Why it’s worth keeping more than a beady on Cartrack
Market expects growth in earnings per share of more than 20% a year for the global telematics company
In a booming SA economy, telematics (vehicle monitoring) company Cartrack’s interim double-digit revenue, profit and earnings growth would be regarded as very good.
Seen against the current, moribund local environment, its metrics are positively sparkling, and that has been the case for at least the past five years. Since the beginning of 2019 Cartrack’s share price (https://www.sharenet.co.za/v3/quickshare.php?scode=CTK) has risen by over 60%. By comparison the JSE all share index has gone nowhere.
With 1.1 million subscribers globally, Cartrack is a serious player in telematics, being a leading software-as-a-service provider of mobility solutions for small, medium and large fleets. It also provides insurance analytics, security and safety offerings to businesses and consumers. Data analytics remains its primary offering ...