Karooooo Increases Earnings by 31% Driven by Strong Subscription Revenue Growth and Higher Gross Margins
Karooooo Ltd. - Ordinary shares (KARO)
Company Research
Source: Business Wire
SINGAPORE--(BUSINESS WIRE)--Karooooo Limited (“Karooooo”) reported strong results and a positive outlook in the second quarter (“Q2 2025”) and Half-Year (“HY 2025”) ended August 31, 2024. Karooooo owns 100% of Cartrack and 74.8% of Karooooo Logistics, (collectively, “the group”).Financial and operational highlights include:Karooooo subscribers increased 17% Y/Y to 2.14 millionCartrack net subscriber additions increased 18% Y/Y to a record 89,168Cartrack gross margin improved approximately 300bps Y/Y to 74%Karooooo adjusted earnings per share increased 31% Y/Y to a record ZAR7.35Raising FY25 outlook for subscribers and Cartrack subscription revenue at midpointZak Calisto, CEO and Founder:“We delivered another strong quarter of profitable growth in the second quarter. Importantly, we recently completed the move to our newly built central office in South Africa, which positions us to support higher organic growth in the region. In addition, we started to increase our investment in sa
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- If EPS Growth Is Important To You, Karooooo (NASDAQ:KARO) Presents An Opportunity [Yahoo! Finance]Yahoo! Finance
- Southeast Asia Fleet Management Market Report 2024, Featuring Top 5 Players - Jimi IoT, Cartrack (Karooooo), TransTRACK DTC and Onelink [Yahoo! Finance]Yahoo! Finance
- Karooooo: Southeast Asian Opportunity Indicates Strong Growth Prospects [Seeking Alpha]Seeking Alpha
KARO
Earnings
- 10/15/24 - Beat
KARO
Sec Filings
- 11/13/24 - Form 144
- 10/15/24 - Form 6-K
- 9/30/24 - Form 6-K
- KARO's page on the SEC website