Cazoo Group Ltd (NYSE: CZOO) stock fell -1.65% on Tuesday to $0.21 against a previous-day closing price of $0.21. With 1.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.4 million shares. During the session, the Auto & Truck Dealerships company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.2300 whereas the lowest price it dropped to was $0.2000. The 52-week range on CZOO shows that it touched its highest point at $4.93 and its lowest point at $0.13 during that stretch.
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 down-trending over the past week, with a drop of -30.64%, but this was up by 25.38% over a month. Three-month performance dropped to -33.57% while six-month performance fell -55.42%. The stock lost -94.99% in the past year, while it has gained 32.65% so far this year. A look at the trailing 12-month EPS for CZOO yields -1.12 with Next year EPS estimates of -0.30.
Float and Shares Shorts:
At present, 759.45 million CZOO shares are outstanding with a float of 519.18 million shares on hand for trading. On Dec 29, 2022, short shares totaled 9.65 million, which was 1.26% higher than short shares on Nov 29, 2022. In addition to Mr. Alexander Edward Chesterman O.B.E., OBE as the firm’s Founder, Chairman & CEO, Mr. Paul Woolf serves as its CFO & Director.
Through their ownership of 39.11% of CZOO’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.99% of CZOO, in contrast to 23.90% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in CZOO with 6.14% of the stake, Greenvale Capital LLP holds 46,829,640 shares worth 46,829,640. A second-largest stockholder of CZOO, D1 Capital Partners LP, holds 36,826,525 shares, controlling over 4.83% of the firm’s shares. MIC Capital Management UK LLP is the third largest shareholder in CZOO, holding 30,197,618 shares or 3.96% stake. With a 1.63% stake in CZOO, the Fidelity Advisor Series I -Growth is the largest stakeholder. A total of 12,453,403 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 1.76 million. Finsbury Growth & Income Trust Pl holds 0.48% of the stake in CZOO, owning 3,640,108 shares worth 0.57 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $1.05B while operating income stood at -$609.04M. EBITDA for the full year was -$630.88M.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CZOO since 5 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 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 $0.30 and a low target of $0.30, the average target price over the next 12 months is $0.30. Based on these targets, CZOO could surge 42.86% to reach the target high and rise by 42.86% to reach the target low. Reaching the average price target will result in a growth of 42.86% 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 02/28/2024. Analysts have provided yearly estimates in a range of -$0.49 being high and -$0.83 being low. For CZOO, this leads to a yearly average estimate of -$0.60. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Cazoo Group Ltd surprised analysts by $0.03 when it reported -$0.11 EPS against a consensus estimate of -$0.14. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.19 and the low estimate is -$0.34. The average estimate for the next quarter is thus -$0.27.