5 Best Affordable Stocks to Buy Under $5

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1. Cazoo Group Ltd (NYSE:CZOO

Share Price as of December 17: $0.1300
Number of Hedge Fund Holders: 27

Cazoo Group Ltd (NYSE:CZOO), which was launched in 2018, sells used automobiles in the United Kingdom and Europe. 

The share price of Cazoo Group Ltd (NYSE:CZOO) has plummeted significantly during the past year for several reasons. Of course, the UK’s high inflation rate is the first reason. Interest rates are rising in tandem with strong inflation, which is also unfavorable. The war in Ukraine has caused fuel prices to rise along with oil prices, which is further depressing the value of the company’s stock.

Despite the exceptionally challenging macroeconomic environment in the UK, Cazoo Group Ltd (NYSE:CZOO) managed to significantly increase its market share during the third quarter of 2022. It achieved over 100% growth with UK revenues of £347 million and UK retail sales of 18,889 units in a used car market that had experienced a general decline because of the situation. Cazoo Group Ltd (NYSE:CZOO) anticipates ongoing excellent performance in Q4, with UK retail unit sales continuing to rise at over 100% YoY and their UK Retail GPU showing considerable additional improvement.

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