UXIN (UXIN, Financial) experienced a significant decline in its stock price, dropping by 5.08% to $4.48 per share. The trading volume for this session reached 73,877 shares, with a turnover rate of 0.04% and a price fluctuation of 7.20%.
Recent financial reports reveal that UXIN recorded a revenue of $55.39 million and a net loss of $7.11 million, resulting in a loss per share of $0.04. The gross profit amounted to $3.53 million, and the price-to-earnings ratio stood at -0.10. Currently, no institutional ratings suggest a "buy," "hold," or "sell" recommendation for UXIN.
In the broader automobile retail sector, which saw no overall change, related stocks like Cango Inc., Yuxin Car, and Shengda Tech registered significant gains. Meanwhile, Kaixin Auto, Cheetah Net Supply Chain Service Inc., and Carvana Co. (CVNA) showed high activity with turnover rates of 28.24%, 25.92%, and 1.52% respectively. Notable price swings were observed in stocks like Cheetah Net Supply Chain Service Inc., Kaixin Auto, and Jiuzi Holdings, with fluctuations of 33.00%, 28.95%, and 14.55% respectively.
UXIN is an investment holding company that operates a used car e-commerce platform through its mobile app and website, facilitating transactions and offering financing solutions through third-party partners to help buyers purchase used cars. Its revenue streams include scrap car sales commissions and finance lease interest income, primarily generated in China.
