Uxin (NASDAQ:UXIN) Releases Earnings Results

Uxin (NASDAQ:UXIN) released its quarterly earnings data on Thursday, September 24th. The company reported $0.00 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $169.44 million for the quarter.

Here are the key takeaways from Uxin’s conference call:

• Uxin’s Q2 retail volume rose 89% year over year to 19,610 vehicles, while revenue increased 75% to RMB1.151 billion. Management expects Q3 volume of 20,500–21,000 vehicles, revenue of RMB1.16–1.19 billion, and nearly 50% year-over-year growth.
• Management said inventory turnover has improved to approximately 20 days, supported by AI-driven pricing and integrated operating systems. Uxin views this as a long-term operating target that can reduce price-risk exposure and improve capital efficiency.
• Rapid used-car price declines, particularly for internal-combustion vehicles, drove Q2 gross margin to negative 0.7% from 7% in the prior quarter and contributed to a RMB120 million adjusted EBITDA loss. Management expects gross margin to recover above 6% in Q3 as inventory is reset, but acknowledged that market risks remain elevated.
• Industry conditions remain weak, with July and August used-car transactions down 6% and 11% year over year, respectively. Management expects continued consolidation, estimating that 50,000–60,000 used-car dealerships could exit the market in 2026, although it believes this may benefit scaled and digital operators such as Uxin.
• NIO Capital has funded an additional $4 million and confirmed plans to complete its remaining $4 million investment at $2.86 per ADS. Separately, the CEO established a Rule 10b5-1 plan to purchase up to $5 million of ADS at no more than $2.85 per ADS, with purchases eligible to begin September 28.

Uxin Trading Down 2.8%

Shares of Uxin stock traded down $0.03 on Friday, hitting $1.01. 78,376 shares of the company traded hands, compared to its average volume of 297,397. Uxin has a 12-month low of $0.90 and a 12-month high of $4.18. The company has a market cap of $218.82 million, a P/E ratio of -3.61 and a beta of 0.75. The firm’s 50-day simple moving average is $1.17 and its 200 day simple moving average is $1.84.

Insider Buying and Selling

In other news, Director Bin (William) Li purchased 104,931,794 shares of the stock in a transaction on Wednesday, September 23rd. The shares were acquired at an average price of $0.01 per share, for a total transaction of $1,049,317.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 105,023,723 shares of company stock valued at $1,161,415 over the last quarter. 62.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Uxin in a research report on Friday, October 2nd. Wall Street Zen lowered Uxin from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.50.

About Uxin

Uxin Limited is a China-based used automobile retail and service company that operates through online and offline channels. The company offers consumers access to used vehicles and related transaction services, with an emphasis on vehicle selection, inspection, pricing, financing and delivery.

Uxin has historically operated as an online used-car marketplace connecting buyers and sellers across China. It later placed greater emphasis on direct used-car retail, vehicle sourcing, refurbishment, quality inspection and nationwide logistics, helping customers purchase vehicles from its inventory and arrange delivery to their location.

Founded in 2015, Uxin is headquartered in China and has served customers across multiple Chinese regions.