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Tuesday was a volatile trading session following comments from Federal Reserve Chair Jerome Powell. The market responded by ripping up and down and ultimately settling notably higher.
Cazoo Group Lid. (NYSE:CZOO ) Q4 2022 Results Conference Call January 18, 2023 8:00 AM ET Company Participants Robert Berg - Director of IR and Corporate Finance Alex Chesterman - Founder, Chairman and CEO Paul Woolf - CFO Paul Whitehead - COO Conference Call Participants Rajat Gupta - JPMorgan Adam Berlin - UBS Operator Greetings, and welcome to the Cazoo Fourth Quarter 2022 Preliminary Financial Results and Revised 2023 Plan.
Cazoo has revealed plans to shake up its U.K. business. In a Wednesday (Jan. 18) earnings statement, the online auto seller announced a revised strategic plan for 2023 as it reassesses its business model and adapts to current market conditions.
Online car retailer Cazoo Group Ltd (NYSE:CZOO) share price skyrocketed and then plummeted on the news that co-founder and chief executive Alex Chesterman will step down amid falling full-year sales and plans to cut staff. Its shares were up some 9.3% as the New York market opened, but later fell some 15% as it forecast car sales to fall to between 40,000 and 50,000 units in 2023, down as much 38.5% from the 65,000 sold in 2022.
Online car-buying platform Cazoo has sold its Spanish subscription business. In a Thursday (Dec. 15) press release, the U.K.-based online auto seller announced that it has sold Swipcar to Renting Finders.
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Fintel reports that Alex Chesterman has filed a 13D/A form with the SEC disclosing ownership of 186,496,856 shares of Cazoo Group Ltd (CZOO).
The stock price of Cazoo Group (CZOO) increased by 2.81% in the most recent trading session. This is why.
Cazoo is a fast-growing and founder-led business. The company's current valuation is cheap.
Cazoo Group Ltd (NYSE:CZOO ) Q3 2022 Results Conference Call October 27, 2022 8:00 AM ET Company Participants Robert Berg - Director of IR and Corporate Finance Alex Chesterman - Founder, Chairman and CEO Stephen Morana - CFO and Director Conference Call Participants Rajat Gupta - JPMorgan Adam Berlin - UBS Sam Saeed - Berenberg Catherine O'Neill - Citi Operator Greetings, everyone. Welcome to Cazoo's Third Quarter Fiscal Year 2022 Earnings Call.