Insider Buying: Uxin (NASDAQ:UXIN) CEO Buys $11,027.41 in Stock

Uxin Limited Sponsored ADR (NASDAQ:UXIN) CEO Kun Dai bought 8,683 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were acquired at an average cost of $1.27 per share, with a total value of $11,027.41. Following the completion of the transaction, the chief executive officer owned 39,238 shares of the company’s stock, valued at $49,832.26. This represents a 28.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through 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 Wednesday, October 7th, Kun Dai acquired 5,505 shares of Uxin stock. The stock was bought at an average cost 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 stock was bought at an average price of $1.24 per share, for a total transaction of $8,708.52.
• On Friday, October 2nd, Kun Dai bought 5,672 shares of Uxin stock. The shares were bought at an average cost 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 shares were bought at an average price of $1.42 per share, with a total value of $12,780.00.
• On Wednesday, September 30th, Kun Dai purchased 7,443 shares of Uxin stock. The stock was bought at an average cost of $1.34 per share, with a total value of $9,973.62.
• On Tuesday, September 29th, Kun Dai purchased 8,440 shares of Uxin stock. The stock was bought at an average cost of $1.26 per share, with a total value of $10,634.40.

Uxin Trading Down 7.4%

Shares of NASDAQ:UXIN opened at $1.12 on Friday. The stock has a market cap of $242.42 million, a PE ratio of -4.00 and a beta of 0.75. The stock’s fifty day simple moving average is $1.18 and its two-hundred day simple moving average is $1.92. Uxin Limited Sponsored ADR has a 1-year low of $0.90 and a 1-year high of $4.18.

Uxin (NASDAQ:UXIN) last posted its earnings results 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 Upgrades and Downgrades

Several research firms have commented on UXIN. Wall Street Zen lowered shares of Uxin from a “hold” rating to a “sell” rating in a research note on Saturday, June 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Uxin in a research note on Friday, October 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.50.

Uxin Company Profile

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.