Karooooo (NASDAQ:KARO) is a technology company that provides software-as-a-service solutions for connected vehicles, fleet management, and mobility operations. Through its Cartrack business, the company offers vehicle tracking, fleet monitoring, driver safety tools, asset management, and data analytics designed to help businesses improve productivity, security, and operational efficiency.
Cartrack’s platform collects and analyzes telematics data, providing customers with real-time visibility into vehicles and other mobile assets. Its services are used by commercial fleets, logistics operators, insurers, and other organizations that need tools for route management, vehicle recovery, maintenance oversight, fuel management, and risk reduction. Karooooo has also operated Carzami, a digital automotive marketplace focused on used-vehicle transactions in South Africa.
Karooooo traces its origins to the Cartrack business, which was established in 2004. The company serves customers across multiple international markets, including countries in Africa, Asia-Pacific, Europe, and the Middle East. It is led by founder Zak Calisto, who serves as chief executive officer.
