New York, May 25, 2026, 18:02 (EDT)
- Karooooo’s shares in New York ended Friday at $47.58. U.S. markets were closed Monday for Memorial Day.
- The company’s next appearance for investors is set for June 3 at the William Blair Growth Stock Conference.
- Management wants investors to focus on faster subscription growth rather than near-term margin pressure.
Karooooo Ltd. Nasdaq shares didn’t trade Monday because of the Memorial Day holiday. Investors are coming off a late-week rally as they look ahead to a new conference appearance that may shape the stock’s next direction.
No U.S. cash trading will take place until Tuesday. Nasdaq’s 2026 calendar shows Memorial Day, May 25, as a market holiday. Normal hours are 9:30 a.m. to 4:00 p.m. Eastern.
Karooooo shares settled at $47.58 on Friday, gaining 2.3%, market data showed. Trading stayed light—roughly 29,400 shares changed hands. The Cartrack owner is valued close to $1.47 billion.
Karooooo is in focus for the coming week, as Richard Schubert, group COO, and Paul Bieber, VP of investor relations and strategic finance, are set to present at William Blair’s Growth Stock Conference on June 3 at 4:40 p.m. Central Time.
Investors look at those meetings to probe the story after earnings. Karooooo said on May 13 that revenue for fiscal 2026 climbed 20% to 5.48 billion rand. Adjusted free cash flow, which is cash left after investment spending and company tweaks, jumped 90% to 809 million rand.
The company announced a $1.50 per share dividend, up 20% from last year, to be paid in July. Nasdaq shareholders get their payment on July 27, with a record date set for July 17.
Cartrack CEO Zak Calisto called fiscal 2026 a year of “strong execution” and said subscription revenue growth sped up to 19%, up from 15% in the prior year. Subscription revenue, or the regular payments customers make for software or services, climbed. Business Wire
Karooooo’s annual recurring revenue (ARR) jumped 18% to 5.18 billion rand. Calisto said South Africa ARR finished the year up 23%. South Africa is still the company’s main market.
The competitive read is messy, yet still matters. Karooooo lands in the broad group of connected-operations and fleet software stocks like Samsara and Powerfleet. Samsara pitches an AI-powered fleet and safety platform, and Powerfleet calls itself an AIoT SaaS player for mobile assets.
But risk hasn’t gone away. Karooooo’s Q4 operating profit dropped 12%. Cartrack’s Q4 operating margin slipped to 25% from 34%. Management is guiding Cartrack gross profit margin to 70%-72% for fiscal 2027. The company said its outlook assumes current forex rates, so any currency shifts or efficiency gains will matter.
Stocks are kicking off a short week not far from their peaks. The S&P 500 gained 0.4% Friday and the Nasdaq Composite climbed 0.2%. All the big U.S. indexes finished the week up, according to Associated Press data.
Karooooo holders are looking past the non-trading session Monday and focusing on management’s pitch to growth investors. The company is betting that more spending on sales, new AI tools, and products like Video and Cartrack-Tag will drive revenue without hurting margins too much. Calisto said Karooooo plans to slow hiring in fiscal 2027 as it aims for more sales-force efficiency and pushes AI.
