Karooooo (KARO) has released an update.
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Karooooo Limited reported impressive financial results for the second quarter of 2025, with a 17% year-over-year increase in subscribers reaching 2.14 million and a record 31% rise in adjusted earnings per share. The company also achieved an 18% increase in net subscriber additions for its Cartrack division, highlighting strong subscription revenue growth and improved gross margins. Karooooo is strategically focusing on expanding its investment in Southeast Asia, aiming to leverage the region’s growth potential while maintaining disciplined growth strategies.
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