Karooooo Increases Earnings by 31% Driven by Strong Subscription Revenue Growth and Higher Gross Margins [Yahoo! Finance]
Karooooo Ltd. - Ordinary shares (KARO)
Company Research
Source: Yahoo! Finance
Financial and operational highlights include: Karooooo subscribers increased 17% Y/Y to 2.14 million Cartrack net subscriber additions increased 18% Y/Y to a record 89,168 Cartrack gross margin improved approximately 300bps Y/Y to 74% Karooooo adjusted earnings per share increased 31% Y/Y to a record ZAR7.35 Raising FY25 outlook for subscribers and Cartrack subscription revenue at midpoint Zak 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 sales and marketing in Southeast Asia to capitalize on the compelling growth opportunity for the group in the region. Despite increased capital allocation to growth in Southeast Asia, we remain committed to a disciplined approach to growth as evidenced by our cont
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KARO
News
- Exploring Karooooo And 2 Other Undiscovered Gems In The US Market [Yahoo! Finance]Yahoo! Finance
- Is Karooooo Ltd.'s (NASDAQ:KARO) Recent Stock Performance Tethered To Its Strong Fundamentals? [Yahoo! Finance]Yahoo! Finance
- 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