Cazoo Group Ltd (NYSE: CZOO) stock fell -1.28% on Friday to $0.96 against a previous-day closing price of $0.97. With 8.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.4 million shares. During the session, the Auto & Truck Dealerships company that operates in wider Consumer Cyclical sector, reached to the highest price of $1.0300 whereas the lowest price it dropped to was $0.9100. The 52-week range on CZOO shows that it touched its highest point at $10.13 and its lowest point at $0.45 during that stretch. It currently has a 1-year price target of $0.94.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CZOO was up-trending over the past week, with a rise of 99.15%, but this was up by 29.05% over a month. Three-month performance dropped to -27.45% while six-month performance fell -76.58%. The stock lost -90.38% in the past year, while it has lost -84.12% so far this year. A look at the trailing 12-month EPS for CZOO yields -1.10 with Next year EPS estimates of -0.36.
Float and Shares Shorts:
At present, 759.45 million CZOO shares are outstanding with a float of 61.04 million shares on hand for trading. On Jul 14, 2022, short shares totaled 12.29 million, which was 1.62% higher than short shares on Jun 14, 2022. In addition to Mr. Alexander Edward Chesterman O.B.E., OBE as the firm’s Founder, Chairman & CEO, Mr. Stephen Gavin Morana serves as its CFO & Director.
Institutional Ownership:
Through their ownership of 40.40% of CZOO’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 19.25% of CZOO, in contrast to 11.02% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in CZOO with 4.84% of the stake, D1 Capital Partners LP holds 36,826,525 shares worth 36,826,525. A second-largest stockholder of CZOO, MIC Capital Management UK LLP, holds 30,197,618 shares, controlling over 3.97% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in CZOO, holding 27,310,015 shares or 3.59% stake. With a 1.83% stake in CZOO, the Fidelity Advisor Series I -Growth is the largest stakeholder. A total of 13,956,603 shares are owned by the mutual fund manager. The LF Lindsell Train UK Equity Fund, which owns about 1.47% of CZOO stock, is the second-largest Mutual Fund holder. It holds 11,193,303 shares valued at 8.06 million. Fidelity Contrafund holds 0.94% of the stake in CZOO, owning 7,171,329 shares worth 5.16 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CZOO since 7 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CZOO analysts setting a high price target of $1.30 and a low target of $0.49, the average target price over the next 12 months is $0.90. Based on these targets, CZOO could surge 35.42% to reach the target high and fall by -48.96% to reach the target low. Reaching the average price target will result in a decline of -6.25% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CZOO will report FY 2022 earnings on 04/06/2023. Analysts have provided yearly estimates in a range of -$0.51 being high and -$0.74 being low. For CZOO, this leads to a yearly average estimate of -$0.58. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Cazoo Group Ltd surprised analysts by -$0.01 when it reported -$0.17 EPS against a consensus estimate of -$0.15. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is -$0.08 and the low estimate is -$0.18. The average estimate for the next quarter is thus -$0.13.
