Cazoo calls in administrators as it crashes into insolvency [Yahoo! Finance]
![Yahoo! Finance](../../../Content/images/providers/Yahoo! Finance.png)
Cazoo Group Ltd Class A Ordinary Shares (CZOO)
Company Research
Source: Yahoo! Finance
The online used car business, which was founded by former Zoopla boss Alex Chesterman, on Tuesday confirmed the appointment of Teneo. It comes less than two weeks after Cazoo filed notice to appoint administrators , giving it temporary protection from creditors. The collapse marks a bitter end for Cazoo, which was once a darling of the British tech sector and was valued at more than $8bn (£6.3bn) after floating on the New York Stock Exchange in 2021. The heavily loss-making business came under pressure from rising interest rates and growing competition from rivals who copied its online sales model. More recently, it has been hit by a collapse in the value of used cars and fears that demand for electric vehicles has stalled In March, Cazoo abandoned its strategy of owning all its used car stock and switched to a marketplace model, similar to Autotrader. Mr Chesterman also stepped down as chief executive last year, but stayed on as executive chairman. Matt Mawhinney, join
Show less
Read more
Impact Snapshot
Event Time:
CZOO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CZOO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CZOO alerts
High impacting Cazoo Group Ltd Class A Ordinary Shares news events
Weekly update
A roundup of the hottest topics
CZOO
News
- UK online car retailer Cazoo enters administration [Yahoo! Finance]Yahoo! Finance
- Administrator Appointed As Used Auto Site Cazoo Fails NYSE Compliance [Forbes]Forbes
- Online car retailer Cazoo files for administration in UK [Yahoo! Finance]Yahoo! Finance
- UK online car retailer Cazoo files for administration [Yahoo! Finance]Yahoo! Finance
- Used car retailer Cazoo files for administration in U.K., board recommends winding up [Seeking Alpha]Seeking Alpha
CZOO
Sec Filings
- 5/21/24 - Form 6-K
- 5/1/24 - Form 424B3
- 5/1/24 - Form 6-K
- CZOO's page on the SEC website