Cazoo (CZOO) Announces Business Realignment Plan
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/13/2026
- Tech stocks power S&P 500 to record high as oil, producer inflation weaken
- Oil falls on weaker demand outlook and higher US stocks
- BofA lifts server CPU TAM to $210bn+ on the rise of AI agents
- Burry doubles down on Nebius short after stock surges 34% on earnings
- JPMorgan gets bullish on Salesforce, says concerns are "overblown"
- After-Hours Movers: CSCO, COHR, HLIT, CBRS, STUB, ENS
- After-Hours Movers: CRWV, NBIS, SMCI, LITE, CAVA, HRB
- After-Hours Movers: P, RIOT, BW, RKLB, HIMS, UPWK
- After-Hours Movers: TEAM, NET, TWLO, DOCS, FROG, DV, TTD, ABNB, DKNG, SG, RKT
- After-Hours Stock Movers: WDC, SNDK, FIG, APP, HUBS, SOUN, DASH, XYZ, Z, FLNC
Cazoo Announces Business Realignment Plan
June 7, 2022 6:30 AM EDTPlan designed to de-risk path to profitability and to extend cash runway beyond year end 2023Â
Cazoo to implement a business realignment plan given current economic climate Plan designed to right-size the business and position Cazoo for profitable growth Focus on improving retail unit economics, reducing costs and maximising liquidity Delivers >£200m savings to budget and sustainable margins over next 18 months Demand remains strong with projected FY22 unit sales & revenue up >100% YoY Strong balance sheet with >£400m of cash and >£200m of self-financed... More