UXIN - Uxin beats Q3 top and bottom line estimates; initiates Q4 outlook

April, 11 2023 04:39 AM Uxin Limited

2023-04-11 04:39:04 ET

Uxin press release ( NASDAQ: UXIN ): Q3 Non-GAAP EPS of -$0.01 beats by $0.11 .
Revenue of $68.2M (-24.0% Y/Y) beats by $0.9M .
Transaction volume was 4,897 units for the three months ended December 31, 2022, a decrease of 19.1% from 6,050 units in the last quarter and an increase of 0.7% from 4,865 units in the same period last year.
Retail transaction volume was 2,928 units, a decrease of 5.8% from 3,109 units in the last quarter and an increase of 76.7% from 1,657 units in the same period last year.
Gross margin was 0.6% for the three months ended December 31, 2022, compared with 1.3% in the last quarter and 4.1% in the same period last year.
Outlook: For the three months ended March 31, 2023, the Company expects its retail transaction volume to be around 2,100 units and the average selling price ( ASP ) for retailed cars to be around RMB117,000. The Company also expects its wholesale transaction volume to be around 1,300 units with an expected ASP of around RMB52,000. The Company estimates that its total revenues including retail vehicle sales revenue, wholesale vehicle sales revenue and value-add-services revenue to be within the range of RMB310 million to RMB330 million.

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