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Cazoo to Announce Full-Year and Fourth Quarter 2022 Results on March 30, 2023
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Rhea-AI Summary
Cazoo Group Ltd (NYSE: CZOO), the UK's leading online car retailer, announced that it will release its full-year and fourth quarter 2022 results on March 30, 2023, before US stock market opens. A conference call will take place at 8:00 a.m. Eastern Time on the same day. Investors can participate via a dedicated phone line or through a webcast on the company's investor relations page.
The firm aims to simplify car buying and selling, providing a seamless online experience. Founded in 2018, Cazoo is committed to transparency and convenience, allowing transactions entirely online within 72 hours.
Positive
Scheduled release of full-year and Q4 2022 results may enhance investor transparency.
The conference call is an opportunity for direct communication with investors.
Negative
None.
LONDON & NEW YORK--(BUSINESS WIRE)--
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.
Our mission is to transform the car buying and selling experience across the UK by providing better selection, value, transparency, convenience and peace of mind. Our aim is to make buying or selling a car no different to ordering any other product online, where consumers can simply and seamlessly buy, sell or finance a car entirely online for delivery or collection in as little as 72 hours. Cazoo was founded in 2018 by serial entrepreneur Alex Chesterman OBE and is a publicly traded company (NYSE: CZOO).
Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of Cazoo may differ from its actual results and, consequently, you should not rely on forward-looking statements as predictions of future events. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (1) the implementation of and expected benefits from our business realignment plan, the winddown of operations in mainland Europe, the revised 2023 plan, and other cost-saving initiatives; (2) realizing the benefits expected from the business combination (the “Business Combination”) with Ajax I; (3) reaching and maintaining profitability in the future; (4) global inflation and cost increases for labor, fuel, materials and services; (5) geopolitical and macroeconomic conditions and their impact on prices for goods and services and on consumer discretionary spending; (6) having access to suitable and sufficient vehicle inventory for resale to customers and reconditioning and selling inventory expeditiously and efficiently; (7) availability of credit for vehicle and other financing and the affordability of interest rates; (8) increasing Cazoo’s service offerings and price optimization; (9) effectively promoting Cazoo’s brand and increasing brand awareness; (10) expanding Cazoo’s product offerings and introducing additional products and services; (11) enhancing future operating and financial results; (12) achieving our long-term growth goals; (13) acquiring and integrating other companies; (14) acquiring and protecting intellectual property; (15) attracting, training and retaining key personnel; (16) complying with laws and regulations applicable to Cazoo’s business; (17) successfully deploying the proceeds from the Business Combination and the issuance of $630 million of convertible notes to an investor group led by Viking Global Investors; and (18) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Forward-Looking Statements” in the Reports on Form 6-K filed with the U.S. Securities and Exchange Commission (the “SEC”) by Cazoo Group Ltd on June 9, 2022 and September 8, 2022 and in subsequent filings with the SEC. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the disclosure included in other documents filed by Cazoo from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cazoo assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Cazoo gives no assurance that it will achieve its expectations.
When will Cazoo release its full-year financial results?
Cazoo will release its full-year and fourth quarter 2022 results on March 30, 2023.
What time is the Cazoo conference call scheduled for?
The Cazoo conference call is scheduled for 8:00 a.m. Eastern Time on March 30, 2023.
How can investors access the Cazoo conference call?
Investors can access the conference call by dialing 1-877-704-6255 for domestic calls or 1-215-268-9947 for international calls. A webcast will also be available on Cazoo's investor relations page.
What is the mission of Cazoo?
Cazoo aims to transform the car buying and selling experience in the UK, offering better selection, value, transparency, and convenience through an online platform.
