Cazoo Group Ltd (CZOO)
Pre-Market:
| Previous Close | 11.10 |
| Open | 12.51 |
| Bid | 10.95 x 900 |
| Ask | 0.00 x 4000 |
| Day's Range | 10.11 - 13.22 |
| 52 Week Range | 2.11 - 193.00 |
| Volume | |
| Avg. Volume | 1,841,612 |
| Market Cap | 53.556M |
| Beta (5Y Monthly) | 2.41 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- The Telegraph
Used car retailer Cazoo seeks cash lifeline to escape insolvency
The troubled used car supermarket Cazoo is scrambling for a lifeline as it sinks further into a funding crisis.
- Reuters
British car retailer Cazoo flags limited liquidity
Cazoo had cash and cash equivalents of 194.6 million pounds ($246.11 million) as of June 30, and expects to end the year with cash between 100 million pounds and 115 million pounds. The warning comes less than two weeks after Cazoo said it completed its debt restructuring and other related transactions that helped reduce debt from $630 million to $200 million, prior to which it also announced a reverse stock split to help raise capital. Cazoo in August raised substantial doubt about its ability to continue as a going concern, struggling with persistent inventory problems amid a tough economic backdrop across its UK and global markets.
- The Telegraph
Cazoo founder suffers share price wipeout as lenders seize control
Alex Chesterman, the founder of Cazoo, will have his shareholding in the company almost wiped out as bondholders take control of the loss-making online car seller.
