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Karooooo Earnings: Cartrack Expands

TheMotleyFool

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Karooooo Earnings: Cartrack Expands: https://g.foolcdn.com/editorial/images/826283/gettyimages-937439170.jpg

Here's our initial take on Karooooo's (NASDAQ: KARO) fiscal 2026 first-quarter financial report.

Karooooo beat analyst expectations across the board with its Q1 results. Overall revenue jumped 18% year over year to 1.28 billion South African rand (ZAR), fueled by a 17% jump in Cartrack subscribers. The company ended the quarter with just under 2.4 million subscribers for its Cartrack service.

Cartrack subscription revenue rose by 18.5% to ZAR1.14 billion, while Cartrack annualized recurring revenue surged by 18.3% to ZAR4.58 billion. Average revenue per user edged up by 1.9% to ZAR162. In Southeast Asia, the company's fastest-growing region, Cartrack subscription revenue soared by 30%.

Source Fool.com

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