US Stock Market News | Strong Q2 Growth Momentum, Used Car Retailer Uxin Surges Over 31%
Uxin's stock price rose by over 31% to $2.09. In the second quarter of 2024, Uxin Group's total revenue increased by 38.8% year-on-year, and retail transaction volume increased by 142.4% year-on-year. The financial report shows that total revenue was RMB 401 million, an increase of 25.7% quarter-on-quarter; the total number of used car transactions reached 5,605, an increase of 38.1% quarter-on-quarter. Retail transaction volume reached 4,090 vehicles, an increase of 30.9% quarter-on-quarter, reaching a historical high
According to Zhitong Finance, on Monday, the stock price of the used car retailer Uxin (UXIN.US) rose, with the stock up over 31% to $2.09 as of the time of publication. Uxin Group showed strong growth momentum in the second quarter of 2024, with total revenue increasing by 38.8% year-on-year, and retail transaction volume increasing by 142.4% year-on-year. The performance guidance indicates that the retail transaction volume is expected to continue to increase by over 40% in the next quarter. The financial report shows that Uxin Group achieved a total revenue of 401 million RMB in this quarter, an increase of 25.7% quarter-on-quarter and 38.8% year-on-year; the total number of used car transactions reached 5,605 vehicles, an increase of 38.1% quarter-on-quarter and a significant increase of 72.2% compared to the same period last year's 3,254 vehicles. Among them, the retail transaction volume reached 4,090 vehicles, an increase of 30.9% quarter-on-quarter, and a significant increase of 142.4% compared to the same period last year's 1,687 vehicles, setting a new historical high