NasdaqCM:KAROSoftware
Should Strong Results And Dividend Hike Require Action From Karooooo Stock Investors?
Karooooo reported a strong start to FY27, with Cartrack subscription revenue growth of 19% in Q1, record net subscriber additions of 142,472 led by South Africa, record operating profit of ZAR 410 million, and a 1.5 US dollar dividend per share that was 20% higher than the prior year.
The quarter highlighted how new offerings such as Cartrack Tag and video solutions, together with earlier sales capacity investments, are contributing to both subscriber momentum and the company’s decision to...