LONDON & NEW YORK, May 12, 2022--Cazoo (NYSE: CZOO), Europe’s leading online car retailer, which makes buying and selling a car as simple and seamless as ordering any other product online, today announced that it has now launched its service in Spain, delivering better selection, value, transparency, convenience and peace of mind to Spanish consumers when buying their next car.
LONDON & NEW YORK, May 05, 2022--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 that it has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021 with the Securities and Exchange Commission on 5 May, 2022.
Online used car retailer Cazoo has seen its quarterly revenues top £250 million for the first time as it faced off challenging market conditions and a decline in consumer spending. The UK start-up, founded by serial entrepreneur Alex Chesterman, sold 19,700 cars in the first quarter of 2022, more than double what it did this time last year. Despite the rise in sales, Cazoo’s profit per car sold shrank to £124 in the first quarter and its overall gross profit margin slid to 0.5%.