CZOO Stock Recent News

British online car retailer Cazoo Group Ltd (NYSE:CZOO) has warned that it may run out of cash by the second half of 2024 unless it succeeds in raising additional capital. Cazoo sounded the alarm bell in a Monday filing with the US regulators, shortly after the New York-listed group announced a debt restructuring that reduced its debt from $630 million to $200 million.

LONDON & NEW YORK--(BUSINESS WIRE)--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 th.

Motorway, the online car dealership controlled by billionaire entrepreneur Alex Chesterman, saw losses triple in 2022 to £ 43.6 million and outstripped growth in revenues for the year even though these doubled. Staff recruitment, increased marketing spending and building brand awareness generally were all blamed for a surge in costs.

Cazoo (CZOO) enters a restructuring deal, which entails the cancellation of $630 million of convertible notes in exchange for $200 million of new senior secured debt and new equity.

Cazoo Group Ltd. (NYSE:CZOO ) Q2 2023 Earnings Conference Call August 1, 2023 8:00 AM ET Company Participants Anna Gavrilova - IR Paul Whitehead - CEO Paul Woolf - CFO Alexander Chesterman - Founder and Executive Chairman Conference Call Participants Rajat Gupta - JPMorgan Operator Greetings, and welcome to the Cazoo Second Quarter and First Half 2023 Earnings Conference Call.

British online auto marketplace Cazoo said an intense focus on improving unit economics as well as restructuring activities which saw it ditch its other European businesses to concentrate exclusively on the U.K. market, are “starting to bear fruit.

Cazoo is enjoying record revenue but feeling the sting of shedding its European auto business. The struggling U.K. used car company on Thursday (March 30) announced full-year earnings that showed it took a 704 million pound loss ($872 million), a 30% increase from last year and the latest sign of the struggle facing the used car sector.

Cazoo Group Ltd (NYSE:CZOO ) Q4 2022 Earnings Conference Call March 30, 2023 8:00 AM ET Company Participants Anna Gavrilova - Head, Investor Relations Alex Chesterman - Founder and CEO Paul Whitehead - Chief Operating Officer Paul Woolf - Chief Financial Officer Conference Call Participants Catherine O'Neill - Citi Operator Hello. And welcome to the Cazoo Fourth Quarter and Fiscal Year 2022 Earnings Call and Webcast.

Viking Global Investors LP, the firm founded by Andreas Halvorsen (Trades, Portfolio), disclosed in regulatory filings that it entered a new holding in Cazoo Group Ltd. ( CZOO , Financial) in February according to GuruFocus Real-Time Picks, a Premium feature.

British auto marketplace Cazoo is selling its German subscription business two years after buying it.  The decision, announced in a Friday (Feb.