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CZOO / Cazoo Reports $872 Million Loss After Closing EU Car Operations

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 (March 30) announced full-year earnings that showed it took a 704 million pound loss ($872 million), a 30% increase from last year and the latest sign of the struggle facing the used car sector. Read More
Posted: Mar 30 2023, 16:10
Author Name: PYMNTS
Views: 112526

CZOO News  

Motorway losses climb as marketing costs rack up

By Proactive Investors
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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 more_horizontal

Cazoo (CZOO) Seeks Financial Revival Via Debt Restructuring

By Zacks Investment Research
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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 more_horizontal

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

By Seeking Alpha
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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 more_horizontal

Cazoo Restructuring Bears Financial Fruit Amid Struggling Global Used Car Market

By PYMNTS
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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 more_horizontal

Cazoo Reports $872 Million Loss After Closing EU Car Operations

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 more_horizontal

Andreas Halvorsen's Firm Drives Into Cazoo Group

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 more_horizontal

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

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. more_horizontal

Cazoo Group Ltd (CZOO) Q4 2022 Earnings Call Transcript

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 more_horizontal


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