Cazoo Group Ltd Up 143.18% To $1.20 After Earnings

Cazoo Group Ltd (CZOO) missed earnings projections on 8/2/2022 for Q2 2022.



Revenues were downbeat at $0.00. Keep in mind that the revenues reported were on an adjusted basis, so they may not be directly comparable to estimates and prior periods.

The stock is up 143.18% to $1.20 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

Trading in the five days leading up to the report earned Cazoo Group Ltd a Bearish Sentiment Rank from InvestorsObserver.

Cazoo Group Ltd has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 0, putting Cazoo Group Ltd in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $0.45 on July 26, 2022 and set a 52-week high on November 2, 2021 at $10.13.

Cazoo Group Ltd transforms the car buying experience for consumers across the UK and Europe. It aims to make buying a car an easy experience, where consumers can simply and seamlessly purchase, finance, or subscribe to a car entirely online for either delivery or collection in less time.