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Video: What is a Stock Split?
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Cazoo Group is an online car retailer. Co. allows its consumers to purchase, finance or subscribe to a car online, for either delivery or collection. Co.'s business also includes car subscription services in the U.K., France, Germany, Spain and Italy, to provide an alternative to car ownership. Co. classifies its operations into three main categories: Retail, which primarily sells vehicles directly to its customers through its website www.cazoo.co.uk.; Wholesale, which sells vehicles through car auctions to trade buyers and other customers; and Other Sales, which engages in the provision of ancillary services, including vehicles finance, warranties, paint protection and car servicing. According to our Cazoo Group stock split history records, Cazoo Group has had 2 splits. | |
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Cazoo Group (CZOO) has 2 splits in our Cazoo Group stock split history database. The first split for CZOO took place on February 09, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of CZOO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split. CZOO's second split took place on December 06, 2023. This was a 1 for 100 reverse split, meaning for each 100 shares of CZOO owned pre-split, the shareholder now owned 1 share. For example, a 50 share position pre-split, became a 0.5 share position following the split.
When a company such as Cazoo Group conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the Cazoo Group stock split history from start to finish, an original position size of 1000 shares would have turned into 0.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cazoo Group shares, starting with a $10,000 purchase of CZOO, presented on a split-history-adjusted basis factoring in the complete Cazoo Group stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
12/21/2020 |
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End date: |
05/03/2024 |
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Start price/share: |
$23,000.00 |
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End price/share: |
$9.49 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.96% |
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Average Annual Total Return: |
-90.14% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$4.12 |
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Years: |
3.36 |
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Date |
Ratio |
02/09/2023 | 1 for 20 | 12/06/2023 | 1 for 100 |
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