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Karooooo Plunges 11.07% as Stockholders Plan $75M Share Sale

Generated by AI AgentAinvest Pre-Market Radar

Thursday, Jun 12, 2025 5:37 am ET1min read

On June 12, 2025, Karooooo's stock experienced a significant drop of 11.07% in pre-market trading, indicating a notable shift in investor sentiment.

Karooooo's stockholders have announced plans to sell $75 million in common shares, which could potentially impact the company's stock price. This move by stockholders may lead to increased supply in the market, potentially driving down the stock price further.

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