Karooooo’s Strong Performance and Strategic Growth Justify Buy Rating
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Joshua Reilly has assigned a Buy rating to Karooooo, citing strong performance and strategic growth. The company reported a robust second quarter with increased subscriber numbers and a rise in annual recurring revenue (ARR) per subscriber, driven by successful cross-selling in South Africa. Continued investment in the Asia-Pacific region is expected to boost future subscription growth. Management's effective strategy execution supports a positive outlook. Raymond James also maintains a Buy rating with a $60.00 price target.
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