{"id":982002,"date":"2026-07-15T16:28:20","date_gmt":"2026-07-15T20:28:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\/"},"modified":"2026-07-15T16:28:20","modified_gmt":"2026-07-15T20:28:20","slug":"karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\/","title":{"rendered":"Karooooo Reports Q1 2027 Results with Record Net Subscriber Additions and Accelerating Growth"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.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 class=\"bwalignc\"><b>Karooooo Reports Q1 2027 Results with Record Net Subscriber Additions and Accelerating Growth<\/b><\/p>\n<p>SINGAPORE&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nKarooooo Limited (\u201cKarooooo\u201d) reported strong results for the first quarter (\u201cQ1 2027\u201d) ended May 31, 2026. Karooooo owns 100% of Cartrack and 81% of Karooooo Logistics, (collectively, \u201cthe group\u201d).<\/p>\n<p>\nFinancial highlights include:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nQ1 Cartrack Subscription Revenue accelerated to 19% Y\/Y reaching ZAR1,351 million and 21% in constant currency<\/p>\n<\/li>\n<li>\nQ1 ARR accelerated to 19% Y\/Y reaching ZAR5,432 million and 32% in USD equivalent<\/p>\n<\/li>\n<li>\nKarooooo delivered record operating profit of ZAR410 million despite FX headwinds<\/p>\n<\/li>\n<li>\nCartrack Subscriber growth accelerated to 18% with subscribers surpassing 2.8 million<\/p>\n<\/li>\n<li>\nNet subscriber additions increased 70% to a record 142,472; South Africa net subscriber additions increased 92%<\/p>\n<\/li>\n<li>\nReaffirming FY27 Outlook: Cartrack Subscription Revenue growth to accelerate, with EPS growth of 21% Y\/Y at midpoint\u00b9<\/p>\n<\/li>\n<\/ul>\n<p>\n\u201cFY2027 has commenced with strong, accelerated growth, underpinned by Cartrack constant currency subscription revenue growth of 21% and a record 142,472 net subscriber additions in the quarter.<\/p>\n<p>\nDespite the strengthening ZAR, which negatively impacts contributions from most of the countries in which we operate, subscription revenue and ARR each accelerated to 19%. In constant currency, ARR increased 22% and presented in USD, ARR increased 32%, reaching USD335 million.<\/p>\n<p>\nOur product innovation continues to deliver the intended outcomes. This year, our focus remains to accelerate growth by growing sales and marketing at a moderate pace while optimizing the strong investment we made in sales capacity during FY2026.<\/p>\n<p>\nWe remain optimistic about the opportunities across our regions and believe we are well positioned to build on the momentum established in the first quarter,\u201d said Zak Calisto, Group CEO.<\/p>\n<p>\nDriven by strong demand for the Cartrack-Tag and Video, Cartrack delivered a record of 142,472 net subscriber additions during the quarter, representing an increase of 70% (Q1 2026: 84,013).<\/p>\n<p>\nCartrack\u2019s subscription revenue accelerated to 19% reaching ZAR1,351 million in Q1 2027 (Q1 2026: ZAR1,138 million) and increased 21% in constant currency.<\/p>\n<p>\nCartrack\u2019s annualized recurring revenue (\u201cARR\u201d) accelerated to 19% reaching ZAR5,432 million (Q1 2026: ZAR4,574 million). ARR increased 22% in constant currency and 32% in USD.<\/p>\n<p>\nKarooooo Logistics\u2019s total revenue increased 46% to ZAR177 million (Q1 2026: ZAR121 million) as our customers experience strong demand for Quick Commerce.<\/p>\n<p><sup>1<\/sup> Refer to our 6K filed on July 15, 2026, for our FY 2027 Outlook.<\/p>\n<p>\nVisit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.karooooo.com&amp;esheet=54571086&amp;newsitemid=20260715045842&amp;lan=en-US&amp;anchor=www.karooooo.com&amp;index=1&amp;md5=9d96867fce0b0bff1941d336374240a8\">www.karooooo.com<\/a><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260715045842r1&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\/20260715045842\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260715045842\/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> Automotive Technology Transport Logistics\/Supply Chain Management Software Fleet Management<\/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\/20260715045842\/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 Reports Q1 2027 Results with Record Net Subscriber Additions and Accelerating Growth SINGAPORE&#8211;(BUSINESS WIRE)&#8211; Karooooo Limited (\u201cKarooooo\u201d) reported strong results for the first quarter (\u201cQ1 2027\u201d) ended May 31, 2026. Karooooo owns 100% of Cartrack and 81% of Karooooo Logistics, (collectively, \u201cthe group\u201d). Financial highlights include: Q1 Cartrack Subscription Revenue accelerated to 19% Y\/Y reaching ZAR1,351 million and 21% in constant currency Q1 ARR accelerated to 19% Y\/Y reaching ZAR5,432 million and 32% in USD equivalent Karooooo delivered record operating profit of ZAR410 million despite FX headwinds Cartrack Subscriber growth accelerated to 18% with subscribers surpassing 2.8 million Net subscriber additions increased 70% to a record 142,472; South Africa net subscriber additions increased 92% Reaffirming FY27 Outlook: Cartrack Subscription &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Karooooo Reports Q1 2027 Results with Record Net Subscriber Additions and Accelerating Growth&#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-982002","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Karooooo Reports Q1 2027 Results with Record Net Subscriber Additions and Accelerating Growth - 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-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Karooooo Reports Q1 2027 Results with Record Net Subscriber Additions and Accelerating Growth - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Karooooo Reports Q1 2027 Results with Record Net Subscriber Additions and Accelerating Growth SINGAPORE&#8211;(BUSINESS WIRE)&#8211; Karooooo Limited (\u201cKarooooo\u201d) reported strong results for the first quarter (\u201cQ1 2027\u201d) ended May 31, 2026. Karooooo owns 100% of Cartrack and 81% of Karooooo Logistics, (collectively, \u201cthe group\u201d). Financial highlights include: Q1 Cartrack Subscription Revenue accelerated to 19% Y\/Y reaching ZAR1,351 million and 21% in constant currency Q1 ARR accelerated to 19% Y\/Y reaching ZAR5,432 million and 32% in USD equivalent Karooooo delivered record operating profit of ZAR410 million despite FX headwinds Cartrack Subscriber growth accelerated to 18% with subscribers surpassing 2.8 million Net subscriber additions increased 70% to a record 142,472; South Africa net subscriber additions increased 92% Reaffirming FY27 Outlook: Cartrack Subscription &hellip; Continue reading &quot;Karooooo Reports Q1 2027 Results with Record Net Subscriber Additions and Accelerating Growth&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-15T20:28:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260715045842r1&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-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Karooooo Reports Q1 2027 Results with Record Net Subscriber Additions and Accelerating Growth\",\"datePublished\":\"2026-07-15T20:28:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\\\/\"},\"wordCount\":402,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260715045842r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\\\/\",\"name\":\"Karooooo Reports Q1 2027 Results with Record Net Subscriber Additions and Accelerating Growth - 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Karooooo owns 100% of Cartrack and 81% of Karooooo Logistics, (collectively, \u201cthe group\u201d). Financial highlights include: Q1 Cartrack Subscription Revenue accelerated to 19% Y\/Y reaching ZAR1,351 million and 21% in constant currency Q1 ARR accelerated to 19% Y\/Y reaching ZAR5,432 million and 32% in USD equivalent Karooooo delivered record operating profit of ZAR410 million despite FX headwinds Cartrack Subscriber growth accelerated to 18% with subscribers surpassing 2.8 million Net subscriber additions increased 70% to a record 142,472; South Africa net subscriber additions increased 92% Reaffirming FY27 Outlook: Cartrack Subscription &hellip; Continue reading \"Karooooo Reports Q1 2027 Results with Record Net Subscriber Additions and Accelerating Growth\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\/","og_site_name":"Market Newsdesk","article_published_time":"2026-07-15T20:28:20+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260715045842r1&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-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Karooooo Reports Q1 2027 Results with Record Net Subscriber Additions and Accelerating Growth","datePublished":"2026-07-15T20:28:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\/"},"wordCount":402,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260715045842r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/karooooo-reports-q1-2027-results-with-record-net-subscriber-additions-and-accelerating-growth\/","name":"Karooooo Reports Q1 2027 Results with Record Net Subscriber Additions and Accelerating Growth - 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