Uxin Limited (NASDAQ: UXIN), China's leading used car retailer, saw its stock price surge 6.77% in pre-market trading on Wednesday following the release of its impressive fourth quarter and full year 2024 financial results. The company's strong performance and ambitious growth plans for 2025 have instilled confidence in investors.

In the fourth quarter of 2024, Uxin reported a remarkable 177.6% year-over-year increase in retail transaction volume, reaching 8,554 units. This surge in sales volume translated to a 45.4% rise in total revenues, which climbed to RMB596.8 million (US$81.8 million). The company's gross margin also saw significant improvement, expanding from 4.8% in Q4 2023 to 7.0% in the same period of 2024.

Perhaps the most encouraging news for investors was Uxin's achievement of positive adjusted EBITDA in the fourth quarter, marking a pivotal milestone in the company's path to profitability. This financial turnaround demonstrates the scalability of Uxin's superstore model and its ability to capitalize on the growing Chinese used car market.

Looking ahead to 2025, Uxin has outlined ambitious expansion plans that have further fueled investor optimism. The company aims to open between two to four new superstores in key regional markets, while also targeting over 100% growth in retail transaction volume. These goals, coupled with the company's improved operational efficiency and digital capabilities, position Uxin for continued strong performance in the coming year.

Mr. Kun Dai, Chairman and Chief Executive Officer of Uxin, commented on the results and future outlook: "As a pioneer and leader in China's used-car industry, Uxin is well-positioned to lead this transformation. Through our modernized retail experience, professional vehicle reconditioning capabilities, and a highly efficient, data-driven operating model, we are setting new benchmarks for the sector's advancement."

The positive reaction to Uxin's results comes amid a favorable backdrop for China's used car market, which grew 6.5% in 2024, outpacing the growth of the new car market. With supportive government policies and an increasing number of vehicles entering the secondary market, Uxin appears well-positioned to capitalize on this trillion-RMB opportunity in the years ahead.