Insider Buying: Uxin (NASDAQ:UXIN) CEO Buys 11,836 Shares of Stock

Uxin Limited Sponsored ADR (NASDAQ:UXIN) CEO Kun Dai acquired 11,836 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The stock was bought at an average cost of $1.13 per share, with a total value of $13,374.68. Following the completion of the transaction, the chief executive officer directly owned 63,602 shares in the company, valued at $71,870.26. The trade was a 22.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kun Dai also recently made the following trade(s):

• On Wednesday, October 7th, Kun Dai acquired 5,505 shares of Uxin stock. The stock was bought at an average price of $1.21 per share, for a total transaction of $6,661.05.
• On Tuesday, October 6th, Kun Dai bought 7,023 shares of Uxin stock. The shares were bought at an average cost of $1.24 per share, with a total value of $8,708.52.
• On Monday, October 5th, Kun Dai purchased 8,683 shares of Uxin stock. The shares were bought at an average price of $1.27 per share, for a total transaction of $11,027.41.
• On Friday, October 2nd, Kun Dai acquired 5,672 shares of Uxin stock. The shares were bought at an average cost of $1.29 per share, with a total value of $7,316.88.
• On Thursday, October 1st, Kun Dai acquired 9,000 shares of Uxin stock. The stock was purchased at an average cost of $1.42 per share, for a total transaction of $12,780.00.
• On Wednesday, September 30th, Kun Dai bought 7,443 shares of Uxin stock. The stock was purchased at an average cost of $1.34 per share, with a total value of $9,973.62.
• On Tuesday, September 29th, Kun Dai purchased 8,440 shares of Uxin stock. The shares were purchased at an average cost of $1.26 per share, for a total transaction of $10,634.40.

Uxin Price Performance

Shares of UXIN traded down $0.01 during mid-day trading on Friday, reaching $1.11. 36,918 shares of the company’s stock were exchanged, compared to its average volume of 301,668. The business’s fifty day simple moving average is $1.18 and its 200-day simple moving average is $1.92. The stock has a market capitalization of $240.90 million, a PE ratio of -3.97 and a beta of 0.75. Uxin Limited Sponsored ADR has a 52-week low of $0.90 and a 52-week high of $4.18.

Uxin (NASDAQ:UXIN) last released its quarterly earnings results on Thursday, September 24th. The company reported ($0.11) EPS for the quarter. The company had revenue of $169.44 million for the quarter.

Analyst Upgrades and Downgrades

UXIN has been the subject of several analyst reports. Wall Street Zen cut Uxin from a “hold” rating to a “sell” rating in a research note on Saturday, June 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Uxin in a report on Friday, October 2nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.50.

Uxin Company Profile

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.