Karooooo/$KARO

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About Karooooo

Karooooo Ltd is a provider of an operational intelligence platform. Through its cloud platform, the company enables fleet and asset management, fuel management, workforce management, logistics, safety, including AI-assisted video safety, compliance, risk, and environmental impact management. Its segments are: Cartrack, which generates the majority of revenue, provides an operational intelligence platform that maximizes the value of transportation, operations, and workflow data through insightful real-time data analytics to connected vehicles and equipment, and Karooooo Logistics provides a software application enabling the management of last-mile B2B delivery and general operational logistics (Delivery-as-a-Service or DaaS). It generates the majority of its revenue from South Africa.
Ticker
$KARO
Sector
Software & Cloud Services
Primary listing
NASDAQ
Employees
-
Headquarters
Singapore, Singapore

Karooooo Metrics

BasicAdvanced
$1.9B
30.57
$1.99
0.89
$1.50
2.47%

What the Analysts think about Karooooo

Analyst ratings (Buy, Hold, Sell) for Karooooo stock.
Analyst projections of the future price of Karooooo stock.

Bulls say / Bears say

Cartrack’s recurring-revenue engine is accelerating: Q1 FY2027 subscription revenue rose 19% year on year, or 21% in constant currency, while subscribers grew 18% to 2.8 million. Net additions rose 70% to a record 142,472, giving the company stronger momentum entering the year. (Karooooo)
Video and Cartrack-Tag provide room to sell more products to the existing customer base. Management said video adoption was only about 5% of the full base, suggesting a long runway for higher-value attachments beyond basic tracking. (Webull)
The business is already profitable and returning cash while it grows: FY2026 adjusted free cash flow increased 90% to ZAR809 million, and the dividend rose 20% to USD1.50 per share. Management also guided to 21% EPS growth at the midpoint for FY2027, excluding secondary-offering costs. (Business Wire)
Growth is coming with margin pressure. Cartrack’s Q4 gross margin fell to 70% from 75% a year earlier because of higher device depreciation and provisions, faster IoT deployment and foreign-exchange effects; management expects only 70% to 72% gross margin in FY2027. (The Motley Fool)
Cash conversion may be uneven because the company must fund devices and sales capacity before the related subscriptions mature. Recent reporting said quarterly free cash flow fell to ZAR60 million from ZAR338 million in the comparable period, despite continued revenue and profit growth. (Daily Maverick)
International expansion can dilute reported growth and average revenue per user. In Q1, Asia and the Middle East subscription revenue grew only 6% as reported versus 17% in constant currency, with management citing faster growth in lower-ARPU countries and the stronger rand. (Karooooo)
Data summarised monthly by Lightyear AI. Last updated on 24 Sept 2026.

Karooooo Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Karooooo Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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