Karooooo Ltd. KARO

Company Overview

Karooooo Ltd. is a global provider of mobility SaaS solutions, operating primarily in the telematics, fleet management, and logistics technology industries. The company’s core business focuses on subscription-based services that enable vehicle tracking, fleet optimization, driver behavior monitoring, and asset recovery. Karooooo generates the majority of its revenue from recurring subscriptions tied to connected vehicles and assets, serving commercial fleet operators, logistics companies, insurers, and individual consumers.

The company operates mainly through its wholly owned subsidiary Cartrack Holdings Ltd., which is positioned as a vertically integrated telematics provider with proprietary hardware, software, and data analytics capabilities. Founded in South Africa in 2001 by Zak Calisto, the business expanded internationally over two decades and reorganized under Karooooo Ltd., which became publicly listed on the New York Stock Exchange in 2021 following a redomiciliation and corporate restructuring.