Karooooo Reports Strong Customer Acquisition With Annual EPS up 24% and Q4 EPS up by 45%
Karooooo Ltd. - Ordinary shares (KARO)
Company Research
Source: Business Wire
SINGAPORE--(BUSINESS WIRE)--Karooooo, that owns 100% of Cartrack, a leading provider of data analytics and business operational intelligence, reported strong results for the fourth quarter and full year ended February 29, 2024 (“Q4 2024” and “FY 2024”).Zak Calisto, CEO and Founder:“We believe Karooooo is well positioned to continue to grow at scale across diverse industries. We operate in a growing and largely underpenetrated market, with strong demand coming from customers needing to differentiate and digitalise themselves.Our proven, robust and strong track record of execution, compounding growth at scale and profitable business model is underpinned by a solid balance sheet and healthy cash position. We expect our continuous investment in our AI products, platform and customer experience to continue to generate robust results in the future.”Cartrack subscribers increased 15% to 1,971,532 at February 29, 2024 (Q4 2023: 1,717,077), with net subscriber additions having increased by
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KARO
News
- Karooooo Full Year 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Karooooo: Optimistic Near-Term Outlook [Seeking Alpha]Seeking Alpha
- Karooooo: High-Quality SaaS At A Reasonable Valuation [Seeking Alpha]Seeking Alpha
- Best Momentum Stocks to Buy for May 20th [Yahoo! Finance]Yahoo! Finance
- Karooooo to Announce Fourth Quarter and Full Year 2024 Results on May 15, 2024Business Wire
KARO
Earnings
- 5/15/24 - Beat
KARO
Sec Filings
- 6/14/24 - Form 6-K
- 6/13/24 - Form 20-F
- 5/30/24 - Form SD
- KARO's page on the SEC website