Market Capitalization (Millions $) |
1 |
Shares
Outstanding (Millions) |
1 |
Employees |
1,800 |
Revenues (TTM) (Millions $) |
1,249 |
Net Income (TTM) (Millions $) |
-704 |
Cash Flow (TTM) (Millions $) |
193 |
Capital Exp. (TTM) (Millions $) |
34 |
Cazoo Group Ltd
Cazoo Group Ltd is an online car retail company founded by entrepreneur Alex Chesterman in 2018, with its headquarters in London, United Kingdom. The company aims to simplify the process of buying and selling cars by making the entire transaction process online. Cazoo aims to be the only destination for anyone buying, selling, or owning a car.
Cazoo's primary focus is on pre-owned cars, offering a wide range of options for its customers. They inspect and recondition all their vehicles to ensure quality standards are met. The company also provides a 7-day money-back guarantee and free delivery to anywhere in the United Kingdom, with the option to test drive the car before committing to the purchase.
Apart from pre-owned cars, Cazoo also offers financing options for their customers. They have partnered with several lenders to provide different financing options as per the customer's requirement. The company also offers a part-exchange option, where customers can exchange their existing vehicle for a Cazoo car.
In addition to their retail services, Cazoo also offers a 'Cazoo Car Subscription' service that allows customers to subscribe to a monthly or yearly plan to use a car without having to worry about maintenance, insurance, or road tax. This service provides a hassle-free experience to customers who may not wish to commit to owning a car.
The company's business model has been successful, and Cazoo has grown rapidly since its launch. The company recently announced a planned merger with SPAC (special purpose acquisition company), Acquisition Corp. I, in a deal estimated to value the company at around $7 billion. The merger is expected to provide Cazoo with the necessary capital that it requires to expand across Europe.
Moreover, Cazoo is committed to its social responsibility and its carbon footprint. It provides eco-friendly electric or hybrid vehicles options for customers who prefer low-emission cars. It also partners with several charities to support and help promote charitable causes.
In conclusion, Cazoo Group Ltd is a rapidly growing online car retail company that simplifies the process of buying and selling cars. Its commitment to its customers and social responsibility is commendable, and its efforts to expand across Europe are sure to make it a significant player in the online car retail market.
Company Address: 41 Chalton Street London 0
Company Phone Number: 20 3901 3488 Stock Exchange / Ticker: NYSE CZOO
CZOO is expected to report next financial results on March 29, 2024. |
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