Karooooo initiated with a Buy at Roth Capital

Roth Capital analyst Scott Searle initiated coverage of Karooooo (KARO) with a Buy rating and $62 price target The firm says Karooooo is a global vendor of fleet management solutions with leadership positions in South Africa, Southeast Asia and Europe. The company is well positioned to sustain mid-teens growth, driven by underpenetrated markets and new products including AI camera, asset tracking tags, and logistics, the analyst tells investors in a research note.