Karooooo Ltd Stock Price, News & Analysis

Karooooo Limited (NASDAQ: KARO) has scheduled its Fourth Quarter and Full Year 2025 Financial Results release for May 14, 2025 after 4:00 PM ET. The company will host a Zoom webinar to discuss the results on May 15, 2025 at 8:00 AM ET. Additionally, Group CEO Zak Calisto will participate in two upcoming conferences: the Bank of America Emerging Markets Corporate Conference (May 28-29, 2025) and the William Blair 45th Annual Growth Stock Conference (June 3-4, 2025).

Karooooo (KARO), a smart mobility SaaS platform provider specializing in connected vehicles and mobile assets, has announced its participation in the Raymond James 26th Annual Institutional Investor Conference. Group Chief Operating Officer Richard Schubert will represent the company at the event, which takes place in Orlando, FL on Tuesday, March 4th at 4:35 p.m. ET.

Interested parties can access a live webcast of the presentation through the Events and Presentations section on Karooooo's Investor Relations website at karooooo.com.

Cartrack, a subsidiary of Karooooo (NASDAQ: KARO), has launched Cartrack-Tag, an advanced wireless asset tracking device designed for commercial operations. The device operates independently of cellular networks and is resistant to signal jamming, providing enhanced visibility in challenging environments.

The solution leverages Cartrack's proprietary network across Southern Africa, offering near real-time tracking capabilities and tamper-resistant features. When paired with a Cartrack IoT device, it detects signal interference attempts and instantly alerts both asset owners and Cartrack's 24/7 surveillance team.

Key features include centralized asset monitoring, geofencing capabilities, separation alerts for cargo theft prevention, and operational optimization tools. The system helps businesses minimize downtime, reduce operating expenses, and improve resource allocation efficiency. Cartrack currently serves over 2,270,000 active subscribers across 23 countries.

Karooooo (NASDAQ: KARO) reported strong Q3 2025 results with significant growth across key metrics. The company's subscriber base grew 17% year-over-year to 2.22 million, while Cartrack net quarterly subscriber additions increased 15% to 86,617. Quarterly earnings per share reached a record ZAR7.68, up 21% year-over-year.

Subscription revenue increased 14% to ZAR1,032 million, and operating profit rose 18% to ZAR325 million. Cartrack's total revenue grew 14% to ZAR1,051 million, with subscription revenue representing 98% of total revenue. Karooooo Logistics showed strong performance with a 20% revenue increase to ZAR109 million.

The company highlighted its expansion in Europe, strong growth in Southeast Asia's subscription revenue (26% on constant currency), and the introduction of new fuel validation software to help customers prevent fraudulent transactions and improve operational efficiency.

Karooooo (NASDAQ: KARO), owner of Cartrack (100%) and Karooooo Logistics (74.8%), has scheduled its Third Quarter 2025 Financial Results release for Tuesday, January 14, 2025, after 04:00 p.m. Eastern Time. The company will host a Zoom webinar to discuss the results on Wednesday, January 15, 2024, at 08:00 a.m. Eastern Time (03:00 p.m. South African time; 09:00 p.m. Singaporean time). Investors can join via Zoom or telephone, with toll-free options available for US and South Africa participants. A replay will be accessible on the company's website approximately three hours after the event.

Karooooo reported strong Q2 2025 and HY 2025 results, ending August 31, 2024. Key highlights include:

• 17% Y/Y increase in subscribers to 2.14 million
• 18% Y/Y increase in Cartrack net subscriber additions to 89,168
• 300bps Y/Y improvement in Cartrack gross margin to 74%
• 31% Y/Y increase in adjusted earnings per share to ZAR7.35

Karooooo grew subscription revenue by 15% to ZAR986 million, with operating profit up 22% to ZAR302 million. Cartrack's subscription revenue grew 15% to ZAR983 million, representing 98% of total revenue. Karooooo Logistics saw a 40% revenue increase to ZAR101 million. The company has raised its FY25 outlook for subscribers and Cartrack subscription revenue.

Karooooo (NASDAQ: KARO), owner of Cartrack and 74.8% of Karooooo Logistics, has announced the release of its Second Quarter 2025 Financial Results on Monday, October 14, 2024 shortly after 04:00 p.m. Eastern Time. The company will host a corresponding Zoom webinar on Tuesday, October 15, 2024 at 08:00 a.m. Eastern Time (02:00 p.m. South African time; 08:00 p.m. Singaporean time).

Investors can join the webinar using the provided Zoom link or telephone numbers. A replay of the event will be available on the company's website approximately three hours after its conclusion.

Karooooo announced the termination of its previously announced secondary public offering of ordinary shares due to unfavorable market conditions. The offering, initiated by CEO Isaias (Zak) Jose Calisto as the Selling Shareholder, aimed to improve investor liquidity. Despite significant investor interest and oversubscription, recent market changes and their impact on the share price led to the decision to halt the offering. No ordinary shares of Karooooo (KARO) will be sold as a result of this termination. However, the company retains the flexibility to conduct a future offering under its Registration Statement on Form F-3 when market conditions improve.

Karooooo (NASDAQ: KARO) has announced a secondary public offering of ordinary shares held by CEO Isaias (Zak) Jose Calisto. The offering aims to generate $75 million in gross proceeds, with underwriters having a 30-day option to purchase additional shares worth $11.25 million. Karooooo will not receive any proceeds from the sale but will bear associated costs. UBS Investment Bank and William Blair are acting as joint active lead book-running managers, while Raymond James and Standard Bank are joint book-running managers. The offering will be made through a prospectus and prospectus supplement, with the Registration Statement on Form F-3 already declared effective by the SEC on July 22, 2024.