{"id":1011582,"date":"2026-10-19T16:39:04","date_gmt":"2026-10-19T20:39:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-growing-at-25-in-constant-currency\/"},"modified":"2026-10-19T16:39:04","modified_gmt":"2026-10-19T20:39:04","slug":"karooooo-growing-at-25-in-constant-currency","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-growing-at-25-in-constant-currency\/","title":{"rendered":"Karooooo Growing at 25% In Constant Currency"},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Karooooo Growing at 25% In Constant Currency<\/b><\/p>\n<p>SINGAPORE&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nKarooooo Limited (NASDAQ: KARO) (\u201cKarooooo\u201d) reported strong results for the second quarter (\u201cQ2 2027\u201d) ended August 31, 2026. Karooooo owns 100% of Cartrack and 91.5% of Karooooo Logistics, (collectively, \u201cthe group\u201d).<\/p>\n<p>\nFinancial highlights include:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nQ2 Karooooo Revenue increased 25% in constant currency<\/p>\n<\/li>\n<li>\nQ2 Cartrack Subscription Revenue increased 20% Y\/Y to ZAR1,415 million and 23% growth in constant currency<\/p>\n<\/li>\n<li>\nQ2 ARR increased 19% Y\/Y to ZAR5,708 million and 30% Y\/Y in USD equivalent to USD354 million<\/p>\n<\/li>\n<li>\nKarooooo delivered record quarterly operating profit of ZAR422 million with 19% growth Y\/Y despite the FX headwinds<\/p>\n<\/li>\n<li>\nKarooooo EPS increased 18% Y\/Y to ZAR9.28<\/p>\n<\/li>\n<li>\nKarooooo Adjusted EPS increased 12% Y\/Y to ZAR9.28<\/p>\n<\/li>\n<li>\nCartrack Subscriber growth increased 18%, reaching 2.9 million subscribers (Q2 2026: 2.5 million)<\/p>\n<\/li>\n<\/ul>\n<p>\n\u201cWe are pleased to report another quarter of acceleration. Cartrack\u2019s constant currency subscription revenue growth increased to 23% in Q2, compared to 21% in Q1, with constant currency growth acceleration across all regions. During the quarter, we continued to balance new customer acquisition while building our cross-sell capabilities. Cartrack\u2019s constant currency subscription revenue growth of 23% in Q2 is in the upper band of the FY 2027 outlook of 18% to 24%.<\/p>\n<p>\n\u201cDespite the strengthening ZAR, which continues to impact contributions from most of the countries in which we operate when reporting in ZAR, Cartrack\u2019s subscription revenue and ARR increased 20% and 19%, respectively. In constant currency, ARR increased 22% and presented in USD, ARR increased 30%, reaching USD354 million.<\/p>\n<p>\n\u201cAs we enter the second half of FY 2027, we remain focused on building on the strong momentum established in the first half of the year and on driving the adoption of AI throughout the organization,\u201d said Zak Calisto, Group CEO.<\/p>\n<p>\nCartrack subscribers increased 18% to 2,899,210 (HY 2026: 2,456,989). Cartrack delivered 94,516 net subscriber additions during the quarter, a record for the second quarter.<\/p>\n<p>\nCartrack\u2019s annualized recurring revenue (\u201cARR\u201d) increased 19% to ZAR5,708 million (Q2 2026: ZAR4,806 million).<\/p>\n<p>\nKarooooo Logistics\u2019s revenue increased 36% to ZAR189 million (Q2 2026: ZAR139 million) driven by the demand for Q-commerce or \u201cQuick-commerce\u201d orders, a type of e-Commerce focused on ultra-fast delivery.<\/p>\n<p>\nFull results: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.karooooo.com&amp;esheet=54624594&amp;newsitemid=20261019330047&amp;lan=en-US&amp;anchor=www.karooooo.com&amp;index=1&amp;md5=4723c31d91b9009b24f77d04c36675ec\">www.karooooo.com<\/a><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261019330047r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20261019330047\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261019330047\/en\/<\/a><\/span><\/p>\n<p><a rel=\"nofollow\" href=\"mailto:ir@karooooo.com\">ir@karooooo.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Singapore Southeast Asia Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Fleet Management Transport Logistics\/Supply Chain Management Automotive<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261019330047\/en\/2130437\/3\/logo_vertical_KAROOOOO_1.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Karooooo Growing at 25% In Constant Currency SINGAPORE&#8211;(BUSINESS WIRE)&#8211; Karooooo Limited (NASDAQ: KARO) (\u201cKarooooo\u201d) reported strong results for the second quarter (\u201cQ2 2027\u201d) ended August 31, 2026. Karooooo owns 100% of Cartrack and 91.5% of Karooooo Logistics, (collectively, \u201cthe group\u201d). Financial highlights include: Q2 Karooooo Revenue increased 25% in constant currency Q2 Cartrack Subscription Revenue increased 20% Y\/Y to ZAR1,415 million and 23% growth in constant currency Q2 ARR increased 19% Y\/Y to ZAR5,708 million and 30% Y\/Y in USD equivalent to USD354 million Karooooo delivered record quarterly operating profit of ZAR422 million with 19% growth Y\/Y despite the FX headwinds Karooooo EPS increased 18% Y\/Y to ZAR9.28 Karooooo Adjusted EPS increased 12% Y\/Y to ZAR9.28 Cartrack Subscriber growth increased &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-growing-at-25-in-constant-currency\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Karooooo Growing at 25% In Constant Currency&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1011582","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Karooooo Growing at 25% In Constant Currency - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-growing-at-25-in-constant-currency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Karooooo Growing at 25% In Constant Currency - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Karooooo Growing at 25% In Constant Currency SINGAPORE&#8211;(BUSINESS WIRE)&#8211; Karooooo Limited (NASDAQ: KARO) (\u201cKarooooo\u201d) reported strong results for the second quarter (\u201cQ2 2027\u201d) ended August 31, 2026. Karooooo owns 100% of Cartrack and 91.5% of Karooooo Logistics, (collectively, \u201cthe group\u201d). Financial highlights include: Q2 Karooooo Revenue increased 25% in constant currency Q2 Cartrack Subscription Revenue increased 20% Y\/Y to ZAR1,415 million and 23% growth in constant currency Q2 ARR increased 19% Y\/Y to ZAR5,708 million and 30% Y\/Y in USD equivalent to USD354 million Karooooo delivered record quarterly operating profit of ZAR422 million with 19% growth Y\/Y despite the FX headwinds Karooooo EPS increased 18% Y\/Y to ZAR9.28 Karooooo Adjusted EPS increased 12% Y\/Y to ZAR9.28 Cartrack Subscriber growth increased &hellip; Continue reading &quot;Karooooo Growing at 25% In Constant Currency&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-growing-at-25-in-constant-currency\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-19T20:39:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261019330047r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/karooooo-growing-at-25-in-constant-currency\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/karooooo-growing-at-25-in-constant-currency\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Karooooo Growing at 25% In Constant Currency\",\"datePublished\":\"2026-10-19T20:39:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/karooooo-growing-at-25-in-constant-currency\\\/\"},\"wordCount\":377,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/karooooo-growing-at-25-in-constant-currency\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20261019330047r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/karooooo-growing-at-25-in-constant-currency\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/karooooo-growing-at-25-in-constant-currency\\\/\",\"name\":\"Karooooo Growing at 25% In Constant Currency - 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Karooooo owns 100% of Cartrack and 91.5% of Karooooo Logistics, (collectively, \u201cthe group\u201d). Financial highlights include: Q2 Karooooo Revenue increased 25% in constant currency Q2 Cartrack Subscription Revenue increased 20% Y\/Y to ZAR1,415 million and 23% growth in constant currency Q2 ARR increased 19% Y\/Y to ZAR5,708 million and 30% Y\/Y in USD equivalent to USD354 million Karooooo delivered record quarterly operating profit of ZAR422 million with 19% growth Y\/Y despite the FX headwinds Karooooo EPS increased 18% Y\/Y to ZAR9.28 Karooooo Adjusted EPS increased 12% Y\/Y to ZAR9.28 Cartrack Subscriber growth increased &hellip; Continue reading \"Karooooo Growing at 25% In Constant Currency\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-growing-at-25-in-constant-currency\/","og_site_name":"Market Newsdesk","article_published_time":"2026-10-19T20:39:04+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261019330047r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-growing-at-25-in-constant-currency\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-growing-at-25-in-constant-currency\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Karooooo Growing at 25% In Constant Currency","datePublished":"2026-10-19T20:39:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-growing-at-25-in-constant-currency\/"},"wordCount":377,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-growing-at-25-in-constant-currency\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261019330047r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-growing-at-25-in-constant-currency\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-growing-at-25-in-constant-currency\/","name":"Karooooo Growing at 25% In Constant Currency - 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