Cazoo Group (NYSE:CZOO) Shares Gap Up to $0.93

Shares of Cazoo Group Ltd (NYSE:CZOOGet Rating) gapped up before the market opened on Wednesday . The stock had previously closed at $0.93, but opened at $0.97. Cazoo Group shares last traded at $1.00, with a volume of 4,680 shares trading hands.

A number of research analysts recently weighed in on CZOO shares. JPMorgan Chase & Co. initiated coverage on shares of Cazoo Group in a research note on Monday, May 2nd. They set a “neutral” rating on the stock. Bank of America downgraded Cazoo Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $6.60 to $3.50 in a research note on Thursday, April 14th. The Goldman Sachs Group assumed coverage on Cazoo Group in a research note on Tuesday, May 24th. They set a “neutral” rating and a $2.00 target price on the stock. Citigroup downgraded Cazoo Group from a “buy” rating to a “neutral” rating and set a $1.50 target price on the stock. in a research note on Wednesday, June 8th. Finally, UBS Group initiated coverage on Cazoo Group in a research note on Wednesday, April 27th. They set a “neutral” rating and a $2.60 target price on the stock. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $2.40.

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.28 and a quick ratio of 0.97. The stock’s fifty day moving average is $1.75 and its 200 day moving average is $3.58.

A number of institutional investors and hedge funds have recently bought and sold shares of CZOO. Willoughby Capital Holdings LLC acquired a new position in Cazoo Group in the third quarter valued at approximately $171,673,000. Marcho Partners LLP increased its stake in Cazoo Group by 2.5% during the first quarter. Marcho Partners LLP now owns 21,290,366 shares of the company’s stock worth $58,761,000 after acquiring an additional 525,000 shares during the last quarter. Artemis Investment Management LLP grew its stake in shares of Cazoo Group by 0.8% in the first quarter. Artemis Investment Management LLP now owns 10,673,415 shares of the company’s stock valued at $29,446,000 after buying an additional 85,750 shares in the last quarter. Pelham Capital Ltd. grew its stake in shares of Cazoo Group by 30.8% in the first quarter. Pelham Capital Ltd. now owns 7,849,724 shares of the company’s stock valued at $21,665,000 after buying an additional 1,849,724 shares in the last quarter. Finally, Spruce House Investment Management LLC boosted its holdings in Cazoo Group by 243.9% in the first quarter. Spruce House Investment Management LLC now owns 6,877,547 shares of the company’s stock valued at $18,982,000 after purchasing an additional 4,877,547 shares during the period. Institutional investors own 44.27% of the company’s stock.

About Cazoo Group (NYSE:CZOO)

Cazoo Group Ltd operates as an online car retailer in the United Kingdom and rest of Europe. It allows consumers to purchase, finance, and subscribe to a car through online for delivery or collection. The company was founded in 2018 and is headquartered in London, the United Kingdom. Cazoo Group Ltd is a subsidiary of Cazoo Holdings Limited.

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