Karooooo Q1 Subscriber Adds Surge 70% to Record 142K, Revenue Growth Accelerates
KARO sits 39% above its 52-week low of $41.25 on elevated volume (2.9× avg).
Summary
Karooooo's Q1 FY2027 results show accelerating momentum: Cartrack subscription revenue grew 19% YoY to ZAR1,351 million, with constant currency growth of 21%. Net subscriber additions hit a record 142,472, up 70% from last year, driven by strong demand for Cartrack-Tag and Video products. ARR accelerated to 19% YoY, reaching ZAR5,432 million, and 32% in USD terms. Despite FX headwinds from a stronger ZAR, operating profit reached a record ZAR410 million. Management reaffirmed its FY27 outlook for accelerating subscription revenue growth and 21% EPS growth at the midpoint. This follows strong FY26 results reported in May and an annual report in June confirming financial growth and remediation of internal controls.
At the time of this announcement, KARO was trading at $57.48 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $41.25 to $60.53. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.