Karooooo Demonstrates Its Ability to Grow at Scale, Expand Margins and Deliver Record Earnings
“These results extend the group’s track record of robust growth at scale, profitability and cash generation over more than a decade.
- “These results extend the group’s track record of robust growth at scale, profitability and cash generation over more than a decade.
- The group’s success is underpinned by an entrepreneurial, innovative, agile and customer-centric culture with a prudent capital allocation strategy focused on growth.
- In Q3 2024, our subscription revenue grew 17% to ZAR904 million (Q3 2023: ZAR772 million) and ARR grew 20% to ZAR3,711 million (Q3 2023: ZAR3,097 million).
- Cartrack continues to build on its track record of growing at scale and experienced strong customer acquisition in the quarter.