Earnings ·
Karooooo Ltd. reported strong Q1 2027 results for the period ended May 31, 2026, with consolidated revenue increasing…
KAROKarooooo Ltd.
Karooooo Ltd. reported strong Q1 2027 results for the period ended May 31, 2026, with consolidated revenue increasing 22% to ZAR1,564 million and operating profit rising 16% to ZAR410 million. Cartrack subscription revenue grew 19% to ZAR1,351 million, while net subscriber additions reached a record 142,472. The company reaffirmed its FY27 outlook, projecting Cartrack subscription revenue growth between 18% and 24% and EPS growth of 21% at midpoint. Karooooo operates in the operational intelligence and fleet management industry, providing cloud-based platforms for connected operations.