Cazoo Group Ltd Stock Price, News & Analysis

Cazoo Group Ltd (NYSE: CZOO) is set to release its fourth quarter and fiscal year 2021 results on April 7, 2022, prior to the U.S. stock market opening. A conference call will occur at 8:00 a.m. ET. Additionally, the first quarter fiscal year 2022 results will be announced on May 3, 2022, also before market opening, with a similar conference call scheduled. Cazoo aims to simplify the car buying and selling process across Europe, providing a seamless online experience.

Cazoo (NYSE: CZOO) has announced a $630 million investment led by Viking Global Investors through 2.00% Convertible Notes. This funding supports Cazoo's growth in the UK and expansion into EU markets. The company achieved a record revenue of over £665 million in 2021, a 300% increase year-on-year, selling approximately 49,500 units. With this financing, Cazoo aims to leverage its well-positioned platform and capture a £475 billion market opportunity, reinforcing its confidence for future growth and market share gains.

Cazoo (NYSE: CZOO) announces its agreement to acquire brumbrum, Italy’s leading online car retailer, for €80 million in cash and shares. This acquisition aims to accelerate Cazoo's entry into the Italian used car market, enhancing its presence in Europe's top five markets. Brumbrum operates a vehicle preparation site capable of refurbishing 15,000 cars annually and offers a wide selection of cars for sale or subscription. The integration is expected to boost Cazoo's brand and local expertise in Italy, where the used car market ranks fourth in Europe.

Cazoo has expanded its operations into France and Germany, following a successful launch in the UK two years ago. The company has sold over 45,000 cars online in the UK. With a team of over 3,800 across multiple countries, Cazoo aims to provide a seamless online car buying experience, including delivery and a 7-day return policy. This expansion is part of Cazoo's strategy to enhance its inventory and introduce new features, further establishing itself as a leader in the online car retail market in Europe.

Cazoo Group Ltd (NYSE: CZOO), Europe's top online car retailer, will participate in two upcoming virtual investor conferences:

• UBS Online Marketplaces Virtual Investor Day on November 23, 2021, at 6:00 AM ET.
• 5th Annual Wells Fargo TMT Summit on November 30, 2021, at 8:00 AM ET.

Both presentations will be webcast live and available for archive on the company's investor relations page. Cazoo aims to streamline the car buying and selling process across the UK and Europe.

Cazoo has successfully acquired Swipcar, a leading digital car subscription marketplace in Spain, for €30 million, utilizing a mix of cash and Cazoo shares. This strategic acquisition aims to expedite Cazoo's market entry into Spain and Italy, enhancing their service offerings to include an all-inclusive car subscription model. With a team of about 100 staff and strong commercial ties to OEMs, Swipcar's integration is expected to significantly boost Cazoo's growth trajectory in Southern Europe, while its impact on Cazoo's FY2021 operating results is projected to be negligible.

Cazoo Group Limited (NYSE: CZOO) reported a remarkable 267% year-over-year revenue growth for Q3 2021, reaching £174.4 million. The total vehicles sold surged by 209% to 13,074, with retail sales increasing 207%. Notably, retail gross profit per unit significantly improved to £801, up £1,003 YoY. The gross profit stood at £11.8 million, marking an increase from a loss in the prior year. Cazoo also completed its business combination with AJAX, raising $836 million to fuel growth, while strategic acquisitions aimed to enhance operational capabilities.

Cazoo (NYSE: CZOO) has announced its agreement to acquire Vans365, an independent UK online commercial vehicle retailer, for £6.5 million in cash. The acquisition aims to enhance Cazoo’s market position in the commercial vehicle sector, which has an annual worth of £16 billion. In 2021, Vans365 reported revenues of approximately £14 million with an EBITDA margin of around 9%. The acquisition is subject to FCA approval and is expected to have a negligible impact on Cazoo's financial results for FY2021.

Cazoo Group Ltd (NYSE: CZOO) is set to release its third quarter fiscal 2021 results before the U.S. stock market opens on October 26, 2021. The Company will also host a conference call at 8:00 a.m. Eastern Time on the same day, providing investors and analysts the opportunity to discuss the results. Cazoo aims to simplify the car buying and selling process across the UK and Europe. This press release includes forward-looking statements that are subject to risks and uncertainties that could affect actual results.