There are tentative signs Cazoo is heading for profitability as the online car retailer said it was taking a more targeted approach to buying and selling vehicles amid a drop in revenues.
Record Retail GPU of £980 in Q1 2023 (over £1,200 in March) Business restructuring complete Strong cash position Record Retail GPU of £980 in Q1, up 690% YoY, ahead of expectations Achieved
Used car retailer Cazoo reported a 690% year-on-year growth of gross profit per unit and overall gross profits up 367% to £14 million in Q1 as its CEO asserted that its sweeping restructure was starting to “bear fruit”.