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KARO - Karooooo Seeks Southeast Asia Opportunity As Margins Drop
December, 12 2022 10:15 PM
Karooooo Ltd.
Summary Karooooo went public in April 2021, raising around $29 million in a U.S. IPO. The firm provides a range of vehicle telematics solutions worldwide. KARO has noted increased demand in Southeast Asia but gross margin has dropped and it faces a macroeconomic slowdown ahead. I'm on Hold for KARO in the near term. For further details see:
Karooooo Seeks Southeast Asia Opportunity As Margins Drop
Stock Information
Company Name:
Karooooo Ltd.
Stock Symbol:
KARO
Market:
NASDAQ
Website:
karooooo.com
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