Uxin (NASDAQ:UXIN – Get Free Report) issued its earnings results on Tuesday. The company reported ($0.05) earnings per share for the quarter, Zacks reports. The company had revenue of $155.72 million for the quarter.
Here are the key takeaways from Uxin’s conference call:
- Q1 retail transaction volume surged 119% year over year to 16,530 units, extending Uxin’s streak of eight consecutive quarters with growth above 110%. Management said this came despite seasonal Chinese New Year pressure.
- Total revenue rose 113% year over year to CNY 1.074 billion, while retail vehicle sales revenue reached CNY 1.01 billion. Average selling price was broadly stable at CNY 61,000.
- Gross margin held relatively steady at 7.0% and inventory turnover remained around 30 days. Management emphasized that mature superstores are offsetting lower margins at newly opened locations.
- Adjusted EBITDA loss widened to CNY 34.3 million, with management attributing the increase to seasonal softness, new-store ramp costs, and upfront staffing investments. They also warned that Q2 gross margin will face significant pressure from used-car price declines.
- Uxin is expanding its superstore network and sees faster ramp-up at new stores; Tianjin opened in March, bringing the total to six operating superstores, and the company still plans to add four to six more in 2026. Management reiterated full-year retail volume growth of more than 100% and expects Q2 retail sales of 18,000-19,000 units.
Uxin Price Performance
Shares of Uxin stock opened at $1.90 on Wednesday. The firm’s fifty day simple moving average is $2.58 and its 200-day simple moving average is $3.09. The stock has a market capitalization of $411.24 million, a price-to-earnings ratio of -10.00 and a beta of 0.81. Uxin has a 12 month low of $1.74 and a 12 month high of $5.36.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on UXIN
Uxin Company Profile
Uxin Limited is a China-based online and offline used car e-commerce platform that connects vehicle buyers and sellers through an integrated digital marketplace. Headquartered in Beijing, the company operates a network of physical used-car malls alongside its proprietary online platform, enabling customers to browse, inspect and purchase pre-owned vehicles with transparency and convenience.
The company’s core business activities encompass sourcing, quality assurance and distribution of used vehicles.
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