Uxin (NASDAQ:UXIN) CEO Kun Dai Purchases 9,027 Shares of Company Stock

Key Points

• CEO Kun Dai bought 9,027 Uxin shares at an average price of $1.13, investing $10,200.51 and increasing his position by 14.19% to 72,629 shares. The purchase was made under a pre-arranged Rule 10b5-1 trading plan.
• Dai has made a series of additional Uxin purchases since late September, totaling more than 72,000 shares across the disclosed transactions, as the stock price declined from approximately $1.42 to $1.13.
• Uxin reported a quarterly loss of $0.11 per share on revenue of $169.44 million. Analysts have a consensus “Hold” rating, with a $4.50 target price, though some firms maintain sell ratings.

Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) CEO Kun Dai purchased 9,027 shares of the firm's stock in a transaction dated Friday, October 9th. The shares were bought at an average price of $1.13 per share, with a total value of $10,200.51. Following the purchase, the chief executive officer owned 72,629 shares in the company, valued at $82,070.77. This represents a 14.19% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Monday, October 12th, Kun Dai acquired 9,800 shares of Uxin stock. The stock was bought at an average cost of $1.15 per share, for a total transaction of $11,270.00.
• On Thursday, October 8th, Kun Dai acquired 11,836 shares of Uxin stock. The stock was bought at an average cost of $1.13 per share, for a total transaction of $13,374.68.
• On Wednesday, October 7th, Kun Dai bought 5,505 shares of Uxin stock. The stock was bought at an average price of $1.21 per share, with a total value of $6,661.05.
• On Tuesday, October 6th, Kun Dai bought 7,023 shares of Uxin stock. The shares were bought at an average cost of $1.24 per share, with a total value of $8,708.52.
• On Monday, October 5th, Kun Dai bought 8,683 shares of Uxin stock. The shares were bought at an average cost of $1.27 per share, with a total value of $11,027.41.
• On Friday, October 2nd, Kun Dai purchased 5,672 shares of Uxin stock. The shares were bought at an average price of $1.29 per share, for a total transaction of $7,316.88.
• On Thursday, October 1st, Kun Dai purchased 9,000 shares of Uxin stock. The stock was purchased at an average cost 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 stock was purchased at an average cost of $1.34 per share, for a total transaction of $9,973.62.
• On Tuesday, September 29th, Kun Dai acquired 8,440 shares of Uxin stock. The stock was purchased at an average price of $1.26 per share, with a total value of $10,634.40.

Uxin Stock Performance

Shares of Uxin stock opened at $1.13 on Tuesday. The firm has a fifty day simple moving average of $1.18 and a 200-day simple moving average of $1.89. 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 Limited Sponsored ADR has a 1-year low of $0.90 and a 1-year high of $4.18.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on UXIN shares. Weiss Ratings restated a "sell (e+)" rating on shares of Uxin in a research note on Friday, October 2nd. Wall Street Zen cut Uxin from a "hold" rating to a "sell" rating in a report on Saturday, June 20th. One equities 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 a consensus rating of "Hold" and a consensus target price 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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