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There is no obvious reason for the move today.
Shares of Cazoo (NYSE: CZOO ) stock are in the spotlight following a massive purchase by Viking Global's Andreas Halvorsen. The former Tiger Cub founded Viking in 1999 and today manages over $21 billion in 13F securities.
Following a strategic review of its business in mainland Europe, online car seller Cazoo is foreclosing its operations in the European Union in order to focus exclusively on the U.K. market.
The company announced the results of its strategic review.
As Cazoo stock doubles in a day, investors should double-check the data and pay particular attention to the bottom-line results.
Shares of Cazoo (NYSE: CZOO ) soared higher by as much as 200% after the company reported its second quarter and first half of the year results. Cazoo debuted on the public market last August through a special purpose acquisition company (SPAC) merger at more than $9 per share.
Cazoo Group Ltd (NYSE:CZOO ) Q2 2022 Earnings Conference Call August 2, 2022 8:00 AM ET Company Participants Robert Berg - Director of Investor Relations & Corporate Finance Alex Chesterman - Founder & Chief Executive Officer Stephen Morana - Chief Financial Officer Paul Whitehead - Chief Operating Officer Conference Call Participants Rajat Gupta - JPMorgan David Reynolds - Davy Saim Saeed - Berenberg Operator Greetings, and welcome to Cazoo's Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.
The online auto dealership generated record revenue in the second quarter.
LONDON & NEW YORK--(BUSINESS WIRE)--Cazoo Group Ltd (NYSE: CZOO) (“Cazoo” or “the Company”), Europe's leading online car retailer, which makes buying and selling a car as simple as ordering any other product online, today announced the Company will release its second quarter and first half fiscal year 2022 results before the U.S. stock market opens on Tuesday, August 2, 2022. The Company will host a conference call at 8:00 a.m. Eastern Time that day. Investors and analysts interested in partici
Cazoo, which calls itself “Europe's leading online car retailer,” is adding Italy to the list of countries in which it operates. The company announced Wednesday (June 22) that Italian customers can now complete the shopping and buying process online, prompting some observers to refer to it as “the Amazon of the used car market,” per […]