Karooooo Ltd. (NASDAQ: KARO ) dominates fleet management in South Africa with sticky subscription revenue and peer-leading margins. Operating profit has more than doubled since 2019, powered by scale and a high fixed-cost base. Yet behind this growth, returnsBSc (Eng), MBA. Self-taught value investor with 2 decades of investing experience. Blogger at i4value.asia. The blog is on value investing through case studies where I analyze and value listed companies in the ASEAN and US regions. I have an exceptional ...