{"id":37147,"date":"2026-07-16T01:25:00","date_gmt":"2026-07-15T23:25:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=e89c006c58d60923b7246b0dad0fba26"},"modified":"2026-07-16T01:25:00","modified_gmt":"2026-07-15T23:25:00","slug":"karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=37147","title":{"rendered":"Karooooo Reports Q1 2027 Results with Record Net Subscriber Additions and Accelerating Growth"},"content":{"rendered":"<p>SINGAPORE--(BUSINESS WIRE)--Karooooo Limited (\u201cKarooooo\u201d) reported strong results for the first quarter (\u201cQ1 2027\u201d) ended May 31, 2026. Karooooo owns 100% of Cartrack and 81% of Karooooo Logistics, (collectively, \u201cthe group\u201d).<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260715045842\/en\/2130437\/4\/logo_vertical_KAROOOOO_1.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260715045842\/en\/2130437\/22\/logo_vertical_KAROOOOO_1.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260715045842\/en\/2130437\/4\/logo_vertical_KAROOOOO_1.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260715045842\/en\/2130437\/21\/logo_vertical_KAROOOOO_1.jpg\" \/><\/a><p>\nFinancial highlights include:<\/p><ul class=\"bwlistdisc\">\n<li>\nQ1 Cartrack Subscription Revenue accelerated to 19% Y\/Y reaching ZAR1,351 million and 21% in constant currency<\/li>\n<li>\nQ1 ARR accelerated to 19% Y\/Y reaching ZAR5,432 million and 32% in USD equivalent<\/li>\n<li>\nKarooooo delivered record operating profit of ZAR410 million despite FX headwinds<\/li>\n<li>\nCartrack Subscriber growth accelerated to 18% with subscribers surpassing 2.8 million<\/li>\n<li>\nNet subscriber additions increased 70% to a record 142,472; South Africa net subscriber additions increased 92%<\/li>\n<li>\nReaffirming FY27 Outlook: Cartrack Subscription Revenue growth to accelerate, with EPS growth of 21% Y\/Y at midpoint\u00b9<\/li>\n<\/ul><p>\n\u201cFY2027 has commenced with strong, accelerated growth, underpinned by Cartrack constant currency subscription revenue growth of 21% and a record 142,472 net subscriber additions in the quarter.<\/p><p>\nDespite the strengthening ZAR, which negatively impacts contributions from most of the countries in which we operate, subscription revenue and ARR each accelerated to 19%. In constant currency, ARR increased 22% and presented in USD, ARR increased 32%, reaching USD335 million.<\/p><p>\nOur product innovation continues to deliver the intended outcomes. This year, our focus remains to accelerate growth by growing sales and marketing at a moderate pace while optimizing the strong investment we made in sales capacity during FY2026.<\/p><p>\nWe remain optimistic about the opportunities across our regions and believe we are well positioned to build on the momentum established in the first quarter,\u201d said Zak Calisto, Group CEO.<\/p><p>\nDriven by strong demand for the Cartrack-Tag and Video, Cartrack delivered a record of 142,472 net subscriber additions during the quarter, representing an increase of 70% (Q1 2026: 84,013).<\/p><p>\nCartrack\u2019s subscription revenue accelerated to 19% reaching ZAR1,351 million in Q1 2027 (Q1 2026: ZAR1,138 million) and increased 21% in constant currency.<\/p><p>\nCartrack\u2019s annualized recurring revenue (\u201cARR\u201d) accelerated to 19% reaching ZAR5,432 million (Q1 2026: ZAR4,574 million). ARR increased 22% in constant currency and 32% in USD.<\/p><p>\nKarooooo Logistics\u2019s total revenue increased 46% to ZAR177 million (Q1 2026: ZAR121 million) as our customers experience strong demand for Quick Commerce.<\/p><p>\n<sup>1<\/sup> Refer to our 6K filed on July 15, 2026, for our FY 2027 Outlook.<\/p><p>\nVisit: <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.karooooo.com&amp;esheet=54571086&amp;newsitemid=20260715045842&amp;lan=en-US&amp;anchor=www.karooooo.com&amp;index=1&amp;md5=9d96867fce0b0bff1941d336374240a8\" rel=\"nofollow\" shape=\"rect\">www.karooooo.com<\/a><\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<a  href=\"mailto:ir@karooooo.com\" rel=\"nofollow\" shape=\"rect\">ir@karooooo.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>SINGAPORE&#8211;(BUSINESS WIRE)&#8211;Karooooo Limited (\u201cKarooooo\u201d) reported strong results for the first quarter (\u201cQ1 2027\u201d) ended May 31, 2026. Karooooo owns 100% of Cartrack and 81% of Karooooo Logistics, (collectively, \u201cthe group\u201d).<br \/>\nFinancial highlights incl&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-37147","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/37147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37147"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/37147\/revisions"}],"predecessor-version":[{"id":37148,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/37147\/revisions\/37148"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}