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Karooooo Reports Strong Q1 2026 Results Highlighted By Accelerating Cartrack Revenue Growth

Karooooo Ltd. - Ordinary shares (KARO) 
Company Research Source: Business Wire
SINGAPORE--(BUSINESS WIRE)--Karooooo Limited (“Karooooo”) reported strong results for the first quarter (“Q1 2026”) ended May 31, 2025. Karooooo owns 100% of Cartrack and 74.8% of Karooooo Logistics.Q1 2026 highlights include:Q1 Cartrack Subscription Revenue growth accelerated to 19% Y/YKarooooo EPS increased 19% Y/Y to ZAR8.55 (Q1 2025: ZAR7.17)Karooooo Subscribers increased 17% to 2.4 million (Q1 2025: 2.0 million)Zak Calisto, CEO and Founder:“We are pleased to report a strong start to FY 2026 highlighted by accelerating Cartrack subscription revenue growth across all regions. We are realizing the benefits of our extensive footprint, and we believe that we remain well positioned to build our customer base. We remain optimistic about continued healthy organic growth in all geographies. Southeast Asia continues to present the largest growth opportunity for us over the medium-to-long term and is our fastest growing region. Cartrack Subscription Revenue growth in Southeast Asia acce Show less Read more
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