Why Uxin Stock Was Skyrocketing Today

Motley Fool09-24

Uxin's revenue soared in its first-quarter earnings report, up 39%. The company's pivot to retail sales is showing results. It expects to turn EBITDA profitable by the end of the year. ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2469126370?lang=en_US&edition=fundamental","thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F791604%2Fused-car-shopping-china.jpg&op=resize&w=165&h=104","is_english":true,"pubTime":"2024-09-24 02:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2469126370","market":"us","top_or_hot":-1,"title":"Why Uxin Stock Was Skyrocketing Today","media":"Motley Fool","content":"<div>\n<p>Uxin's revenue soared in its first-quarter earnings report, up 39%.\n\n\n\n\n\n\n\nThe company's pivot to retail sales is showing results.\n\n\n\n\n\n\n\nIt expects to turn EBITDA profitable by the end of the year. \n...</p>\n\n<a href=\"https://www.fool.com/investing/2024/09/23/why-uxin-stock-was-skyrocketing-today/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Uxin Stock Was Skyrocketing Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Uxin Stock Was Skyrocketing Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-24 02:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/09/23/why-uxin-stock-was-skyrocketing-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uxin's revenue soared in its first-quarter earnings report, up 39%.\n\n\n\n\n\n\n\nThe company's pivot to retail sales is showing results.\n\n\n\n\n\n\n\nIt expects to turn EBITDA profitable by the end of the year. \n...</p>\n\n<a href=\"https://www.fool.com/investing/2024/09/23/why-uxin-stock-was-skyrocketing-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4214","symbol_name":"汽车零售","start_time":0,"source_url":"https://www.fool.com/investing/2024/09/23/why-uxin-stock-was-skyrocketing-today/","article_id":"2469126370","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F791604%2Fused-car-shopping-china.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2469126370","pubTimestamp":1727115960,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"The Chinese used car dealer is finally showing signs of a turnaround.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4214":"汽车零售","BK4563":"昨日强势股","BK4122":"互联网与直销零售","UXIN":"优信","BK4505":"高瓴资本持仓"},"translate_title":"优信股票今天为何暴涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UXIN":1},"content_text":"Uxin's revenue soared in its first-quarter earnings report, up 39%.\n\n\n\n\n\n\n\nThe company's pivot to retail sales is showing results.\n\n\n\n\n\n\n\nIt expects to turn EBITDA profitable by the end of the year. \n\nShares of Uxin (UXIN 45.75%), the Chinese online used-car dealer, were soaring today after the company delivered better-than-expected results in its fiscal first-quarter earnings report.As of 1:27 p.m., the stock was up 42.6% on the news.Image source: Getty Images.Uxin delivers strong growthUxin, which went public in 2018, has struggled for years, since before more recent challenges with the Chinese e-commerce sector and weak consumer spending in China.The company has changed its business model multiples to gain traction in China's massive used-car market, and its efforts seem to be finally paying off.Transaction volume jumped 72% from the quarter a year ago to 5,605 units, driven by a surge in retail units, which were up 1,687 to 4,090, as the company focuses on the end buyer instead of selling to car dealers. Revenue was up 38.8% to $55.2 million, but the company narrowed its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) from $6.7 million to $4.7 million.CEO Kun Dai called it a strong performance and noted, \"Our vehicle turnover efficiency remains healthy, with inventory turnover days around 30. Alongside our robust sales growth, customer satisfaction has also improved as our Net Promoter Score reached 65 during the quarter, the highest level in the industry.\"What's next for UxinUxin's revenue growth is a promising sign, but investors should also keep an eye on gross margin, as that's likely to be the biggest driver of profitability if the company can achieve it.As the business shifts to the retail channel, the number should expand. The company also expects to achieve EBITDA profitability by the December quarter. If it can achieve that, expect shares to move higher from here.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2469126370"}