Why Uxin Stock Was Skyrocketing Today [Yahoo! Finance]
Uxin Limited - American Depositary Shares (UXIN)
Last uxin limited - american depositary shares earnings: 3/14 12:30 am
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Source: Yahoo! Finance
Shares of Uxin (NASDAQ: UXIN) , the Chinese online used-car dealer, were soaring today after the company delivered better-than-expected results in its fiscal first-quarter earnings report. As of 1:27 p.m., the stock was up 42.6% on the news. Uxin delivers strong growth Uxin, which went public in 2018, has struggled for years, since before more recent challenges with the Chinese e-commerce sector and weak consumer spending in China. The company has changed its business model multiples to gain traction in China's massive used-car market, and its efforts seem to be finally paying off. Transaction volume jumped 72% from the quarter a year ago to 5,605 units, driven by a surge in retail units, which were up 1,687 to 4,090, as the company focuses on the end buyer instead of selling to car dealers. Revenue was up 38.8% to $55.2 million, but the company narrowed its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) from $6.7 million to $4.7 milli
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UXIN
News
- Uxin Announces Strategic Partnership with Wuhan City Economic & Technological Development Zone [Yahoo! Finance]Yahoo! Finance
- Uxin Announces Strategic Partnership with Wuhan City Economic & Technological Development ZonePR Newswire
- Uxin's High-Speed Pursuit Of Profit: Debt-Driven Expansion [Seeking Alpha]Seeking Alpha
- Uxin First Quarter 2025 Earnings: CN¥0.27 loss per share (vs CN¥19.30 loss in 1Q 2024) [Yahoo! Finance]Yahoo! Finance
- Uxin eyes EBITDA profitability ahead, posts smaller loss; shares rise [Seeking Alpha]Seeking Alpha
UXIN
Sec Filings
- 11/6/24 - Form SC
- 11/4/24 - Form 6-K
- 10/23/24 - Form SC
- UXIN's page on the SEC website