact. Headquartered in Singapore, Karooooo serves over 125,000 commercial customers and more than 2,300,000 active subscribers across more than 20 countries globally.

Average Trading Volume: 27,612

Technical Sentiment Signal: Buy

Current Market Cap: $1.85B

For an in-depth examination of KARO stock, go to TipRanks’ Overview page.