Cazoo Announces Transition to Pure-Play Automotive Marketplace Business Model [Yahoo! Finance]
Cazoo Group Ltd Class A Ordinary Shares (CZOO)
Company Research
Source: Yahoo! Finance
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. On December 6, 2023 Cazoo completed a series of transactions to restructure its capital structure and a new Board of Directors (the "Board") was appointed. Since their appointment, the members of the Cazoo Board have reviewed the strategic options for the Company and believe that a pivot to a pure-play marketplace business model is the best direction for Cazoo and all its stakeholders. This will leverage our key advantages: our brand, which is recognisable and trusted nationwide, and our technology platform, which provides a market leading customer experience, and which will build on the demand from customers an
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- Online Car Buying Market is Poised to Accelerate at CAGR of 12.58% to Reach USD 885.1 Billion By 2032: Astute Analytica [Yahoo! Finance]Yahoo! Finance
- Cazoo announces transition to pure-play automotive marketplace business model [Seeking Alpha]Seeking Alpha
- Cazoo Announces Transition to Pure-Play Automotive Marketplace Business ModelBusiness Wire
- 'We definitely are eyeing the public markets': eToro CEO considers IPO after scrapped SPAC deal [MSNBC.com]MSNBC.com
CZOO
Sec Filings
- 3/6/24 - Form 424B3
- 3/6/24 - Form 6-K
- 3/1/24 - Form 424B3
- CZOO's page on the SEC website