KARO
9/9 ScoreKarooooo Ltd.
Analysis Date: February 17, 2026
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. The company offers Fleet Telematics, a fleet management SaaS platform that provides real-time insights; LiveVision, which offers pro-active risk management and fleet visibility; MiFleet advanced fleet administration and business intelligence that provides cost management and administration capability services; and Karooooo Logistics, a software application for management of last mile delivery and general operational logistics. It also provides Cartrack Field Service, a software application for management of field and on site workers; Business Intelligence for high-level view of fleet statistics; asset tracking for tracking and tracing moveable assets; asset recovery services that assists vehicle owners and insurance companies with the recovery of vehicles and other assets; and insurance telematics that allows insurers to tailor premiums for commercial and consumer customers using analytics; Protector, a safety package for consumer vehicles; and Car Watch, a mobile application that lets users track and watch their vehicles. In addition, the company offers specialist mobility solutions that include Bike Track, a GPS-based solution for commercial motorbike fleets; Credit Management that predicts payment cycles and facilitate active credit management for asset-based vehicle finance; electronic monitoring services application that allows law enforcement agencies to monitor persons of interest; and mobility and monitoring solutions, such as Carzuka, cartrack insurance agency, and on-demand rideshare taxi application, as well as smart IoT products. It provides its solutions through direct sales force to consumers and sole proprietors, small and medium-sized businesses, large enterprises, and other connected devices. Karooooo Ltd. was founded in 2001 and is headquartered in Singapore.
Buffettology Criteria
All 9 of 9 criteria passed
High ROE
Return on Equity > 12%
Value: 31.9%
High ROIC
Return on Invested Capital > 9%
Value: 26.7%
Cash Machine
FCF / Assets > 5%
Fair Valuation
Earnings Yield > 3.5%
Value: 4.3%
Share Buybacks
Share Count is Dropping
Value: -0.2%
Defensible Moat
Gross Profit Margin > 40%
Value: 69.3%
Simple Business
Not in a speculative sector (e.g., Biotech)
Value: Technology
Conservative Debt
Debt to Equity < 1.5
Value: 0.25x
Consistent Growth
5-Year Growth is Positive
Value: 109.8%
Analysis Summary
This KARO business presents a rather compelling picture, boasting strong returns and a sound financial structure. Its commendable ROE and ROIC suggest efficient use of capital, while the low debt levels provide a welcome margin of safety. With a seemingly defensible moat and a consistent growth trajectory, this is the kind of opportunity that warrants a closer look for the long haul.
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