Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Karooooo Ltd before investing.

In this article, we go over a few key elements for understanding Karooooo Ltd’s stock price such as:

• Karooooo Ltd’s current stock price and volume
• Why Karooooo Ltd’s stock price changed recently
• Upgrades and downgrades for KARO from analysts
• KARO’s stock price momentum as measured by its relative strength

About Karooooo Ltd (KARO)

Before we jump into Karooooo Ltd’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Karooooo Ltd. is a Singapore-based company, which is a provider of an on-the-ground operations cloud that maximizes the value of data. The Company operates through three segments: Cartrack, Carzuka, and Karooooo Logistics. Cartrack is a provider of an on-the-ground operational Internet of Things software-as-a-service (SaaS) cloud that maximizes the value of transportation, operation, and workflow data by providing insightful real-time data analytics to connected vehicles and equipment. Cartrack also includes systems integration, fleet administration, field worker management, video-based safety, risk mitigation, and delivery management. Carzuka is a physical and e-commerce vehicle buying and selling marketplace that allows customers to source, buy and sell vehicles. Karooooo Logistics provides a software application enabling the management of last-mile delivery and general operational logistics.

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Karooooo Ltd’s Stock Price as of Market Close

As of June 28, 2024, 3:59 PM, CST, Karooooo Ltd’s stock price was $29.30.

Karooooo Ltd is up 4.64% from its previous closing price of $28.00.

During the last market session, Karooooo Ltd’s stock traded between $25.80 and $33.06. Currently, there are 30.94 million shares of Karooooo Ltd stock available for purchase.

Karooooo Ltd’s price-earnings (P/E) ratio is currently at 21.3, which is low compared to the IT Services & Consulting industry median of 26.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Karooooo Ltd Stock Price History

Karooooo Ltd’s (KARO) price is currently up 1.95% so far this month.

During the month of June, Karooooo Ltd’s stock price has reached a high of $37.11 and a low of $25.80.

Over the last year, Karooooo Ltd has hit prices as high as $37.11 and as low as $18.59. Year to date, Karooooo Ltd’s stock is up 25.75%.

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What Caused Karooooo Ltd Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 27, 2024, there was 1 analyst who downgraded Karooooo Ltd’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Karooooo Ltd’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Karooooo Ltd’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Karooooo Ltd’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Karooooo Ltd (KARO) by visiting AAII Stock Evaluator.

Relative Price Strength of Karooooo Ltd

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 27, 2024, Karooooo Ltd has a weighted four-quarter relative price strength of 0.91%, which translates to a Momentum Score of 76 and is considered to be Strong.

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Karooooo Ltd Stock Price: Bottom Line

As of June 28, 2024, Karooooo Ltd’s stock price is $29.30, which is up 4.64% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Karooooo Ltd stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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