Karooooo Adj. EPS Increased 31% YoY To ZAR7.35
Portfolio Pulse from Benzinga Newsdesk
Karooooo reported a 31% year-over-year increase in adjusted EPS to ZAR7.35, with subscriber growth and improved gross margins. The company raised its FY25 outlook for subscribers and Cartrack subscription revenue.
October 15, 2024 | 10:59 am
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Karooooo's adjusted EPS increased by 31% YoY, driven by a 17% increase in subscribers and improved gross margins. The company has raised its FY25 outlook for subscribers and revenue.
The significant increase in EPS and subscriber growth, along with improved margins, indicates strong operational performance. Raising the FY25 outlook suggests confidence in future growth, likely positively impacting the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100