Karooooo reached SGD 334.6 million in revenue in 2024, earning a place on Singapore's Fastest-Growing Companies 2026. The company's subscription revenue increased 24% to USD 63 million in Q1 2026, driven by strong growth in its core Cartrack fleet management platform and expanding Karooooo Logistics last-mile delivery solutions. The company demonstrates durable profitability with strong cash generation, reflected in quarterly dividend payments.
Cyborg Score Rationale
Full-year 2025 earnings per share increased 25% to ZAR 29.81 with operating profit increasing 26% to ZAR 1,312 million. The company exhibits exceptional scale and growth trajectory while maintaining operational margins above 30%, with a diversified global customer base spanning 20+ countries and multiple revenue streams.
Top Insights
Cartrack subscribers increased 17% to 2.38 million with net subscriber additions increasing 11% in Q1 2026
Cartrack's operating profit margin increased to 34% in Q4 2025, demonstrating strong operational leverage
Cartrack and Volkswagen Group announced a partnership for fleet data integration in November 2025, expanding enterprise integrations
The company leverages more than 180 billion data points each month to enable strategic decision making and transform analytics into actionable intelligence
Named Competitors
Fleet Management Platform — Connected vehicle data platform for telematics and fleet management
Fleet Operations Software — IoT platform for durable asset operations and fleet management
Logistics Software — Last-mile delivery and route optimization software
Recent Developments
(February 2026) Karooooo recognized among Singapore's fastest-growing companies with sustained growth at scale
(November 2025) Cartrack and Volkswagen Group partnership for fleet data integration announced