Uxin (NASDAQ:UXIN) Announces Earnings Results

Uxin (NASDAQ:UXIN) announced its earnings results on Thursday. The company reported $0.00 EPS for the quarter, FiscalAI reports. The firm had revenue of $169.44 million during the quarter.

Uxin Trading Down 0.9%

NASDAQ:UXIN opened at $1.09 on Thursday. The firm has a 50 day moving average of $1.24 and a 200-day moving average of $2.10. Uxin has a 1 year low of $0.90 and a 1 year high of $4.18. The stock has a market capitalization of $235.92 million, a P/E ratio of -5.19 and a beta of 0.84.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Uxin in a research report on Wednesday, July 8th. Wall Street Zen cut Uxin from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. One investment 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.com, Uxin has a consensus rating of “Hold” and an average price target of $4.50.

About Uxin

Uxin Limited (NASDAQ: UXIN) is a China-based used automobile retailer and e-commerce company. The company operates an online platform that connects consumers with used vehicles and supports the purchase and sale of cars through digital tools and related transaction services.

Uxin’s business activities have included vehicle sourcing, inspection and reconditioning, pricing information, online listings, sales assistance, and vehicle delivery. The company has also offered services designed to support used-car transactions, such as financing and other automotive-related solutions, subject to applicable regulations and market conditions.

Founded in 2015, Uxin initially developed as an online used-car marketplace before expanding toward an integrated retail model.