Cazoo 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. https://www.cazoo.co.uk/ has 3 million monthly visitors, and lists 100-150 cars on their page.
$CZOO stock declined 97% YoY with a market cap of only 75 million dollars. Cazoo’s revenue is about 1,3 billion dollars and its balance sheet has more than 250 million pounds (307 million dollars).
CZOO stock has many short sellers. The short borrow fee rate is pretty high, between 40 and 60%. Around 910 000 shares have been shorted, with an average daily volume of 125 000 shares.
Earnings report is coming in 2 days (March 30th), the numbers, growth and balance sheet will be strong, we can reach the 5-10$ range in days.
Positons: 30 526 shares at 1.89$
- Strong UK Retail unit sales of ~17,750 in Q4, up 100%+ YoY as consumers continue to shift online
- Q4 UK Revenues of ~£315m and ~£1,245m for FY22 despite significant macroeconomic headwinds
- Continued UK Retail GPU improvement in Q4 to ~£600, as efficiencies gained across the business
- Balance sheet remains strong with over £250m of cash & cash equivalents on hand at end FY 2022
- New FY23 plan focused on improved unit economics and lower retail volume of 40,000-50,000 units
- Plan anticipates advancement towards profitability goal without need to raise capital in next 18-24m
- January & February retail GPU tracking at ~£900, up from ~£600 during Q4 2022
- Cash reserves remain strong with £225m+ cash/cash equivalents at end February
- Rightsizing of headcount and operations on target to complete before end of March
- Appointment of Jonathan Dunkley as Chief Operating Officer from end of March
TL/DR: $CZOO shares will rocket in 2 days, the ER will be really strong
[link] [comments] https://www.reddit.com/r/stocks/comments/124iyvh/huge_buying_opportunity_czoo/
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