Cazoo Group Ltd (NYSE:CZOO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Cazoo Group Ltd (NYSE:CZOOGet Rating) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $2.07.

CZOO has been the topic of a number of recent research reports. The Goldman Sachs Group initiated 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. JPMorgan Chase & Co. assumed coverage on Cazoo Group in a report on Monday, May 2nd. They issued a “neutral” rating for the company. Berenberg Bank raised Cazoo Group from a “sell” rating to a “buy” rating and upped their price target for the company from $0.49 to $2.33 in a report on Wednesday, August 10th. Citigroup downgraded Cazoo Group from a “buy” rating to a “neutral” rating and set a $1.50 price target for the company. in a report on Wednesday, June 8th. Finally, UBS Group lowered their price target on Cazoo Group from $1.60 to $1.00 and set a “neutral” rating for the company in a report on Thursday, August 4th.

Institutional Investors Weigh In On Cazoo Group

Several large investors have recently modified their holdings of the company. TIG Advisors LLC boosted its holdings in shares of Cazoo Group by 1,555.9% in the second quarter. TIG Advisors LLC now owns 1,986,722 shares of the company’s stock valued at $1,430,000 after acquiring an additional 1,866,745 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Cazoo Group in the second quarter valued at $47,000. Renaissance Technologies LLC increased its position in Cazoo Group by 19.8% during the 2nd quarter. Renaissance Technologies LLC now owns 554,330 shares of the company’s stock worth $399,000 after purchasing an additional 91,530 shares in the last quarter. FMR LLC increased its position in Cazoo Group by 11.9% during the 2nd quarter. FMR LLC now owns 30,561,692 shares of the company’s stock worth $22,004,000 after purchasing an additional 3,251,677 shares in the last quarter. Finally, UBS Group AG boosted its stake in Cazoo Group by 10,761.1% in the 2nd quarter. UBS Group AG now owns 1,364,266 shares of the company’s stock worth $982,000 after buying an additional 1,351,705 shares during the last quarter. 44.27% of the stock is owned by institutional investors and hedge funds.

Cazoo Group Stock Down 3.7 %

CZOO stock opened at $0.70 on Friday. The company’s 50 day moving average price is $0.79 and its 200 day moving average price is $1.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.81 and a current ratio of 3.49. Cazoo Group has a fifty-two week low of $0.45 and a fifty-two week high of $10.13.

Cazoo Group Company Profile

(Get Rating)

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.

Further Reading

Analyst Recommendations for Cazoo Group (NYSE:CZOO)

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