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Cazoo Group's Anticipated Surge in Retail GPU, Strategic Moves; Vipshop Holdings and BM Technologies Beat Estimates

  • May 23rd, 2023
  • 592 views

Cazoo Group Ltd (NYSE: CZOO) is anticipating a significant surge in its Retail Gross Profit Unit (GPU) in the second quarter of 2023, with expectations of surpassing £1,200. This projection marks a substantial increase from the previous record level of £980 achieved in the first quarter of 2023, representing a quarter-on-quarter growth of over 20%. Furthermore, it demonstrates a remarkable year-on-year growth of over 280% compared to £309 in the second quarter of 2022.

In its pursuit of expanding scale and accelerating its path to profitability, Cazoo is actively exploring potential strategic transactions. The company is engaged in discussions with a majority of the holders of its Convertible Notes, aiming to restructure its debt and establish a more robust capital structure. This restructuring plan includes reducing debt, issuing additional equity, and lowering the aggregate interest cost per annum.

$CZOO is trading at $1.24 in pre-market, reflecting a $0.04 increase (+3.33%) prior to the market opening.

Vipshop Holdings Limited (NYSE: VIPS) reported its earnings per share (EPS) for the first quarter of 2023, amounting to $0.46. This figure exceeds the consensus estimate of $0.37, indicating a positive performance for the company.

In pre-market trading, $VIPS is currently valued at $15.00, experiencing a $0.17 increase (+1.15%) ahead of the market opening.

BM Technologies, Inc. (NYSE American: BMTX) released its Q1 2023 financial results, reporting a Core loss of $0.43 per share. This result is better than the consensus estimate, which projected a loss of $0.50 per share.

On Monday, $BMTX closed at $2.90, representing a decrease of $0.03 (-1.34%) compared to the previous trading session.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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