{"id":751880,"date":"2023-04-27T06:34:19","date_gmt":"2023-04-27T10:34:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/"},"modified":"2023-04-27T06:34:19","modified_gmt":"2023-04-27T10:34:19","slug":"cazoo-announces-first-quarter-2023-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/","title":{"rendered":"Cazoo Announces First Quarter 2023 Financial Results"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistcircle { list-style-type: circle }\n.bwlistdisc { list-style-type: disc }\n.bwpadl0 { padding-left: 0px }\n.bwpadl1 { padding-left: 5px }\n.bwpadl7 { padding-left: 35px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignm { vertical-align: middle }\n.bwvertalignt { vertical-align: top }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Cazoo Announces First Quarter 2023 Financial Results<\/b><\/p>\n<p class=\"bwalignc\"><b><i>Record Retail GPU of \u00a3980 in Q1 2023 (over \u00a31,200 in March)<br \/>\n<br \/><\/i><\/b><b><i>Business restructuring complete<br \/>\n<br \/><\/i><\/b><b><i>Strong cash position<\/i><\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Record Retail GPU of \u00a3980 in Q1, up 690% YoY, ahead of expectations<\/b><\/li>\n<li><b>Achieved new record level of Retail GPU of over \u00a31,200 in March<\/b><\/li>\n<li><b>Q1 2023 revenue and retail unit sales in line with expectations<\/b><\/li>\n<li><b>Gross profit of \u00a314 million in Q1, up 367% YoY, with improved margins<\/b><\/li>\n<li><b>Strong cash position with over \u00a3215 million as at the end of Q1 2023<\/b><\/li>\n<li><b>FY 23 guidance reiterated as performance improvement continues<\/b><\/li>\n<\/ul>\n<p>LONDON &amp; NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCazoo Group Ltd (NYSE: CZOO) (\u201cCazoo\u201d or \u201cthe Company\u201d), the UK\u2019s leading independent online car retailer, which makes buying and selling a car as simple as ordering any other product online, today announces its financial results for the three months ended March 31, 2023.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230427005033\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230427005033\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230427005033\/en\/1773985\/4\/CazooSingleTransporter.jpg\" alt=\"Cazoo Single Transporter (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Cazoo Single Transporter (Photo: Business Wire)<\/p>\n<\/div>\n<p><b>Paul Whitehead, Chief Executive Officer of Cazoo, commented,<\/b> \u201cI am very pleased with our performance in the first quarter of 2023. Our focus on unit economics, together with the restructuring changes, is starting to bear fruit as evident in the significant improvement in Retail GPU to \u00a3980 in Q1 2023. Whilst the broader economic environment remains challenging, demand was robust in the quarter and we sold 13,314 retail cars as our online proposition continues to resonate with consumers due to the selection, transparency and convenience of using our platform.<\/p>\n<p>\n\u201cWe remain laser-focused on improving our unit economics, optimizing our fixed cost base and maximizing our cash runway. In Q1 2023, we delivered positive progress to further increase our Retail GPU with continued quarterly sequential growth in Retail GPU of 64% (up 690% YoY) and are very encouraged to have already achieved over \u00a31,200 in March, which we set as our target for the full year.<\/p>\n<p>\n\u201cWe are applying a more targeted approach to which vehicles we buy, guided by our proprietary data of their desirability, with a better selection of models available on our website driving better margins. During the quarter, a record 52.5% of buyers (up from 47.4% in Q1 2022) arranged financing directly through our platform entirely online, as we saw more applications together with better customer quality and higher acceptance rates. Reconditioning costs have continued to improve following the consolidation of our vehicle preparation centres and the relentless drive for greater efficiency from the team. We expect to see further progress across both these areas as well as across logistics spend and marketing effectiveness.<\/p>\n<p>\n\u201cOur cash position remains strong with \u00a3215 million<sup>1<\/sup> of cash and cash equivalents and approximately \u00a360 million of self-financed inventory. During the quarter, we took the difficult decision to reduce our headcount materially in order to optimize our fixed costs which resulted in c.\u00a313 million of one-off costs. We expect to see a reduction in SG&amp;A<sup>2<\/sup> run rates of over \u00a325 million per quarter by Q4 2023, representing over \u00a3100 million of annualised savings going into 2024. As we guided previously, the cash utilization rate is expected to reduce to approximately \u00a330 million per quarter by the end of the year, and we anticipate finishing the year with between \u00a3110 million and \u00a3130 million of cash and between \u00a315 million and \u00a325 million of self-financed inventory. We reiterate our guidance for 2023 and remain fully focused on delivering profitable growth.\u201d<\/p>\n<p><b>Summary Results<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwalignc bwpadl1\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Three months ended<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\"><b>March 31,<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>2023<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\"><b>(unaudited)<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>2022<\/b><sup>1<\/sup><\/p>\n<p class=\"bwalignc bwcellpmargin\">\n(unaudited)<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwalignc bwpadl1 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Change<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Vehicles Sold<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>17,447<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>18,679<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><i>-7%<\/i><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwrightsingle bwpadl7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRetail<\/p>\n<\/td>\n<td class=\"bwpadr0 bwvertalignb bwrightsingle bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>13,314<\/b><\/p>\n<\/td>\n<td class=\"bwpadr0 bwvertalignb bwrightsingle bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n12,844<\/p>\n<\/td>\n<td class=\"bwpadr0 bwvertalignb bwrightsingle bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><i>4%<\/i><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwrightsingle bwpadl7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nWholesale<\/p>\n<\/td>\n<td class=\"bwpadr0 bwvertalignb bwrightsingle bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>4,133<\/b><\/p>\n<\/td>\n<td class=\"bwpadr0 bwvertalignb bwrightsingle bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n5,835<\/p>\n<\/td>\n<td class=\"bwpadr0 bwvertalignb bwrightsingle bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><i>-29%<\/i><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Revenue (\u00a3m)<\/b><sup>2<\/sup><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>247<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>279<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b><i>-11%<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwrightsingle bwpadl7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRetail (\u00a3m)<sup>2<\/sup><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n222<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n234<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><i>-5%<\/i><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwrightsingle bwpadl7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nWholesale (\u00a3m)<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n21<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n36<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><i>-42%<\/i><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwrightsingle bwpadl7\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nOther (\u00a3m)<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n4<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n9<\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><i>-56%<\/i><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Retail GPU (\u00a3)<sup>3<\/sup><\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>980<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>124<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b><i>690%<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Gross Profit (\u00a3m)<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>14<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>3<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b><i>367%<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Gross Margin (%)<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>5.8%<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>1.1%<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwrightsingle bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b><i>+4.7 ppts<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Cash and cash equivalents (\u00a3m)<sup>4<\/sup><\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>215<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>525<\/b><\/p>\n<\/td>\n<td class=\"bwrightsingle bwpadr0 bwvertalignb bwalignc bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b><i>-58%<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>1 <\/sup>The Q1 2022 comparatives have been restated to exclude the EU segment which is treated as a discontinued operation.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>2 <\/sup>\u201cRetail revenue\u201d excludes \u00a3nil of sales in Q1 2023 where Cazoo sold vehicles as an agent for third parties and only the net commission received from those sales is recorded within revenue (Q1 2022: \u00a31 million). Retail revenue also comprises ancillary products, including financing and warranty. These amounts were previously included in \u201cOther sales\u201d. \u201cOther sales\u201d comprises revenue from walk-in servicing, subscription services, third-party reconditioning and the provision of data services. The comparatives for Q1 2022 have been restated for consistency.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>3 <\/sup>Retail GPU (Gross Profit per Unit) is derived from UK retail and ancillary product revenues, divided by UK retail units sold (net of returns).<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>4<\/sup> The balance excludes \u00a36.4 million of cash related to assets held for sale in relation to the announced sale of Cluno, as Cazoo has been paid for Cluno but the transaction has not yet completed with its balance sheet still being consolidated.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>First Quarter 2023 Financial and Strategic highlights<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nRevenue of \u00a3247 million in line with expectations<\/p>\n<\/li>\n<li>\nRetail units sold up 4% YoY, to 13,314 supported by strong momentum and inventory levels<\/p>\n<\/li>\n<li>\nRetail GPU up 64% QoQ to \u00a3980 (Q4 2022: \u00a3596) following focus on unit economics<\/p>\n<\/li>\n<li>\nGross profit of \u00a314 million, with a gross margin of 5.8% (Q4 2022: 1.3%)<\/p>\n<\/li>\n<li>\nAncillary revenue per retail unit sold up 10% YoY to \u00a3708 due to the improvement in our proposition<\/p>\n<\/li>\n<li>\nFinance attachment rate further increased to 52.5% (Q4 2022: 51.5%)<\/p>\n<\/li>\n<li>\nHeadcount and operational footprint rightsizing as part of Revised 2023 Plan complete<\/p>\n<\/li>\n<li>\nSG&amp;A savings expected to flow through from Q2-Q3 2023<\/p>\n<\/li>\n<li>\nCash &amp; cash equivalents of \u00a3215 million<sup>4<\/sup> as of March 31, 2023 (December 31, 2022: \u00a3258 million)<\/p>\n<\/li>\n<li>\nSelf-financed inventory of ~\u00a360 million as of March 31, 2023 (December 31, 2022: ~\u00a375 million)<\/p>\n<\/li>\n<li>\nOutlook for 2023 reiterated:<\/p>\n<ul class=\"bwlistcircle\">\n<li>\n50,000-60,000 total unit sales, of which 40,000-50,000 Retail units<\/p>\n<\/li>\n<li>\nFull-year Retail GPU approaching \u00a31,200<\/p>\n<\/li>\n<li>\n2023 Retail GPU exit rate approaching \u00a31,500<\/p>\n<\/li>\n<li>\nAdjusted EBITDA of (\u00a3100) to (\u00a3120) million<\/p>\n<\/li>\n<li>\nCash &amp; cash equivalents at the end of 2023 of \u00a3110 to \u00a3130 million<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>Conference Call<\/b><\/p>\n<p>\nCazoo will host a conference call today, April 27, 2023, at 8 a.m. ET. Investors and analysts interested in participating in the call are invited to dial 1-877-704-6255, or for international callers, 1-215-268-9947. A webcast of the call will also be available on the investor relations page of the Company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestors.cazoo.co.uk&amp;esheet=53387477&amp;newsitemid=20230427005033&amp;lan=en-US&amp;anchor=https%3A%2F%2Finvestors.cazoo.co.uk&amp;index=1&amp;md5=2775dbe535959b97b4c713fda58dea1c\">https:\/\/investors.cazoo.co.uk<\/a>.<\/p>\n<p><b>About Cazoo &#8211; <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.cazoo.co.uk&amp;esheet=53387477&amp;newsitemid=20230427005033&amp;lan=en-US&amp;anchor=www.cazoo.co.uk&amp;index=2&amp;md5=507deeb8848ef4541fe1f812867ad147\">www.cazoo.co.uk<\/a><\/b><\/p>\n<p>\nOur mission is to transform the car buying and selling experience across the UK by providing better selection, value, transparency, convenience and peace of mind. Our aim is to make buying or selling a car no different to ordering any other product online, where consumers can simply and seamlessly buy, sell or finance a car entirely online for delivery or collection in as little as 72 hours. Cazoo was founded in 2018 by serial entrepreneur Alex Chesterman OBE and is a publicly traded company (NYSE: CZOO).<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis communication contains \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbour\u201d provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of Cazoo may differ from its actual results and, consequently, you should not rely on forward-looking statements as predictions of future events. These forward-looking statements generally are identified by the words \u201cbelieve,\u201d \u201cproject,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cstrategy,\u201d \u201cfuture,\u201d \u201copportunity,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cwill be,\u201d \u201cwill continue,\u201d \u201cwill likely result,\u201d and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (1) the implementation of and expected benefits from our business realignment plan, the winddown of operations in mainland Europe, the revised 2023 plan, and other cost-saving initiatives; (2) reaching and maintaining profitability in the future; (3) global inflation and cost increases for labor, fuel, materials and services; (4) geopolitical and macroeconomic conditions and their impact on prices for goods and services and on consumer discretionary spending; (5) having access to suitable and sufficient vehicle inventory for resale to customers and reconditioning and selling inventory expeditiously and efficiently; (6) availability of credit for vehicle and other financing and the affordability of interest rates; (7) increasing Cazoo\u2019s service offerings and price optimization; (8) effectively promoting Cazoo\u2019s brand and increasing brand awareness; (9) expanding Cazoo\u2019s product offerings and introducing additional products and services; (10) enhancing future operating and financial results; (11) achieving our long-term growth goals; (12) acquiring and integrating other companies; (13) acquiring and protecting intellectual property; (14) attracting, training and retaining key personnel; (15) complying with laws and regulations applicable to Cazoo\u2019s business; and (16) other risks and uncertainties set forth in the sections entitled \u201cRisk Factors\u201d and \u201cCautionary Note Regarding Forward-Looking Statements\u201d in the Reports on Form 20-F filed with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) by Cazoo Group Ltd on March 30, 2023 and in subsequent filings with the SEC. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the disclosure included in other documents filed by Cazoo from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cazoo assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Cazoo gives no assurance that it will achieve its expectations.<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>1 <\/sup>The balance excludes \u00a36.4 million of cash related to assets held for sale in relation to the announced sale of Cluno, as Cazoo has been paid for Cluno but the transaction has not yet completed with its balance sheet still being consolidated.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>2 <\/sup>SG&amp;A means Selling, General and Administrative expenses.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\n\u00a0<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230427005033r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230427005033\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230427005033\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations:<br \/>\n<\/b><br \/>Cazoo: Anna Gavrilova, Head of Investor Relations, <a rel=\"nofollow\" href=\"mailto:investors@cazoo.co.uk\">investors@cazoo.co.uk<br \/>\n<\/a><br \/>ICR: <a rel=\"nofollow\" href=\"mailto:cazoo@icrinc.com\">cazoo@icrinc.com<\/a><\/p>\n<p><b>Media:<br \/>\n<\/b><br \/>Cazoo: Lawrence Hall, Group Communications Director, <a rel=\"nofollow\" href=\"mailto:lawrence.hall@cazoo.co.uk\">lawrence.hall@cazoo.co.uk<br \/>\n<\/a><br \/>Brunswick: Chris Blundell\/Simone Selzer +44 20 7404 5959 \/ <a rel=\"nofollow\" href=\"mailto:cazoo@brunswickgroup.com\">cazoo@brunswickgroup.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York Europe United States United Kingdom North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> General Automotive Professional Services Automotive Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230427005033\/en\/1773985\/3\/CazooSingleTransporter.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Cazoo Single Transporter (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Cazoo Announces First Quarter 2023 Financial Results Record Retail GPU of \u00a3980 in Q1 2023 (over \u00a31,200 in March) Business restructuring complete Strong cash position Record Retail GPU of \u00a3980 in Q1, up 690% YoY, ahead of expectations Achieved new record level of Retail GPU of over \u00a31,200 in March Q1 2023 revenue and retail unit sales in line with expectations Gross profit of \u00a314 million in Q1, up 367% YoY, with improved margins Strong cash position with over \u00a3215 million as at the end of Q1 2023 FY 23 guidance reiterated as performance improvement continues LONDON &amp; NEW YORK&#8211;(BUSINESS WIRE)&#8211; Cazoo Group Ltd (NYSE: CZOO) (\u201cCazoo\u201d or \u201cthe Company\u201d), the UK\u2019s leading independent online car retailer, which makes buying &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cazoo Announces First Quarter 2023 Financial Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-751880","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cazoo Announces First Quarter 2023 Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cazoo Announces First Quarter 2023 Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cazoo Announces First Quarter 2023 Financial Results Record Retail GPU of \u00a3980 in Q1 2023 (over \u00a31,200 in March) Business restructuring complete Strong cash position Record Retail GPU of \u00a3980 in Q1, up 690% YoY, ahead of expectations Achieved new record level of Retail GPU of over \u00a31,200 in March Q1 2023 revenue and retail unit sales in line with expectations Gross profit of \u00a314 million in Q1, up 367% YoY, with improved margins Strong cash position with over \u00a3215 million as at the end of Q1 2023 FY 23 guidance reiterated as performance improvement continues LONDON &amp; NEW YORK&#8211;(BUSINESS WIRE)&#8211; Cazoo Group Ltd (NYSE: CZOO) (\u201cCazoo\u201d or \u201cthe Company\u201d), the UK\u2019s leading independent online car retailer, which makes buying &hellip; Continue reading &quot;Cazoo Announces First Quarter 2023 Financial Results&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-27T10:34:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20230427005033\/en\/1773985\/4\/CazooSingleTransporter.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cazoo-announces-first-quarter-2023-financial-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cazoo-announces-first-quarter-2023-financial-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Cazoo Announces First Quarter 2023 Financial Results\",\"datePublished\":\"2023-04-27T10:34:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cazoo-announces-first-quarter-2023-financial-results\\\/\"},\"wordCount\":1642,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cazoo-announces-first-quarter-2023-financial-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20230427005033\\\/en\\\/1773985\\\/4\\\/CazooSingleTransporter.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cazoo-announces-first-quarter-2023-financial-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cazoo-announces-first-quarter-2023-financial-results\\\/\",\"name\":\"Cazoo Announces First Quarter 2023 Financial Results - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cazoo-announces-first-quarter-2023-financial-results\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cazoo-announces-first-quarter-2023-financial-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20230427005033\\\/en\\\/1773985\\\/4\\\/CazooSingleTransporter.jpg\",\"datePublished\":\"2023-04-27T10:34:19+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cazoo-announces-first-quarter-2023-financial-results\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cazoo-announces-first-quarter-2023-financial-results\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cazoo-announces-first-quarter-2023-financial-results\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20230427005033\\\/en\\\/1773985\\\/4\\\/CazooSingleTransporter.jpg\",\"contentUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20230427005033\\\/en\\\/1773985\\\/4\\\/CazooSingleTransporter.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cazoo-announces-first-quarter-2023-financial-results\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cazoo Announces First Quarter 2023 Financial Results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cazoo Announces First Quarter 2023 Financial Results - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/","og_locale":"en_US","og_type":"article","og_title":"Cazoo Announces First Quarter 2023 Financial Results - Market Newsdesk","og_description":"Cazoo Announces First Quarter 2023 Financial Results Record Retail GPU of \u00a3980 in Q1 2023 (over \u00a31,200 in March) Business restructuring complete Strong cash position Record Retail GPU of \u00a3980 in Q1, up 690% YoY, ahead of expectations Achieved new record level of Retail GPU of over \u00a31,200 in March Q1 2023 revenue and retail unit sales in line with expectations Gross profit of \u00a314 million in Q1, up 367% YoY, with improved margins Strong cash position with over \u00a3215 million as at the end of Q1 2023 FY 23 guidance reiterated as performance improvement continues LONDON &amp; NEW YORK&#8211;(BUSINESS WIRE)&#8211; Cazoo Group Ltd (NYSE: CZOO) (\u201cCazoo\u201d or \u201cthe Company\u201d), the UK\u2019s leading independent online car retailer, which makes buying &hellip; Continue reading \"Cazoo Announces First Quarter 2023 Financial Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/","og_site_name":"Market Newsdesk","article_published_time":"2023-04-27T10:34:19+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20230427005033\/en\/1773985\/4\/CazooSingleTransporter.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Cazoo Announces First Quarter 2023 Financial Results","datePublished":"2023-04-27T10:34:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/"},"wordCount":1642,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20230427005033\/en\/1773985\/4\/CazooSingleTransporter.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/","name":"Cazoo Announces First Quarter 2023 Financial Results - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20230427005033\/en\/1773985\/4\/CazooSingleTransporter.jpg","datePublished":"2023-04-27T10:34:19+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/#primaryimage","url":"https:\/\/mms.businesswire.com\/media\/20230427005033\/en\/1773985\/4\/CazooSingleTransporter.jpg","contentUrl":"https:\/\/mms.businesswire.com\/media\/20230427005033\/en\/1773985\/4\/CazooSingleTransporter.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cazoo-announces-first-quarter-2023-financial-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Cazoo Announces First Quarter 2023 Financial Results"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/751880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=751880"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/751880\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=751880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=751880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=751880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}