Needham initiated coverage of Karooooo (KARO) with a Buy rating and $60 price target The company’s strategy of providing a vertically integrated telematics solution driving customer satisfaction and market share gains. By controlling the process from installation to servicing customers over their lifecycle, Karooooo has driven an “impressive” 95% commercial customer retention, the analyst tells investors in a research note.
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Read More on KARO:
- Karooooo Ltd.: Strong Market Position and Growth Potential Drive Buy Rating
- Karooooo Announces Annual General Meeting Date for July 2025
- Karooooo price target raised to $53 from $43 at Morgan Stanley
- Karooooo Announces Secondary Public Offering Pricing
- Karooooo 1.5M share Spot Secondary priced at $50.00