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Why Karooooo Limited Plunged Today

Key Points Karooooo delivered strong revenue growth but disappointing earnings today. Despite some margin compression, the company's Cartrack unit is still exceeding the rule of 60. The sell-off is likely an opportunity to buy this little-known international telematics leader. 10 stocks we like better than Karooooo › 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, S ...