Karooooo Growing at 25% In Constant Currency
Business Wire•19/10/2026•16:36 ET
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Key Highlights
- ➤Cartrack subscription revenue rose 20% year-over-year to ZAR1,415 million
- ➤Cartrack ARR increased 19% year-over-year to ZAR5,708 million
- ➤Record quarterly operating profit reached ZAR422 million, up 19% year-over-year
- ➤EPS increased 18% year-over-year to ZAR9.28
- ➤Cartrack subscribers increased 18% to 2.9 million
Expert Statements
Zak Calisto, Group CEO of Karooooo
“We are pleased to report another quarter of acceleration. Cartrack’s constant currency subscription revenue growth increased to 23% in Q2, compared to 21% in Q1, with constant currency growth acceleration across all regions. During the quarter, we continued to balance new customer acquisition while building our cross-sell capabilities. Cartrack’s constant currency subscription revenue growth of 23% in Q2 is in the upper band of the FY 2027 outlook of 18% to 24%.”
Zak Calisto, Group CEO of Karooooo
“Despite the strengthening ZAR, which continues to impact contributions from most of the countries in which we operate when reporting in ZAR, Cartrack’s subscription revenue and ARR increased 20% and 19%, respectively. In constant currency, ARR increased 22% and presented in USD, ARR increased 30%, reaching USD354 million.”
Zak Calisto, Group CEO of Karooooo
“As we enter the second half of FY 2027, we remain focused on building on the strong momentum established in the first half of the year and on driving the adoption of AI throughout the organization.”
Karooooo Limited (NASDAQ: KARO) (“Karooooo”) reported strong results for the second quarter (“Q2 2027”) ended August 31, 2026. Karooooo owns 100% of Cartrack and 91.5% of Karooooo Logistics, (collectively, “the group”).
* Q2 Cartrack Subscription Revenue increased 20% Y/Y to ZAR1,415 million and 23% growth in constant currency
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