Uxin (NASDAQ:UXIN) Stock: Insider Kun Dai Acquires 9,000 Shares

Key Points

• CEO Kun Dai purchased 9,000 Uxin shares at an average of $1.42 each, investing $12,780 and increasing his direct ownership by 56.66%. The transaction was made under a pre-arranged Rule 10b5-1 plan, following additional purchases on September 29 and 30.
• Uxin shares opened at $1.37, with a market capitalization of approximately $296.5 million. The stock has traded between $0.90 and $4.18 over the past year and remains below its 200-day moving average of $2.00.
• The company reported a quarterly loss of $0.11 per share on revenue of $169.44 million. Analyst sentiment is mixed, resulting in a consensus “Hold” rating and an average price target of $4.50.

Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) CEO Kun Dai acquired 9,000 shares of Uxin stock in a transaction dated Thursday, October 1st. The shares were purchased at an average cost of $1.42 per share, with a total value of $12,780.00. Following the completion of the transaction, the chief executive officer directly owned 24,883 shares of the company's stock, valued at $35,333.86. This trade represents a 56.66% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at 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 Wednesday, September 30th, Kun Dai acquired 7,443 shares of Uxin stock. The shares were purchased at an average price 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 stock was purchased at an average cost of $1.26 per share, for a total transaction of $10,634.40.

Uxin Stock Performance

NASDAQ UXIN opened at $1.37 on Friday. The stock has a market capitalization of $296.52 million, a price-to-earnings ratio of -4.89 and a beta of 0.74. The stock's 50 day moving average price is $1.21 and its two-hundred day moving average price is $2.00. Uxin Limited Sponsored ADR has a 52 week low of $0.90 and a 52 week high of $4.18.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UXIN. Weiss Ratings reissued a "sell (e+)" rating on shares of Uxin in a report on Wednesday, July 8th. Wall Street Zen downgraded shares of 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Uxin presently has a consensus rating of "Hold" and an average price target 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.

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