Karooooo

KARO

Market cap $1.98B

Does Karooooo Ltd. (KARO) have what it takes to be a top stock pick for momentum investors?

Karooooo (KARO) is well positioned to outperform the market, as it exhibits above-average growth in financials.

As of July 17, 2026, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Karooooo Ltd. delivered another strong earnings beat, with revenue up 22% and robust subscriber growth in its core Cartrack product. KARO maintains high EBITDA (45%) and operating (28%) margins, despite FX-driven margin compression and increased sales and marketing spend. Balance sheet metrics are healthy, with $756 million in hard currency cash and a 2.13% dividend yield supporting capital flexibility while reducing default risk.

Karooooo reported 34% year-over-year revenue growth and an 11% jump in bottom-line earnings. The Karooooo Logistics division posted a 48% increase in sales for the quarter.

Karooooo Ltd. (KARO) Q1 2027 Earnings Call Transcript

Karooooo NASDAQ: KARO reported a stronger start to fiscal 2027, with management highlighting accelerating subscription revenue growth, record subscriber additions and record operating profit despite foreign exchange pressure from a stronger South African rand.

Karooooo Ltd. (KARO) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.51 per share.

SINGAPORE--(BUSINESS WIRE)--Karooooo Limited (“Karooooo”) reported strong results for the first quarter (“Q1 2027”) ended May 31, 2026. Karooooo owns 100% of Cartrack and 81% of Karooooo Logistics, (collectively, “the group”). Financial highlights include: Q1 Cartrack Subscription Revenue accelerated to 19% Y/Y reaching ZAR1,351 million and 21% in constant currency Q1 ARR accelerated to 19% Y/Y reaching ZAR5,432 million and 32% in USD equivalent Karooooo delivered record operating profit of ZAR.

SINGAPORE--(BUSINESS WIRE)--Karooooo Limited (NASDAQ: KARO) (“Karooooo” or “the Company”), which owns 100% of Cartrack and 81% of Karooooo Logistics, announced that the Company will release its First Quarter 2027 Financial Results on Wednesday, July 15, 2026 shortly after 04:00 p.m. Eastern Time. Webcast: The Company will host a corresponding Zoom webinar on Thursday, July 16, 2026 at 08:00 a.m. Eastern Time (02:00 p.m. South African time; 08:00 p.m. Singaporean time). Investors, analysts and m.