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Why Karooooo Limited Plunged Today

TheMotleyFool

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Why Karooooo Limited Plunged Today: https://g.foolcdn.com/editorial/images/838185/gettyimages-2102522876.jpg

Shares of Karooooo Limited (NASDAQ: KARO) fell on Wednesday, declining 16.5% on the day.

Karooooo is a leader in telematics and data software for truck fleets across South Africa, Southeast Asia, and Europe, with a strong and profitable subscription model.

On its fiscal second-quarter 2026 earnings reported today, Karooooo showed impressive revenue growth, but that growth appeared to come at the expense of margins.

Source Fool.com

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