Karooooo Ltd. Reports Strong Q3 Earnings

Karooooo Ltd. reported strong third-quarter financial results for FY2025, with earnings per share rising to $0.43, surpassing estimates and marking a year-on-year increase. The company achieved a 14% rise in subscription revenue, bolstered by a significant 26% growth in Southeast Asia, reflecting its expanding market presence. Cartrack, a subsidiary, reported a 17% increase in subscribers and a 30% operating profit margin, contributing to the overall positive performance. The firm emphasized its focus on product innovation and strategic investments to support future growth, particularly in its logistics services. Karooooo's stock performance has been favorable, with a year-to-date increase of approximately 5.9%. Overall, the company maintains a positive outlook for continued expansion and customer acquisition.