Key Points
- Uxin CEO Kun Dai bought 8,683 shares at an average price of $1.27, investing $11,027 and increasing his direct ownership by 28.42% to 39,238 shares. The purchase was made under a pre-arranged Rule 10b5-1 trading plan.
- Dai has made several additional purchases since September 29, bringing his recent buying activity to more than 39,000 shares. Uxin shares opened at $1.25, with a market capitalization of approximately $270.6 million.
- Uxin reported a quarterly loss of $0.11 per share on revenue of $169.44 million. Analysts’ consensus rating is Hold, with an average price target of $4.50, although some firms have issued sell ratings.
Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) CEO Kun Dai purchased 8,683 shares of the company's stock in a transaction that occurred on Monday, October 5th. The stock was acquired at an average cost of $1.27 per share, with a total value of $11,027.41. Following the transaction, the chief executive officer directly owned 39,238 shares of the company's stock, valued at approximately $49,832.26. This represents a 28.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 2nd, Kun Dai purchased 5,672 shares of Uxin stock. The shares were acquired at an average price of $1.29 per share, with a total value 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, for a total transaction of $12,780.00.
- On Wednesday, September 30th, Kun Dai purchased 7,443 shares of Uxin stock. The stock was bought at an average price of $1.34 per share, for a total transaction 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 Trading Down 1.2%
Shares of Uxin stock opened at $1.25 on Wednesday. The stock has a market capitalization of $270.55 million, a price-to-earnings ratio of -4.46 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. The firm's 50-day moving average price is $1.19 and its two-hundred day moving average price is $1.95.
Uxin (NASDAQ:UXIN - Get Free Report) last released its quarterly earnings results on Thursday, September 24th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $169.44 million during the quarter.
Analysts Set New Price Targets
A number of analysts have recently weighed in on UXIN shares. Wall Street Zen lowered 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 research report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $4.50.
Read Our Latest Research Report on UXIN
Uxin Company Profile
(
Get Free Report)
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.
Further Reading
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