The earnings call highlighted significant growth in subscription revenue, high customer retention, and expansion in key markets like Southeast Asia and Europe. However, challenges remain in achieving ARPU growth targets and managing operational costs.

Company Guidance -

Q2 2026

During the Q1 FY 2026 earnings call, Karooooo provided robust guidance marked by strong financial performance metrics. The company reported an 18% increase in annual recurring revenue (ARR) to ZAR 4.57 million, translating to a 24% increase in USD to $254 million. Subscription revenue constituted 98% of Cartrack revenue, with a commercial ARR retention rate of 95%. Cartrack's subscription revenue grew by 19% to ZAR 1.1 billion, with an operating profit margin of 30%. The LTV to CAC ratio remained above 9x, demonstrating efficient capital allocation and strong customer retention. Karooooo Logistics' revenue also saw a 20% increase to ZAR 121 million. Total revenue for Q1 reached ZAR 1.277 million, reflecting an 18% growth, while earnings per share increased by 19% to ZAR 8.55. The company maintained a Rule of 60 status, with Cartrack's adjusted EBITDA margin at 46%. Additionally, Karooooo ended the quarter with net cash and cash equivalents of ZAR 1.103 million, underscoring their strong balance sheet and dedication to profitable growth.

Strong Subscription Revenue Growth

Cartrack's subscription revenue increased by 19% in ZAR and 24% in USD. Subscription revenue accounts for 98% of Cartrack's total revenue.

High Customer Retention

Cartrack's commercial customer ARR retention rate remains at 95%, with a subscription gross margin of 74% and an LTV to CAC ratio above 9x.

Southeast Asia and European Expansion

Southeast Asia and the Middle East subscription revenue growth accelerated to 30%, and European subscription revenue growth accelerated to 22%.

Record Net Subscriber Additions

Cartrack experienced record Q1 net subscriber additions of 84,000, an increase of 11%.

Profitable Growth and Cash Flow

Operating profit increased by 17% to ZAR 352 million, and free cash flow was ZAR 338 million.

Rule of 60 Achievement

Cartrack achieved a Rule of 60, combining a 19% subscription revenue growth and a 46% adjusted EBITDA margin.

Karooooo (KARO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

KARO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 09, 2025	2026 (Q2)	0.45 / -	0.419	―	―	―
Jul 22, 2025	2026 (Q1)	0.43 / 0.49	0.409	19.25% (+0.08)
May 14, 2025	2025 (Q4)	0.39 / 0.54	0.388	39.21% (+0.15)
Jan 14, 2025	2025 (Q3)	0.38 / 0.44	0.361	21.14% (+0.08)
Oct 15, 2024	2025 (Q2)	0.39 / 0.42	0.32	31.02% (+0.10)
Jul 18, 2024	2025 (Q1)	0.36 / 0.41	0.29	40.86% (+0.12)
May 15, 2024	2024 (Q4)	0.36 / 0.39	0.268	44.89% (+0.12)
Jan 23, 2024	2024 (Q3)	0.33 / 0.36	0.268	34.89% (+0.09)
Oct 12, 2023	2024 (Q2)	0.32 / 0.32	0.281	13.79% (+0.04)
Jul 20, 2023	2024 (Q1)	0.31 / 0.29	0.283	2.62% (<+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

KARO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$50.56	$48.63	-3.82%
May 14, 2025	$44.90	$50.25	+11.92%
Jan 14, 2025	$47.49	$44.64	-6.00%
Oct 15, 2024	$45.50	$38.40	-15.60%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Karooooo (KARO) report earnings?

Karooooo (KARO) is schdueled to report earning on Oct 09, 2025, Before Open (Confirmed).

What is Karooooo (KARO) earnings time?

Karooooo (KARO) earnings time is at Oct 09, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is KARO EPS forecast?

KARO EPS forecast for the fiscal quarter 2026 (Q2) is 0.45.

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