Cazoo
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Car Dealer News 19 Dec
Cazoo could fold through lack of fresh funding
Cash-strapped online car retailer Cazoo Group must urgently secure additional capital before the second half of 2024 if it is to keep afloat.
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Car Dealer News 22 Nov
Cazoo's debt for shares deal gets the go ahead
Cazoo bondholders have agreed to swap the debt they own for shares in the online car dealer.
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Digital Marketing 20 Oct
AutoTrader is most popular online auto brand, Cazoo second, finds Uswitch study
AutoTrader has been ranked the most popular search term within the online automotive marketplace, capturing 66% of all searches over the last 12 months, according to comparison website Uswitch.
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Car Dealer News 22 Sep
Debt restructuring "will do little to fix Cazoo's rickety engine"
The restructuring agreement announced by online car dealer Cazoo this week to “deleverage” its capital structure and further improve its “financial flexibility” won't yet smooth its investors' journey, and stakeholders should "buckle up" according to one expert.
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Car Dealer News 6 Sep
Lloyd bolsters Newcastle presence at former Cazoo dealership site
Lloyd Motor Group has acquired the former Cazoo dealership premises on Scotswood Road, Newcastle
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Car Dealer News 11 Aug
Online car dealer Cazoo still leaves investors awaiting share price growth
Investors in online car dealer Cazoo are still having to wait for share price growth despite its announcement this month that its gross profit on every car sold is almost four times higher than it was achieving during the first half of 2022.
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Used Cars 23 May
Cazoo plan to reduce costs and improve profits “coming together”
Cazoo has said its plan to control costs and improve its margins on used car sales is “coming together” in its latest performance update to the market.
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Car Dealer News 27 Apr
Cazoo restructure ‘starting to bear fruit’ in Q1 financial results
Used car retailer Cazoo reported a 690% year-on-year growth of gross profit per unit and overall gross profits up 367% to £14 million in Q1 as its CEO asserted that its sweeping restructure was starting to “bear fruit”.
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Car Dealer News 31 Mar
Peter Vardy celebrates five-star start to used car sales from former Cazoo site
Peter Vardy has celebrated a five-star start to sales from the newest addition to its Carz used car retail division – the former Cazoo handover centre at Grangemouth.
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Car Dealer News 30 Mar
Cazoo founder 'incredibly proud' of achievements, despite 2022's £704m loss
Cazoo founder Alex Chesterman said he was “incredibly proud of everything the team at Cazoo has achieved” in a financial results statement that revealed the online used car retailer’s £704 million losses for 2022.
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Car Dealer News 17 Mar
Staff air frustration as Cazoo closes used car refurbishment centres
Staff at Cazoo’s former SMH Fleet Solutions (SMH) used car refurbishment centre in Gloucester lamented the loss of the sprawling automotive business as it prepared to close its doors for the last time today.
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Car Dealer News 7 Mar
Cazoo appoints former CarShop CEO Jonathan Dunkley as COO
Cazoo has announced the appointment of former CarShop chief executive Jonathan Dunkley as chief operating officer in a trading update published today (March 7).
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Car Dealer News 7 Mar
Cazoo axes 15 customer centres from website as closures get the go-ahead
Cazoo has removed 15 of its 22 used car handover centres from its website after staff were informed that a series of planned closures would be going ahead.
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Car Dealer News 28 Feb
Arnold Clark grows freehold property portfolio with Cazoo site acquisitions
Arnold Clark has continued to grow a “healthy freehold property portfolio” with the acquisition of two Cazoo vehicle handover sites.
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Car Dealer News 23 Feb
Cazoo sells off Cazana used car valuations business for undisclosed sum
Cazoo has completed the disposal of the used car data insights platform Cazana for an undisclosed sum just over 17 months after acquiring the business for £25 million.
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Car Dealer News 8 Feb
Cazoo merges share capital in bid to boost NYSE trading prices
Cazoo has completed a ‘reverse stock split’ process to merge its share capital in bid to boost trading values on the New York Stock Exchange (NYSE).
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Car Dealer News 19 Jan
Cazoo plans UK site closures and job cuts after European exit
Cazoo plans to close sites and axe jobs in the UK as part of a ‘Revised 2023 plan’ following its 2022 exit from used car markets on the European mainland.
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Car Dealer News 4 Jan
NYSE suspends Cazoo warrants trading and begins de-listing process
The New York Stock Exchange (NYSE) has begun the process of de-listing warrants for online car retailer Cazoo as a result of “abnormally low” price levels.
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Supplier News 11 Nov
Cazoo’s Neil Smith partners with Autofinity
Former Imperial Cars operations director and Cazoo retail operations director, Neil Smith has partnered with Autofinity.