Fly Intel: Top five analyst initiations » 09:5809/1509/15/21
EVGO, SONN, CZOO, PINE, EQ
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. EVgo (EVGO) initiated with a Neutral at Citi. 2. Sonnet BioTherapeutics (SONN) initiated with a Buy at BTIG. 3. Cazoo (CZOO) initiated with a Buy at Citi. 4. Alpine Income Property (PINE) initiated with a Buy at Stifel. 5. Equillium (EQ) initiated with an Overweight at Cantor Fitzgerald. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Cazoo acquires SMH Fleet Solutions for GBP 70M in cash » 07:3409/1509/15/21
Cazoo announced that it…
Cazoo announced that it has acquired SMH Fleet Solutions , one of the UK's leading vehicle preparation, logistics and storage businesses...This deal will provide Cazoo with one of the most extensive portfolios of vehicle preparation sites and production capabilities in the UK to meet its rapid growth plans. Once fully integrated, Cazoo will have the capacity to recondition and deliver hundreds of thousands of cars per year and store tens of thousands of cars, helping to secure its future requirements and materially de-risk its ability to meet its growth targets. Cazoo has acquired SMH for approximately GBP 70m in cash from LDC and other minority shareholders. The transaction is expected to have a negligible impact on Cazoo's FY2021 operating results.
Cazoo initiated with a Buy at Citi » 05:5109/1509/15/21
Citi analyst Catherine…
Citi analyst Catherine O'Neill initiated coverage of Cazoo with a Buy rating and $11.80 price target. Cazoo operates an end to end business-to-consumer online mostly used car platform where consumers can buy a car, O'Neill tells investors in a research note. t operates in the U.K. and in just 18 months has sold over 25,000 cars and achieved close to 1% market share, says the analyst. From a "low base," O'Neill forecasts greater than 100% revenue growth and over 150% gross profit annually through 2024.
|Over a week ago|
Cazoo acquires automotive data insights platform Cazana for GBP 25M cash » 07:3509/0209/02/21
Cazoo announced that it…
Cazoo announced that it has acquired Cazana, owner of one of the most comprehensive vehicle pricing datasets globally and one of the leading data insights platforms in the European automotive industry. Founded in 2012, Cazana has grown to a team of more than 50 staff including world-class data scientists and engineers headquartered in London. Cazana has built an extensive dataset of over 500 million historic vehicle transactions from over 40 countries including the UK, Germany, France, Spain and Italy and its tools are used by car manufacturers, lenders, fleet owners and insurers. Cazana's products include real-time vehicle valuation, pricing and stock management tools, and the acquisition by Cazoo will combine its market leading brand, proposition and platform with Cazana's extensive data, products and expertise. This deal will enhance Cazoo's data team and capabilities and allow it to further optimise its car buying and pricing across the UK & Europe for the benefit of consumers. Under the terms of the agreement Cazoo acquired Cazana for approximately GBP 25m in cash. Cazana's subsidiary Car & Classic did not form part of this transaction and CEO Tom Wood and COO Chris Varin will remain with the Car & Classic business. The transaction is expected to have an immaterial impact on Cazoo's FY2021 operating results.
Six new option listings and seven option delistings on August 27th » 08:3008/2708/27/21
CZOO, GGPI, HUMA, IRNT, PRVA, VLTA, AHAC, AJAX, DFNS, MXIM, SNPR, USCR
New option listings for…
New option listings for August 27th include Cazoo Group Ltd (Class A Stock) (CZOO), Gores Guggenheim Inc (Class A Stock) (GGPI), Humacyte Inc (HUMA), IronNet Inc (Class A Stock) (IRNT), Privia Health Group Inc (PRVA), and Volta Inc (Class A Stock) (VLTA). Option delistings effective August 27th include Alpha Healthcare Acquisition Corporation (Class A Stock) (AHAC), Capri Listco (Class A Stock) (AJAX), LGL Systems Acquisition Corp (Class A Stock) (DFNS), iShares International Preferred Stock ETF (IPFF), Maxim Integrated Products Inc (MXIM), Tortoise Acquisition Corp II (Class A Stock) (SNPR), and US Concrete Inc (USCR).