Uxin Ltd. Stock Price, News & Analysis

Uxin Limited (Nasdaq: UXIN), a leading used car e-commerce platform in China, announced that NIO Capital has met its payment obligations, totaling $80 million, for its subscription of senior convertible preferred shares. This commitment is part of a $100 million agreement established in June 2022. Additionally, Uxin fulfilled all payment obligations under a convertible promissory note amounting to $61.6 million, initially issued in June 2019 and revised in June 2021. Uxin is focused on enhancing its market presence through superior customer experience and operational capabilities in the used car sector.

Uxin Limited (Nasdaq: UXIN), a leading used car e-commerce platform in China, has announced the rescheduling of its earnings release for Q3 FY 2023, initially set for March 31, 2023. The new release date is April 11, 2023. This delay aims to finalize arrangements that could significantly enhance the company's financial standing. Additionally, a conference call will occur on the same day at 8:00 A.M. U.S. Eastern Time to discuss these results. Uxin focuses on providing quality vehicles and excellent service through its comprehensive online platform combined with physical inspection centers.

Uxin Limited (Nasdaq: UXIN), a leading Chinese e-commerce platform for used cars, will release its unaudited financial results for Q3 FY2023, ending December 31, 2022, on March 31, 2023, before U.S. market open. A conference call will follow at 8:00 A.M. ET the same day. Participants must preregister via a provided link to receive access details. A replay of the call will be available until April 7, 2023. Uxin continues to strengthen its market position using its online platform and offline centers, aiming for superior customer service and industry leadership.

Uxin Limited (Nasdaq: UXIN) reported its Q2 financial results for the period ending September 30, 2022, revealing total revenues of RMB618.8 million (US$87.0 million), a slight decrease of 1.2% from the previous quarter but a substantial 78.9% increase year-over-year. Transaction volume rose to 6,050 units, up 10.5% sequentially and 65.8% annually. Retail transaction volume hit 3,109 units, reflecting a 29.2% quarter-over-quarter increase and 202.7% year-over-year growth. The gross margin was 1.3%, while the loss from operations reached RMB106.4 million (US$15.0 million).

Uxin Limited (UXIN) will report its unaudited financial results for Q2 FY2023, ending September 30, 2022, before U.S. markets open on December 30, 2022. A conference call will follow at 8:00 A.M. ET on the same day, allowing management to discuss the financial results. Participants need to preregister via the provided link to receive access details. A replay of the call will be available until January 6, 2023. Uxin continues to be a leader in China’s used car e-commerce market, focusing on customer-centric services and innovative technology.

Uxin Limited (Nasdaq: UXIN) has upgraded its Xi’an Inspection and Reconditioning Center (IRC) and superstore, establishing it as the largest self-owned used car marketplace in Northwest China. The new IRC, expanded to 150,000 square meters, includes a reconditioning factory with a capacity of 40,000 units annually and a superstore accommodating 3,000 vehicles. This digitized facility offers enhanced operational efficiency and various customer services at a single location, marking a significant milestone in Uxin’s strategy to lead the transformation of China's used car industry.

Uxin Limited (Nasdaq: UXIN) announced on November 14, 2022, that it has regained compliance with Nasdaq's minimum bid price requirement of $1.00 per share. The Company was previously notified of non-compliance due to a share price below the threshold for 30 consecutive business days. Uxin adjusted the ratio of its American Depositary Shares (ADSs) to address this issue, effective October 28, 2022. Following this change, Nasdaq confirmed compliance as the stock price met the requirement for ten consecutive business days.

Uxin Limited (Nasdaq: UXIN), a premier Chinese e-commerce platform for used cars, announced a significant change in its American Depositary Shares (ADS) ratio. The new ratio will convert one ADS into thirty Class A ordinary shares, essentially implementing a one-for-ten reverse ADS split. This adjustment will take effect on October 28, 2022, with anticipated proportional increases in the ADS price. No action is required from ADS holders, and the change will not affect the underlying Class A ordinary shares.

Uxin Limited (UXIN) reported strong Q1 results for the period ending June 30, 2022, with total revenues of RMB626.2 million ($93.5 million), marking a 23.8% increase quarter-over-quarter and 125.4% year-over-year. Retail transaction volume surged to 2,407 units, up 30.2% from the previous quarter. However, gross margin decreased to 1.1%, down from 4.0% a year earlier, due to a shift towards mid-range vehicles. The company projects retail transaction volume of approximately 3,000 units and total revenues between RMB590 million to RMB610 million for Q2 2022.