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Karooooo ( (KARO) ) just unveiled an announcement.
On January 20, 2026, Karooooo reported unaudited results for its third quarter of fiscal 2026, covering the period ended November 30, 2025, highlighting accelerating growth across its subscription and logistics businesses. Cartrack’s subscription revenue rose 20% year-on-year to ZAR1.24 billion and SaaS annualized recurring revenue climbed 22% to ZAR5.11 billion (USD298 million), with record net subscriber additions driving a 16% increase in its base to about 2.57 million users. Group subscription revenue increased 20% to ZAR1.24 billion, while Karooooo Logistics’ delivery-as-a-service revenue grew 24% to ZAR135 million, underpinning consolidated revenue growth of 22%. Operating profit advanced 14% to ZAR369 million and adjusted earnings per share rose 11% to ZAR8.54, even as operating margins moderated slightly amid heavier growth-related spending. Management emphasized that higher investment in sales, marketing and distribution is intended to sustain the current acceleration in annual recurring revenue and support long-term shareholder value, and the company raised the midpoint of its fiscal 2026 revenue outlook, signaling confidence in continued momentum.
The most recent analyst rating on (KARO) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on Karooooo stock, see the KARO Stock Forecast page.
Spark’s Take on KARO Stock
According to Spark, TipRanks’ AI Analyst, KARO is a Outperform.
Karooooo’s strong financial performance and positive earnings call sentiment are the most significant factors driving the score. While technical indicators suggest a bearish trend, the company’s robust growth metrics and fair valuation provide a balanced outlook.
To see Spark’s full report on KARO stock, click here.
More about Karooooo
Karooooo Ltd. is a Singapore-headquartered mobility-focused software-as-a-service (SaaS) group that owns 100% of Cartrack and 81% of Karooooo Logistics. Through Cartrack, the company provides connected mobility, telematics and fleet-management subscription services, while Karooooo Logistics offers business-to-business delivery-as-a-service solutions, with a strong revenue base in South Africa and growing international exposure.
Average Trading Volume: 40,826
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.45B
See more data about KARO stock on TipRanks’ Stock Analysis page.