Shares of Uxin Limited (NASDAQ: UXIN), China's leading used car retailer, surged 10.09% in pre-market trading on Thursday following the release of its impressive unaudited financial results for the quarter ended March 31, 2025.

The company reported a significant year-over-year growth in its retail business. Retail transaction volume reached 7,545 units, marking a substantial 141.5% increase from the same period last year. Retail revenue surged 73% year-over-year to RMB466 million ($64.2 million). Additionally, Uxin's gross margin expanded by 40 basis points to 7%, showcasing improved profitability.

Uxin's strong performance was further highlighted by its total revenues of RMB504.2 million ($69.5 million), representing a 58% increase from the same period last year. The company also maintained a healthy inventory structure with turnover days around 30 and an industry-leading net promoter score of 65, indicating strong customer satisfaction. Looking ahead, Uxin expects its retail transaction volume in the second quarter to exceed 10,000 units, setting a new record for the company. This positive outlook, combined with the strong Q1 results, has bolstered investor confidence, driving the pre-market stock surge.