https://techcrunch.com/2021/03/29/viewing-cazoos-proposed-spac-debut-through-carvanas-windshield/

News that U.K.-based used car seller Cazoo intends to list in the United States via a SPAC is not surprising. After all, the SPAC boom we’ve seen in recent quarters means that there are a host of American blank-check companies in the market looking for deals — why would they stop at domestic borders?

But the Cazoo deal is not a surprise for other reasons as well. We’ve seen the value of related American company Carvana spike in recent years after its 2017 IPO, for example. And Carvana has shown the sort of gross-margin improvement that Cazoo intends to manage in the coming years, so there’s precedent for its sales model to show economic improvements over time.