Uxin (NASDAQ:UXIN) CEO Buys 9,000 Shares of Company Stock

Uxin Limited Sponsored ADR (NASDAQ:UXIN) CEO Kun Dai bought 9,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was purchased at an average cost of $1.42 per share, for a total transaction of $12,780.00. Following the transaction, the chief executive officer directly owned 24,883 shares of the company’s stock, valued at $35,333.86. The trade was a 56.66% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Wednesday, September 30th, Kun Dai bought 7,443 shares of Uxin stock. The shares were purchased at an average price of $1.34 per share, for a total transaction of $9,973.62.
• On Tuesday, September 29th, Kun Dai purchased 8,440 shares of Uxin stock. The shares were purchased at an average cost of $1.26 per share, with a total value of $10,634.40.

Uxin Trading Up 3.8%

NASDAQ:UXIN opened at $1.37 on Friday. The stock has a 50 day simple moving average of $1.21 and a 200 day simple moving average of $2.00. The stock has a market cap of $296.52 million, a P/E ratio of -4.89 and a beta of 0.74. Uxin Limited Sponsored ADR has a 1-year low of $0.90 and a 1-year high of $4.18.

Uxin (NASDAQ:UXIN) last issued its quarterly earnings data on Thursday, September 24th. The company reported ($0.11) EPS for the quarter. The business had revenue of $169.44 million during the quarter.

Wall Street Analysts Forecast Growth

UXIN has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Uxin from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings restated 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 given a Sell rating to the company. According to 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.