A share price of Cazoo Group Ltd [CZOO] is currently trading at $12.00, down -4.46%. An important factor to consider is whether the stock is rising or falling in short-term value. The CZOO shares have gain 155.32% over the last week, with a monthly amount glided 182.35%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, Cazoo Announces Transition to Pure-Play Automotive Marketplace Business Model. In a post published today on Yahoo Finance, Cazoo Group Ltd (NYSE: CZOO) (“Cazoo” or “the Company”), the UK online used car platform which makes buying and selling a car as simple as ordering any other product online, announces its intention to transition to a marketplace business model, leveraging the strength of the Cazoo brand and the market-leading ecommerce platform it has built in online automotive retailing for the benefit of the 13,000 car dealers operating in the UK’s highly fragmented used car market.
From an analyst’s perspective:
Cazoo Group Ltd [NYSE: CZOO] stock has seen the most recent analyst activity on August 10, 2022, when Berenberg upgraded its rating to a Buy and also boosted its price target to $2.33 from $0.49. Previously, Citigroup downgraded its rating to Neutral on June 08, 2022, and kept the price target unchanged to $1.50. On May 25, 2022, Goldman initiated with a Neutral rating and assigned a price target of $2 on the stock. JP Morgan started tracking the stock assigning a Neutral rating. UBS initiated its recommendation with a Neutral and recommended $2.60 as its price target on April 27, 2022. BofA Securities downgraded its rating to Neutral for this stock on April 14, 2022, and downed its price target to $3.50.
Cazoo Group Ltd experienced fluctuations in its stock price throughout the past year between $2.11 and $295.00. Currently, Wall Street analysts expect the stock to reach $0.09825 within the next 12 months. Cazoo Group Ltd [NYSE: CZOO] shares were valued at $12.00 at the most recent close of the market. An investor can expect a potential drop of -99.18% based on the average CZOO price forecast.
Analyzing the CZOO fundamentals
Trailing Twelve Months sales for Cazoo Group Ltd [NYSE:CZOO] were 1.25B which represents -25.79% decline. Gross Profit Margin for this corporation currently stands at -0.4% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at -0.04%. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.88.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.08 points at the first support level, and at 6.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.46, and for the 2nd resistance point, it is at 22.92.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cazoo Group Ltd [NYSE:CZOO] is 16.95. On the other hand, the Quick Ratio is 10.26, and the Cash Ratio is 1.16. Considering the valuation of this stock, the price to sales ratio is 0.05.
