Cartrack reports higher profit and more subscribers while awaiting for report into employee’s death
Coming to the money, the vehicle tracking company reported a 16% increase in operating profit to R395 million, although its operating profit margin narrowed from 30% to 28%, indicating that operating costs grew faster than revenue during the quarter.7 million and R6 million, which implies subscription revenue growth between 18% and 24%; “Gross profit margin between 70% and 72%; and operating profit margin between 27% and 30%.
Cartrack’s parent company, Karooooo, has announced a successful first quarter of 2027, with the vehicle tracking company adding more subscribers and achieving higher operating profit.
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