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The latest update is out from Karooooo ( (KARO) ).
In its financial results for the third quarter of 2025, ending November 30, 2024, Karooooo Ltd. reported robust performance, highlighted by a 17% increase in Cartrack subscribers and a 21% year-over-year rise in adjusted earnings per share. The company’s subscription revenue rose by 14% to ZAR1,032 million, driven by strong growth in Southeast Asia, where subscription revenue grew by 26%. The company has reaffirmed its positive outlook for fiscal year 2025, emphasizing its strategic focus on expanding its distribution capabilities and leveraging its newly established office in South Africa for further growth. These results underline Karooooo’s solid market positioning and potential for continued expansion, benefiting its stakeholders.
More about Karooooo
Karooooo Ltd. is a technology-driven company primarily engaged in the telematics and logistics sectors, offering services through its subsidiaries Cartrack and Karooooo Logistics. The company focuses on subscription-based vehicle tracking and fleet management solutions, with a significant presence in regions such as Southeast Asia, Europe, and South Africa. With a strong emphasis on product innovation and financial discipline, Karooooo aims to expand its market reach through strategic investments and organic growth.
YTD Price Performance: 4.30%
Average Trading Volume: 42,493
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.49B
Find detailed analytics on KARO stock on TipRanks’ Stock Analysis page.