KARO, SGXZ19450089

Karooooo reports 25 percent growth for Karooooo stock

Published on 10/20/2026 at 01:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cartrack subscribers rose 18 percent to 2,899,210 in Q2 2027. Karooooo stock follows ARR of ZAR 5,708 million and ZAR 422 million operating profit.

Growth and webcast set the agenda

Karooooo reported 25 percent constant-currency growth for the quarter ended August 31, 2026.
Cartrack's subscriber base reached 2,899,210 in the second quarter of fiscal 2027.
The earnings webcast is scheduled for October 20, 2026, at 8:00 a.m. ET.

KARO, SGXZ19450089, Illustration mit AI erstellt.

Karooooo Limited (ISIN SGXZ19450089) reported 25 percent constant-currency revenue growth for the second quarter of fiscal 2027 ended August 31, 2026. The results released on October 19, 2026 put subscriber growth and recurring revenue at the center of the stock story.

Recurring revenue accelerates

According to Business Wire, Cartrack subscription revenue increased 20 percent year over year to ZAR 1,415 million in the second quarter, while constant-currency growth reached 23 percent. Annualized recurring revenue increased 19 percent to ZAR 5,708 million, or USD 354 million when presented in U.S. dollars.

The operating result also provided a concrete measure of scale. Karooooo reported record quarterly operating profit of ZAR 422 million, up 19 percent from ZAR 356 million in the prior-year quarter, while adjusted earnings per share rose 12 percent to ZAR 9.28.

What does subscriber growth mean?

Cartrack subscribers increased 18 percent to 2,899,210 from 2,456,989 in the second quarter of fiscal 2026, and the company added 94,516 net subscribers during the period. Investing.com reported that Karooooo Logistics revenue rose 36 percent to ZAR 189 million from ZAR 139 million.

The operating data point to a widening base for Karooooo's software platform, although the reported figures remained exposed to South African rand movements. Constant-currency subscription growth of 23 percent sat in the upper band of the fiscal 2027 outlook range of 18 percent to 24 percent.

Webcast date is October 20

The company scheduled its results webcast for October 20, 2026, at 8:00 a.m. ET. The date and time were announced in a Sharenet release dated October 5, 2026.

Stock context and business scale

Karooooo operates an operational-intelligence platform for connected vehicles, assets and field workforces. Its investor FAQ says the group serves more than 125,000 commercial customers and more than 2,800,000 active subscribers across more than 20 countries.

The last quoted Nasdaq value was USD 62.10 on October 19, 2026 at 4:00 p.m. ET. Karooooo's Nasdaq listing uses ticker KARO, while its Johannesburg listing uses ticker KRO.