Uxin Limited (UXIN, Financial), a key player in the used car e-commerce sector in China, experienced a significant stock price drop of 5.48%. The shares are currently priced at $5.65 with a trading volume of approximately 200,264 shares, resulting in a turnover rate of 0.11% and a volatility of 7.32%.
Recent financial reports reveal that Uxin generated a revenue of $55.39 million but recorded a net loss of $7.11 million, resulting in an earnings per share (EPS) of -$0.04. The company posted a gross profit of $3.53 million, which led to a price-to-earnings (P/E) ratio of -0.13. Notably, there are currently no institutional ratings available for the stock, leaving potential investors without guidance on buy, hold, or sell recommendations.
Within the broader automotive retail industry, Uxin's sector experienced a minor overall increase of 0.13%. Comparatively, stocks such as Youpin Car, Cango, and Shengda Technology saw noticeable gains, while Kaixin Auto, Carvana Co., and Cheetah Net Supply Chain Service Inc. exhibited considerable trading activity. Kaixin Auto, in particular, showed significant volatility with a swing of 19.80%.
Uxin Limited operates through its mobile app and website, offering a platform for second-hand car transactions and providing financing solutions in partnership with third-party financial entities. The company generates revenue through commissions on scrap car sales and interest from lease financing, predominantly within China.
