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Stock impact report

Karooooo Accelerates ARR Growth by 28% to USD298 Million [Yahoo! Finance]

Karooooo Ltd. - Ordinary shares (KARO) 
Company Research Source: Yahoo! Finance
Karooooo owns 100% of Cartrack and 81% of Karooooo Logistics, (collectively, "the group"). Q3 2026 Financial highlights include: Cartrack's SaaS annualized recurring revenue ("ARR") growth accelerated to 22% Y/Y reaching ZAR5,106 million SaaS ARR in USD accelerated to 28% Y/Y reaching USD298 million Cartrack subscription revenue increased 20% Y/Y to ZAR1,236 million Cartrack subscribers increased 16% Y/Y to 2.6 million Net Cartrack subscriber additions increased 29% Y/Y to a record of 111,478 "Our Q3 performance reflects our consistent and disciplined track record of growing our business at scale. We continued to accelerate our subscription revenue while experiencing record net subscriber additions. Cartrack's quarterly subscription revenue increased 20% to ZAR1,236 million and ARR increased 22% to ZAR5,106 million, representing a significant acceleration in growth compared to Q3 of the previous year where subscription revenue and ARR each increased 14%. Importantly, o Show less Read more
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