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Aug 10 2023, 07:00 IST/BST
Cazoo Group
Forecast update
- Companies : Cazoo Group
DAVY VIEW
At a time of cheap cash, Cazoo Group (CZOO) disrupted the used car market, dragging it towards digitisation. Higher interest rates saw CZOO leave Europe and swap growth for efficiency to stretch its cash as far as possible. The refocus has been impressive, with gross profit per unit (GPU) growing 317% year-on-year (yoy) to £1,290 in Q223, but it provides time for traditional dealers to catch up and digitise using Auto Trader’s (AUTO) digital retailing products.
