{"url":"https://newsforagent.com/news/2026-10-19/karooooo-revenue-growth-cartrack-subscribers","markdown_url":"https://newsforagent.com/news/2026-10-19/karooooo-revenue-growth-cartrack-subscribers.md","title":"Karooooo Revenue Up 25% as Cartrack Adds 94,516 Users","headline":"Karooooo Posts 25% Constant-Currency Revenue Growth as Cartrack Adds Record 94,516 Subscribers","description":"Karooooo reported Q2 2027 revenue up 25% in constant currency, with Cartrack adding a record 94,516 net subscribers and ARR rising 19% to ZAR5,708 million.","section":"Earnings & Results","published_at":"2026-10-19T21:17:07+00:00","modified_at":"2026-10-19T21:17:07+00:00","author":"News Desk","key_takeaways":["Karooooo reported Q2 2027 revenue growth of 25% in constant currency, with Cartrack subscription revenue up 23% in constant currency.","Cartrack added a record 94,516 net subscribers in the quarter, reaching 2,899,210 subscribers, an 18% increase.","Karooooo delivered record quarterly operating profit of ZAR422 million, up 19% year over year, while EPS rose 18% to ZAR9.28."],"companies":[{"name":"Karooooo","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000kze/karooooo","website":"https://www.karooooo.com"},{"name":"Cartrack Technologies","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0033hem/cartrack-technologies","website":"https://www.cartrack.sg"}],"source":{"publisher":"Business Wire","title":"Karooooo Q2 earnings: revenue up 25% in constant currency","url":"https://www.businesswire.com/news/home/20261019330047/en/"},"other_sources":[],"tags":["Earnings & Results","Karooooo","Cartrack Technologies"],"body_markdown":"[Karooooo](https://akta.pro/company-profiles/0000kze/karooooo) Limited reported second-quarter fiscal 2027 revenue growth of 25% in constant currency, with [Cartrack](https://akta.pro/company-profiles/0033hem/cartrack-technologies) adding a record 94,516 net subscribers, the company said on October 19, 2026. The results, published by [Business Wire](https://www.businesswire.com/news/home/20261019330047/en/), cover the quarter ended August 31, 2026.\n\n## Cartrack Subscriber Growth and Revenue Details\n\nKarooooo owns all of Cartrack and 91.5% of Karooooo Logistics. Cartrack subscription revenue rose 20% year over year to ZAR1,415 million, and 23% in constant currency. Cartrack's subscriber base reached 2,899,210, up 18% from 2,456,989 a year earlier. Annualized recurring revenue increased 19% to ZAR5,708 million, or 30% in US dollar terms to USD354 million.\n\nKarooooo posted record quarterly operating profit of ZAR422 million, up 19% year over year despite foreign-exchange headwinds. Earnings per share rose 18% to ZAR9.28, and adjusted EPS rose 12% to ZAR9.28. Karooooo Logistics revenue increased 36% to ZAR189 million, driven by demand for quick-commerce orders.\n\n\"We are pleased to report another quarter of acceleration,\" said Zak Calisto, Group CEO. \"Cartrack's constant currency subscription revenue growth increased to 23% in Q2, compared to 21% in Q1, with constant currency growth acceleration across all regions.\" Calisto said the 23% growth sits in the upper band of the company's fiscal 2027 outlook of 18% to 24%.\n\n## Karooooo's Partnerships and Prior Results\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Karooooo formed a fleet data integration partnership with Volkswagen Group Info Services AG in November 2025, enabling Cartrack to ingest OEM vehicle data into its operational intelligence platform. In February 2026, the company partnered with Schmitz Cargobull to integrate TrailerConnect telematics into Cartrack, giving fleet operators real-time trailer visibility without new hardware installation. Karooooo's total revenue for fiscal 2026, ending February 2026, was R5.48 billion, up 20% year over year.\n\n## Earlier Karooooo Results and Guidance\n\nKarooooo reported fiscal 2026 subscription revenue of ZAR4,831 million, up 19%, with 2.66 million subscribers and a 28% operating margin, MarketScreener reported on September 28, 2026. The company guided fiscal 2027 subscription revenue to ZAR5.7-6.0 billion, up 18-24%, and adjusted EPS to ZAR38.50-40.00. On September 11, 2026, The Motley Fool reported that Karooooo's subscription revenue grew 19% year over year in the first quarter of fiscal 2027, reaching 2.8 million subscribers.\n\n## Karooooo's Second-Half Priorities\n\nKarooooo said it expects constant currency growth to remain within its fiscal 2027 outlook of 18% to 24%. Calisto said the company remains focused on building on first-half momentum and driving AI adoption throughout the organization. Full results are available on the company's [website](https://www.karooooo.com).\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}