Uxin (NASDAQ:UXIN) CEO Kun Dai Acquires 11,836 Shares of Company Stock

Key Points

• CEO Kun Dai bought 11,836 Uxin shares at an average price of $1.13, investing $13,374.68. The purchase increased his position by 22.86% to 63,602 shares and was made under a pre-arranged Rule 10b5-1 trading plan.
• Dai has made a series of Uxin purchases since September 29, totaling more than 50,000 shares as the stock price declined from $1.42 to $1.13 per share.
• Uxin shares recently traded at $1.11, down 0.6%, while analysts hold a consensus “Hold” rating. The company reported quarterly revenue of $169.44 million and a loss of $0.11 per share.

Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) CEO Kun Dai bought 11,836 shares of Uxin stock in a transaction on Thursday, October 8th. The stock was acquired at an average cost of $1.13 per share, for a total transaction of $13,374.68. Following the acquisition, the chief executive officer owned 63,602 shares in the company, valued at approximately $71,870.26. This represents a 22.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

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

Uxin Trading Down 0.6%

Shares of UXIN stock traded down $0.01 during trading hours on Friday, reaching $1.11. The stock had a trading volume of 36,918 shares, compared to its average volume of 301,668. The stock's fifty day simple moving average is $1.18 and its 200 day simple moving average is $1.92. The firm has a market capitalization of $240.90 million, a PE ratio of -3.97 and a beta of 0.75. Uxin Limited Sponsored ADR has a 12 month low of $0.90 and a 12 month high of $4.18.

Uxin (NASDAQ:UXIN - Get Free Report) last posted its quarterly earnings data on Thursday, September 24th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $169.44 million for the quarter.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. 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 reiterated a "sell (e+)" rating on shares of Uxin in a report on Friday, October 2nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $4.50.

About Uxin

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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