Cazoo Group (NYSE:CZOO) Shares Gap Up to $0.48

Cazoo Group Ltd (NYSE:CZOOGet Rating)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $0.48, but opened at $0.59. Cazoo Group shares last traded at $1.10, with a volume of 281,546 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CZOO shares. The Goldman Sachs Group started coverage on shares of 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 cut shares of Cazoo Group from a “buy” rating to a “neutral” rating and set a $1.50 price target for the company. in a research report on Wednesday, June 8th. Bank of America cut shares of Cazoo Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $6.60 to $3.50 in a research report on Thursday, April 14th. UBS Group initiated coverage on shares of Cazoo Group in a research report on Wednesday, April 27th. They set a “neutral” rating and a $2.60 price target for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Cazoo Group in a research report on Monday, May 2nd. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Cazoo Group presently has an average rating of “Hold” and an average price target of $2.40.

Cazoo Group Price Performance

The company has a current ratio of 2.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $0.88 and its two-hundred day moving average price is $2.23.

Institutional Trading of Cazoo Group

Large investors have recently added to or reduced their stakes in the business. Eidelman Virant Capital bought a new stake in Cazoo Group during the fourth quarter valued at approximately $84,000. Royal Bank of Canada boosted its position in shares of Cazoo Group by 2,930.8% in the first quarter. Royal Bank of Canada now owns 18,094 shares of the company’s stock worth $50,000 after purchasing an additional 17,497 shares during the period. Handelsbanken Fonder AB bought a new position in shares of Cazoo Group in the fourth quarter worth approximately $122,000. Oribel Capital Management LP boosted its position in shares of Cazoo Group by 37.3% in the fourth quarter. Oribel Capital Management LP now owns 22,909 shares of the company’s stock worth $138,000 after purchasing an additional 6,224 shares during the period. Finally, Public Employees Retirement Association of Colorado bought a new position in shares of Cazoo Group in the fourth quarter worth approximately $154,000. 44.27% of the stock is currently owned by institutional investors.

Cazoo Group Company Profile

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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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