Cazoo rises on higher revenue, upbeat forecast

Cazoo

30/03/2023 13:59

** Online car retailer Cazoo Group Ltd  CZOO.N  up 13.3% at
$2.71 premarket  
    ** Reports Q4 revenue of 318 million pounds ($393 million)
vs 229 million pounds reported a year ago
    ** Sees 2023 total unit sales of 50,000-60,000, including
40,000 to 50,000 retail units 
    ** Expects full-year retail gross profit per unit to
approach 1,500 pounds
    ** To achieve significant cost savings in 2023, will aim for
consolidating operations by reducing number of vehicle
preparation and customer centers
    ** As of last close, CZOO fell 23.79% YTD 
    
($1 = 0.8085 pounds)

 (Reporting By Akshita Toshniwal)
 ((Akshita.Toshniwal@thomsonreuters.com))