Cazoo (CZOO) Announces Business Realignment Plan
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/12/2026
- US stocks close down as oil spikes 12%, job market weakens
- U.S. nonfarm payroll employment unexpectedly falls in February
- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
- After-hours movers: Marvell, Samsara, GAP, Cooper Cos.
- After-hours movers: Broadcom, StubHub, Cracker Barrel, Grocery Outlet, Veeva Systems and more
- After-hours movers: Moderna, CrowdStrike, Ross Stores, Box and more
- After-hours movers: MongoDB, Credo, SoFi Technologies and more
- After-hours movers: Dell, Block, CoreWeave, Autodesk, MARA and more
Cazoo Announces Business Realignment Plan
June 7, 2022 6:30 AM UTCPlan 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