Uxin Q1 Loss Widens, Forecasts Sequential Volume, Revenue Growth In Q2; Stock Down In Pre-market

Uxin reported a wider first-quarter net loss as operating expenses increased faster than revenue. Revenue rose sharply on more than doubling used car sales volumes, but the operating cost pressure outweighed the top-line improvement. The report is mixed overall, with stronger sales activity offset by weaker bottom-line performance.

Analysis

Uxin reported a wider first-quarter net loss as operating expenses increased faster than revenue. Revenue rose sharply on more than doubling used car sales volumes, but the operating cost pressure outweighed the top-line improvement. The report is mixed overall, with stronger sales activity offset by weaker bottom-line performance.