Insider Buying: Uxin (NASDAQ:UXIN) CEO Purchases 9,800 Shares of Company Stock

Key Points

• Uxin CEO Kun Dai bought 9,800 shares at an average price of $1.15, investing $11,270 and increasing his direct ownership by 13.49% to 82,429 shares. The purchase was made under a pre-arranged Rule 10b5-1 plan.
• Dai has made a series of additional Uxin purchases since late September, bringing the reported buying streak to multiple transactions as the stock traded between roughly $1.13 and $1.42 per share.
• Uxin shares opened at $1.13, near their $0.90 12-month low and well below the $4.18 high. Analysts’ average rating is Hold, with a consensus price target of $4.50, while the company most recently reported a quarterly loss of $0.11 per share.

Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) CEO Kun Dai acquired 9,800 shares of the company's stock in a transaction that occurred on Monday, October 12th. The shares were acquired at an average cost of $1.15 per share, for a total transaction of $11,270.00. Following the purchase, the chief executive officer directly owned 82,429 shares of the company's stock, valued at $94,793.35. This represents a 13.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, October 9th, Kun Dai bought 9,027 shares of Uxin stock. The shares were acquired at an average cost of $1.13 per share, with a total value of $10,200.51.
• On Thursday, October 8th, Kun Dai bought 11,836 shares of Uxin stock. The shares were acquired at an average cost of $1.13 per share, with a total value of $13,374.68.
• On Wednesday, October 7th, Kun Dai bought 5,505 shares of Uxin stock. The shares were acquired at an average price of $1.21 per share, with a total value of $6,661.05.
• On Tuesday, October 6th, Kun Dai purchased 7,023 shares of Uxin stock. The stock was bought at an average cost of $1.24 per share, for a total transaction of $8,708.52.
• On Monday, October 5th, Kun Dai purchased 8,683 shares of Uxin stock. The stock was bought at an average cost of $1.27 per share, for a total transaction of $11,027.41.
• On Friday, October 2nd, Kun Dai purchased 5,672 shares of Uxin stock. The stock was bought at an average price of $1.29 per share, for a total transaction of $7,316.88.
• On Thursday, October 1st, Kun Dai acquired 9,000 shares of Uxin stock. The shares were bought at an average cost of $1.42 per share, with a total value of $12,780.00.
• On Wednesday, September 30th, Kun Dai acquired 7,443 shares of Uxin stock. The shares were bought at an average cost of $1.34 per share, with a total value of $9,973.62.
• On Tuesday, September 29th, Kun Dai acquired 8,440 shares of Uxin stock. The shares were bought at an average price of $1.26 per share, with a total value of $10,634.40.

Uxin Stock Performance

Shares of NASDAQ:UXIN opened at $1.13 on Tuesday. The stock has a fifty day simple moving average of $1.18 and a two-hundred day simple moving average of $1.89. Uxin Limited Sponsored ADR has a 12-month low of $0.90 and a 12-month high of $4.18. The stock has a market capitalization of $244.58 million, a price-to-earnings ratio of -4.04 and a beta of 0.75.

Uxin (NASDAQ:UXIN - Get Free Report) last released its 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.

Analysts Set New Price Targets

UXIN has been the topic of a number of analyst reports. Wall Street Zen cut shares of Uxin from a "hold" rating to a "sell" rating in a research note on Saturday, June 20th. Weiss Ratings restated a "sell (e+)" rating on shares of Uxin in a research note on Friday, October 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company 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.

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