Articles from Karooooo

Karooooo Ltd. (“Karooooo”) announced the pricing of an underwritten secondary public offering (the “Offering”) of 1,500,000 ordinary shares held by Isaias (Zak) Jose Calisto, Karooooo’s chief executive officer (the “Selling Shareholder”), at a price to the public of $50.00 per ordinary share (the “public offering price”) for total gross proceeds of approximately $75.0 million. The Offering is expected to close on June 13, 2025, subject to customary closing conditions. In addition, the underwriters of the Offering will have a 30-day option to purchase up to an additional 225,000 ordinary shares from the Selling Shareholder at the public offering price. Karooooo’s ordinary shares are listed on the Nasdaq Capital Market under the symbol “KARO.”

Karooooo (KARO), a smart mobility SaaS platform provider for connected vehicles and other mobile assets, today announced that Group Chief Operating Officer Richard Schubert will participate in the Raymond James 26th Annual Institutional Investor Conference in Orlando, FL on Tuesday, March 4th at 4:35 p.m. ET.

Karooooo Ltd. (“Karooooo”) today announced that Isaias (Zak) Jose Calisto (the “Selling Shareholder”), Karooooo’s Chief Executive Officer, has terminated the underwritten secondary public offering (the “Offering”) of ordinary shares previously announced on July 24, 2024. Though the proposed Offering, which was undertaken by the Selling Shareholder with the goal of improving liquidity for investors, was met with significant investor interest and an oversubscription of demand, the Selling Shareholder determined that recent changes in market conditions and the resulting impact on the share price made it inappropriate to proceed with the Offering at the current time. As a result of such termination, no ordinary shares of Karooooo will be sold pursuant to the Offering. However, the Selling Shareholder retains flexibility under Karooooo’s Registration Statement on Form F-3 to conduct an offering in the future when market conditions are more favorable.

Karooooo Ltd. (“Karooooo”) today announced the commencement of an underwritten secondary public offering (the “Offering”) of a number of its ordinary shares held by Isaias (Zak) Jose Calisto, Karooooo’s chief executive officer (the “Selling Shareholder”), that generates $75.0 million in gross proceeds. In addition, the underwriters of the Offering will have a 30-day option to purchase up to a number of additional ordinary shares that generates $11.25 million in gross proceeds from the Selling Shareholder. The price per ordinary share will be determined following the bookbuilding process. Karooooo’s ordinary shares are listed on the Nasdaq Capital Market under the symbol “KARO.”

Karooooo, that owns 100% of Cartrack and 74.8% of Karooooo Logistics, reported strong results for the quarter ended May 31, 2024 (“Q1 2025”) and retained its positive outlook for the year.

Karooooo, that owns 100% of Cartrack, a leading provider of data analytics and business operational intelligence, reported strong results for the fourth quarter and full year ended February 29, 2024 (“Q4 2024” and “FY 2024”).

Karooooo, that owns 100% of Cartrack, a leading provider of data analytics and business intelligence, reported solid results for the third quarter ended November 30, 2023 (“Q3 2024”).

Karooooo, that owns 100% of Cartrack, a leading provider of data analytics and business intelligence, reported strong results for the second quarter (“Q2 2024”) and Half-Year (“HY 2024”) ended August 31, 2023. These consistent results extend the group’s track record of growth at scale, profitability and cash generation over more than a decade.

Karooooo, that owns 100% of Cartrack, a leading provider of insightful real-time data analytics and business intelligence, reported solid results for its first quarter ("Q1 2024") ended May 31, 2023. These consistent results extend the group’s track record of growth at scale, profitability and cash generation over more than a decade.

Karooooo, a leading provider of real-time data analytics and business intelligence, released its initial Environmental, Social, and Governance (ESG) report and announced the release date of its Quarter 1 2024 results as Wednesday, July 19.

Karooooo, that owns 100% of Cartrack, a leading provider of insightful real-time data analytics and business intelligence, reported robust results for its fourth quarter ("Q4 2023") ended February 28, 2023. These strong results extend the group’s track record of growth at scale, profitability and cash generation.

Karooooo, which owns 100% of Cartrack, is a leading provider of insightful real-time data analytics and business intelligence reported solid results for its third quarter ("Q3 2023") ended November 30, 2022. This performance continues the Group's more than ten-year track record of strong growth, profitability and cash generation in diverse macroeconomic environments.

Karooooo, which owns 100% of Cartrack, is a leading provider of insightful real-time data analytics and business intelligence. Karooooo maximizes the value of data through its IoT SaaS cloud, with an offering that extends beyond connected vehicles and equipment to assisting more than 95,000 diverse enterprise customers (Q2 2022: 83,000+) in solving their day-to-day challenges.