Why Karooooo Stock Stumbled Today
Shares of Karooooo (NASDAQ:KARO) tumbled out of the gate on Tuesday, falling as much as 9%. As of 11:54 a.m. ET, the stock was still down 2.1%.
The catalyst that sent the Internet of Things (IoT) and logistics specialist lower was the company’s financial report — but things aren’t what they seem.
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