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Karooooo Limited Shares Plunge Despite Revenue Growth

Karooooo Limited Shares Plunge Despite Revenue Growth

Author:

Global Cryptocurrency

Published:

2025-10-16 01:35:01

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BTCCSquare news:

Karooooo Limited (KARO) saw its shares plummet 16.5% on Wednesday, as investors reacted to its fiscal Q2 2026 earnings report. The telematics and data software leader reported a 21% revenue growth but disappointed with only a 13% rise in adjusted non-GAAP earnings per share. Margins contracted, with gross margins falling three percentage points to 72%.

While the company accelerated its annual recurring revenue growth to 20%, up from 17% in fiscal 2025, profit concerns triggered a sell-off. The stock had rallied significantly in recent years, making it vulnerable to earnings misses. Withholding taxes on dividends and margin pressures overshadowed the top-line progress.

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