Insider Buying: Uxin (NASDAQ:UXIN) CEO Buys $10,634.40 in Stock

Uxin Limited Sponsored ADR (NASDAQ:UXIN) CEO Kun Dai acquired 8,440 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The stock was acquired at an average cost of $1.26 per share, with a total value of $10,634.40. Following the completion of the acquisition, the chief executive officer directly owned 8,440 shares in the company, valued at approximately $10,634.40. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Thursday, October 1st, Kun Dai bought 9,000 shares of Uxin stock. The stock was acquired at an average price of $1.42 per share, for a total transaction of $12,780.00.
• On Wednesday, September 30th, Kun Dai purchased 7,443 shares of Uxin stock. The shares were acquired at an average price of $1.34 per share, with a total value of $9,973.62.

Uxin Stock Performance

Shares of UXIN stock opened at $1.27 on Friday. Uxin Limited Sponsored ADR has a 1 year low of $0.90 and a 1 year high of $4.18. The firm has a market capitalization of $275.97 million, a PE ratio of -4.55 and a beta of 0.74. The stock has a fifty day moving average of $1.20 and a two-hundred day moving average of $2.00.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on UXIN shares. Wall Street Zen lowered shares of Uxin from a “hold” rating to a “sell” rating in a research note on Saturday, June 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Uxin in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.50.

Uxin Company Profile

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.