Goldman initiated coverage on Cazoo with a new price target
$CZOO
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
Goldman initiated coverage of Cazoo with a rating of Neutral and set a new price target of $2.00
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| 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 |
6-K - Cazoo Group Ltd (0001859639) (Filer)
25-NSE - Cazoo Group Ltd (0001859639) (Subject)
6-K - Cazoo Group Ltd (0001859639) (Filer)
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
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
SC 13D/A - Cazoo Group Ltd (0001859639) (Subject)
SC 13G/A - Cazoo Group Ltd (0001859639) (Subject)
SC 13D/A - Cazoo Group Ltd (0001859639) (Subject)
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