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CZOO / Cazoo chief to step down after more car crash earnings

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. Read More

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Posted: Jan 18 2023, 11:29

Author Name: Proactive Investors

CZOO News

By Proactive Investors
October 4, 2023

Motorway losses climb as marketing costs rack up

Motorway, the online car dealership controlled by billionaire entrepreneur Alex Chesterman, saw losses triple in 2022 to £ 43.6 million and outstripp

By Zacks Investment Research
September 21, 2023

Cazoo (CZOO) Seeks Financial Revival Via Debt Restructuring

Cazoo (CZOO) enters a restructuring deal, which entails the cancellation of $630 million of convertible notes in exchange for $200 million of new seni

By Seeking Alpha
August 1, 2023

Cazoo Group Ltd. (CZOO) Q2 2023 Earnings Call Transcript

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

By PYMNTS
April 27, 2023

Cazoo Restructuring Bears Financial Fruit Amid Struggling Global Used Car Market

British online auto marketplace Cazoo said an intense focus on improving unit economics as well as restructuring activities which saw it ditch its oth

By PYMNTS
March 30, 2023

Cazoo Reports $872 Million Loss After Closing EU Car Operations

Cazoo is enjoying record revenue but feeling the sting of shedding its European auto business. The struggling U.K. used car company on Thursday (Marc

By GuruFocus
March 3, 2023

Andreas Halvorsen's Firm Drives Into Cazoo Group

Viking Global Investors LP, the firm founded by Andreas Halvorsen (Trades, Portfolio), disclosed in regulatory filings that it entered a new holding i

By PYMNTS
February 17, 2023

Cazoo Latest Exit Signals Trouble In Europe's Once-Booming Used Car Market

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

By Seeking Alpha
January 23, 2023

Cazoo Group Ltd (CZOO) Q4 2022 Earnings Call Transcript

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 Corpor

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