IPO Year:
Exchange: NYSE
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/10/2022 | $0.49 → $2.33 | Sell → Buy | Berenberg |
6/8/2022 | $1.50 | Buy → Neutral | Citigroup |
5/25/2022 | $2.00 | Neutral | Goldman |
5/2/2022 | Neutral | JP Morgan | |
4/27/2022 | $2.60 | Neutral | UBS |
4/14/2022 | $6.60 → $3.50 | Buy → Neutral | BofA Securities |
9/15/2021 | $11.80 | Buy | Citigroup |
Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK online used car platform, announces receipt of a written notice (the "Notice") from the New York Stock Exchange (the "NYSE") on May 16, 2024 stating that the Company is not in compliance with the NYSE continued listing standards set forth in Section 802.01E of the NYSE Listed Company Manual, which requires timely filing of all required periodic reports with the Securities and Exchange Commission (the "SEC"), because of the Company's failure to timely file its Form 20-F for the fiscal year ended December 31, 2023 (the "2023 Form 20-F"). As previously disclosed on May 1, 2024, Cazoo was unable to file its 2023 Form 20-F on or be
Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK online used car platform which makes buying and selling a car as simple as ordering any other product online, announces its intention to transition to a marketplace business model, leveraging the strength of the Cazoo brand and the market-leading ecommerce platform it has built in online automotive retailing for the benefit of the 13,000 car dealers operating in the UK's highly fragmented used car market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240306316548/en/(Photo: Business Wire) On December 6, 2023 Cazoo completed a series of transactions to restructure it
Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announces today the completion of its restructuring transactions (the "Transactions") on December 6, 2023. The Transactions significantly de-levered the Company through the exchange of $630 million aggregate principal amount of 2.00% Convertible Senior Notes due 2027 for a pro rata portion of (1) $200 million aggregate principal amount of 4.00%/2.00% cash/payment-in-kind toggle senior secured notes due 2027 and (2) 4,499,721 Class A ordinary shares of Cazoo, which represents approximately 92% of the 4,891,002 Class A or
Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announces an update to the methodology for settlement of the exchange of $630 million aggregate principal amount of 2.00% Convertible Senior Notes due 2027 (the "Convertible Notes") for a pro rata portion of (1) $200 million aggregate principal amount of 4.00%/2.00% cash/payment-in-kind toggle senior secured notes due 2027 (the "New Notes") and (2) Class A ordinary shares of Cazoo, which will represent 92% of the total Class A ordinary shares outstanding immediately after giving effect to the exchange offer (the "Exchan
Cazoo Group Ltd (NYSE:CZOO) ("Cazoo," the "Company," "we," "us" or "our"), the UK online car retailer, which makes buying and selling a car as simple as ordering any other product online, announced today that its Board of Directors has approved a consolidation of the Company's issued and unissued share capital, par value US$0.002 per share, at a ratio of 1-for-100 (the "reverse stock split"), as well as an increase in share capital (the "share increase"). After giving effect to the reverse stock split and the share increase the Company's authorized share capital will be US$22,105,000, divided into 100,000,000 Class A ordinary shares with a par value of US$0.20 each (the "Class A Shares"), 2
Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announces today the final results of its previously announced exchange offer (the "Exchange Offer"). In the Exchange Offer, Cazoo offered to exchange $630 million aggregate principal amount of its 2.00% Convertible Senior Notes due 2027 (the "Convertible Notes") for a pro rata portion of (1) $200 million aggregate principal amount of 4.00%/2.00% cash/payment-in-kind toggle senior secured notes due 2027 and (2) Class A ordinary shares of Cazoo which will represent 92% of the total Class A ordinary shares outstanding up
Cazoo Expects Transactions to be Completed on December 6, 2023 Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, today announces that its contemplated distribution of three tranches of warrants to purchase its Class A ordinary shares (the "Warrants") will be made to holders of record of its Class A ordinary shares (the "Warrant Distribution") as of close of business on December 7, 2023, after giving effect to Cazoo's anticipated 1-for-100 consolidation of its issued and unissued share capital (the "Reverse Stock Split") and other than to holders receiving Class A ord
Shareholders vote in favour of Transactions to materially reduce Cazoo's indebtedness Transactions significantly reduce Cazoo's indebtedness from $630 million to $200 million Deleveraged capital structure will provide financial flexibility to support future growth Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announces that, following its Extraordinary General Meeting ("EGM"), held today at 3:00 p.m. GMT, all resolutions submitted for shareholder approval were overwhelmingly approved. The final results of the voting at the EGM will be available shortly at Caz
Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK online used car retailer, which makes buying and selling a car as simple as ordering any other product online, announced that the Company has secured agreements from the holders of 100% of its $630 million aggregate principal amount of 2.00% Convertible Senior Notes due 2027 (the "Convertible Notes") to participate in the Company's exchange offer, in which Cazoo is offering to exchange each $1,000 in principal amount of the Convertible Notes for a pro rata portion of (1) $200 million aggregate principal amount of 4.00%/2.00% cash/PIK Toggle Senior Secured Notes due 2027 and (2) Class A ordinary shares of the Company, which will
Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK's leading independent online car retailer, which makes buying and selling a car as simple as ordering any other product online, announced today that it is offering holders of its existing convertible notes the opportunity to exchange their convertible notes and receive new secured notes and Class A ordinary shares of the Company. Holders of 85% of the Company's convertible notes have already committed to participate in this transaction. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231103770191/en/(Photo: Business Wire) The Company is making an offer to the holders
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Strong progress on GPU with significant QoQ improvement Restructuring on track and to be completed by end March COO appointment draws on deep automotive experience January & February retail GPU tracking at ~£900, up from ~£600 during Q4 2022 Cash reserves remain strong with £225m+ cash/cash equivalents at end February Rightsizing of headcount and operations on target to complete before end of March Appointment of Jonathan Dunkley as Chief Operating Officer from end of March Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK's leading online car retailer, which makes buying and selling a car as simple as ordering any other product online, provides an update on its bus
New Record Retail GPU of £1,470 in Q3 2023 Significant improvement to Gross Margin Cost reductions result in strong cash position Q3 2023 Retail GPU up 14% versus Q2 2023 and up 201% YoY Gross Margin improves to 6.5%, up 3.5 ppts YoY (Q3 2022: 3.0%) On target reduction in fixed and variable costs, delivering forecasted savings Strong cash position of £151 million of cash and cash equivalents at end of period Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK online used car retailer which makes buying and selling a car as simple as ordering any other product online, announces its financial results for the three months ended September 30, 2023. This press rele
Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK's independent leading online car retailer, which makes buying and selling a car as simple as ordering any other product online, today announces the Company will release its third quarter 2023 results before the U.S. stock market opens on Wednesday, October 25, 2023. The Company will host a conference call at 8:00 a.m. Eastern Time that day. Investors and analysts interested in participating in the call are invited to dial 1-877-704-6255, or for international callers, 1-215-268-9947. About Cazoo - www.cazoo.co.uk Our mission is to transform the car buying and selling experience across the UK by providing better selection, v
Significant continued improvement in Retail GPU Year-on-year adjusted EBITDA loss reduced by over 50% Further £20+ million of annual cash savings identified for 2024 Strong Q2 2023 Retail GPU of £1,290, up 32% QoQ and 317% YoY Q2 2023 Gross margin at 4.7%, up 3.7 ppts YoY with Gross Profit of £23m in H1 2023 Cost reductions lead to significant improvement in adjusted EBITDA in H1 2023 Cash reserves remain strong with £195m of cash and ~£35m of self-financed inventory 2023 guidance reiterated Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK's leading independent online car retailer, which makes buying and selling a car as simple as ordering any other product o
Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK's independent leading online car retailer, which makes buying and selling a car as simple as ordering any other product online, today announces the Company will release its second quarter and first half 2023 results before the U.S. stock market opens on Tuesday, August 1, 2023. The Company will host a conference call at 8:00 a.m. Eastern Time that day. Investors and analysts interested in participating in the call are invited to dial 1-877-704-6255, or for international callers, 1-215-268-9947. A webcast of the call will also be available on the investor relations page of the Company's website at https://investors.cazoo.co.uk.
Record Retail GPU of £980 in Q1 2023 (over £1,200 in March) Business restructuring complete Strong cash position Record Retail GPU of £980 in Q1, up 690% YoY, ahead of expectations Achieved new record level of Retail GPU of over £1,200 in March Q1 2023 revenue and retail unit sales in line with expectations Gross profit of £14 million in Q1, up 367% YoY, with improved margins Strong cash position with over £215 million as at the end of Q1 2023 FY 23 guidance reiterated as performance improvement continues Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK's leading independent online car retailer, which makes buying and selling a car as simple as ordering an
Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK's independent leading online car retailer, which makes buying and selling a car as simple as ordering any other product online, today announces the Company will release its first quarter 2023 results before the U.S. stock market opens on Thursday, April 27, 2023. The Company will host a conference call at 8:00 a.m. Eastern Time that day. Investors and analysts interested in participating in the call are invited to dial 1-877-704-6255, or for international callers, 1-215-268-9947. A webcast of the call will also be available on the investor relations page of the Company's website at https://investors.cazoo.co.uk. About Cazoo
FY 2022 record revenue of £1.25bn 120,000+ cars sold entirely online since launch Significant further improvement to Retail GPU performance Record FY 22 revenue of £1.25bn (+91% YoY) and UK Retail units of 65,366 (+88% YoY) Retail GPU materially improving quarter-on-quarter in 2022 to £596 in Q4 (+156% YoY) FY 22 Adjusted EBITDA of -£254m (2021: -£168m) due to investment in driving growth Strong cash reserves of £258m and ~£75m of self-financed inventory as at end Dec 22 Reconfirming FY 23 guidance with record Retail GPU of ~£950 per unit expected in Q1 Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK's leading independent online car retailer, which makes buying
Cazoo Group Ltd (NYSE:CZOO) ("Cazoo" or "the Company"), the UK's leading online car retailer, which makes buying and selling a car as simple as ordering any other product online, today announces the Company will release its full-year and fourth quarter 2022 results before the U.S. stock market opens on Thursday, March 30, 2023. The Company will host a conference call at 8:00 a.m. Eastern Time that day. Investors and analysts interested in participating in the call are invited to dial 1-877-704-6255, or for international callers, 1-215-268-9947. A webcast of the call will also be available on the investor relations page of the Company's website at https://investors.cazoo.co.uk. About Cazoo
Strong end to FY22 with revised FY23 plan aimed at rapidly improving unit economics and extending cash runway Strong UK Retail unit sales of ~17,750 in Q4, up 100%+ YoY as consumers continue to shift online Q4 UK Revenues of ~£315m and ~£1,245m for FY22 despite significant macroeconomic headwinds Continued UK Retail GPU improvement in Q4 to ~£600, as efficiencies gained across the business Balance sheet remains strong with over £250m of cash & cash equivalents on hand at end FY 2022 New FY23 plan focused on improved unit economics and lower retail volume of 40,000-50,000 units Plan anticipates advancement towards profitability goal without need to raise capital in next 18-24m
UK revenues and retail unit sales up 100% YoY with significant further progress on UK Retail GPU Record UK revenues of £347m in Q3, up 103% YoY driven by very strong UK retail sales growth Record UK Retail unit sales at 18,889, up 100% YoY as the consumer shift to online accelerates UK Retail GPU of £488, up by a further £179 versus Q2, with efficiencies made across the board EU strategic review complete with withdrawal underway and expected to complete by year end Balance sheet remains strong with £308m of cash and >£150m of self-funded inventory on hand Continued progress towards reaching profitability without the need for further external funding Cazoo Group Ltd (NYSE:CZOO)
Berenberg upgraded Cazoo from Sell to Buy and set a new price target of $2.33 from $0.49 previously
Citigroup downgraded Cazoo from Buy to Neutral and set a new price target of $1.50
Goldman initiated coverage of Cazoo with a rating of Neutral and set a new price target of $2.00
JP Morgan initiated coverage of Cazoo with a rating of Neutral
UBS initiated coverage of Cazoo with a rating of Neutral and set a new price target of $2.60
BofA Securities downgraded Cazoo from Buy to Neutral and set a new price target of $3.50 from $6.60 previously
Citigroup initiated coverage of Cazoo with a rating of Buy and set a new price target of $11.80
Trading in the Company's Class A ordinary shares will be suspended immediately.
Shares of Akoustis Technologies, Inc. (NASDAQ:AKTS) fell sharply in today's session following weak quarterly results. Akoustis Technologies posted adjusted loss of 14 cents per share, versus market expectations for a loss of 12 cents per share. Sales came in at $7.510 million missing estimates of $8.553 million, according to data from Benzinga Pro. Akoustis Technologies shares dipped 17.7% to $0.4671 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers GameStop Corp. (NYSE:GME) shares jumped 81.6% to $31.70 amid possible retail investor interest following a social media post by Roaring Kitty. KOSS Corp (NASDAQ:KOSS) rose 49.4% to $4.73 trading a
Gainers GameStop (NYSE:GME) stock rose 31.1% to $22.9 during Monday's pre-market session. The market value of their outstanding shares is at $7.0 billion. Chijet Motor Co (NASDAQ:CJET) shares moved upwards by 19.2% to $0.35. The market value of their outstanding shares is at $57.0 million. Boqii Holding (AMEX:BQ) shares rose 14.25% to $0.4. The company's market cap stands at $1.8 million. Cazoo Gr (NYSE:CZOO) shares increased by 10.37% to $6.5. The company's market cap stands at $31.7 million. Container Store Group (NYSE:TCS) shares increased by 9.89% to $1.0. The company's market cap stands at $51.6 million. MGO Global (NASDAQ:MGOL) stock rose 8.8% to $0.23. The market value of their
Gainers Sweetgreen (NYSE:SG) shares rose 35.7% to $31.98 during Friday's regular session. The company's market cap stands at $3.6 billion. The company's, Q1 earnings came out yesterday. Groupon (NASDAQ:GRPN) stock rose 28.76% to $13.52. The company's market cap stands at $528.5 million. As per the news, the Q1 earnings report came out yesterday. Rent the Runway (NASDAQ:RENT) shares moved upwards by 23.32% to $16.76. The company's market cap stands at $61.5 million. Dixie Gr (NASDAQ:DXYN) stock rose 22.99% to $0.83. The market value of their outstanding shares is at $13.1 million. Visionary Holdings (NASDAQ:GV) shares rose 17.02% to $0.37. The company's market cap stands at $19.2 million
Gainers Cricut (NASDAQ:CRCT) stock rose 39.0% to $7.69 during Wednesday's regular session. The market value of their outstanding shares is at $1.6 billion. As per the news, the Q1 earnings report came out yesterday. Luminar Technologies (NASDAQ:LAZR) shares rose 31.8% to $2.17. The market value of their outstanding shares is at $968.9 million. As per the press release, Q1 earnings came out yesterday. Mullen Automotive (NASDAQ:MULN) stock rose 29.9% to $7.46. The company's market cap stands at $48.8 million. Latham Group (NASDAQ:SWIM) shares moved upwards by 21.07% to $3.62. The company's market cap stands at $417.6 million. As per the press release, Q1 earnings came out yesterday. ARKO