Entering text into the input field will update the search result below

Cazoo Group Ltd (CZOO) CEO Alex Chesterman on Q1 2022 Results - Earnings Call Transcript

May 03, 2022 11:03 AM ETCazoo Group Ltd (CZOO)2 Comments
SA Transcripts profile picture
SA Transcripts

Cazoo Group Ltd (NYSE:CZOO) Q1 2022 Earnings Conference Call May 3, 2022 8:00 AM ET

Company Participants

Alex Chesterman – Founder, Chief Executive Officer

Stephen Morana – Chief Financial Officer

Robert Berg – Director of Investor Relations and Corporate Finance

Conference Call Participants

Rajat Gupta – JPMorgan

Adam Berlin – UBS

Saim Saeed – Berenberg


Greetings and welcome to the Cazoo First Quarter 2022 Earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the call over to Robert Berg, Director of Investor Relations and Corporate Finance. Thank you. You may begin.

Robert Berg

Good morning, everyone. Thank you for joining today's call and webcast to discuss our first quarter 2022 results. You'll be able to find today's press release on our Investor Relations website at investors dot Cazoo, dot co dot UK. We appreciate everyone joining us today. With me on the call is Alex Chesterman, Founder and Chief Executive Officer, Stephen Morana, Chief Financial Officer. Before we get started, I would like to remind you of the company's Safe Harbor language, which I'm sure you're all familiar with. Management may make forward-looking statements, including guidance and underlying assumptions. Forward-looking statements are based on expectations that involve risks and uncertainties that could cause actual results to differ materially. For a further discussion of the risks related to our business, please see the filings of Cazoo Group Limited with the SEC. Now, I will hand over the call to Alex.

Alex Chesterman

Thanks, Rob. Good morning, everyone. And thank you for joining us today. I'd like to start by discussing our Q1 performance, which was a very encouraging quarter in many respects and why we continue to expect strong

Recommended For You

Comments (2)

dlvvlv profile picture
GPUs better climb quickly or the cash burn will require dilution sooner rather than later. No mention (that I picked up on) re: in house financing for buyers. Correct me if I missed it. If not, I wonder why not? Is all financing left to the buyer's ability to secure? If so it seems that it's a lucrative area to pursue, perhaps by partnering with a finance source for a percentage w/o recourse. JMTC
@dlvvlv I am shorting CVNA to the hilt and that is the only reason I do not short this one. It requires higher margin and the borrow fee is around 14%, although down from 45%. Puts are also expensive and have no volume to speak about.

This thing is even worse than CVNA because now the debt and equity markets are closed to them. Once the money is burnt off, it is game over. The only bright spot is that you can never be late for a short. It is a 0, short some and get some free money.

It amazes me people can talk about a company without even looking at their numbers and put a reasonable trajectory. A simple question for you who thought this is a long. If CZOO already spent that much money conquering UK, where are they going to get the money for France and Germany?
To report an error in this transcript, .Contact us to add your company to our coverage or use transcripts in your business. Learn more about Seeking Alpha transcripts here. Your feedback matters to us!

About CZOO

SymbolLast Price% Chg
Market Cap
Yield (TTM)
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on CZOO

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.