Uxin Ltd (NASDAQ:UXIN), a leading Chinese used car retailer, saw its shares surge 5.12% in intraday trading following the release of its impressive fourth-quarter and full-year 2024 financial results. The company reported record growth in retail transaction volume and achieved positive adjusted EBITDA for the first time, signaling a significant turnaround in its financial performance.
The Q4 2024 results, released on April 30, 2025, showcased Uxin's strong momentum. The company's retail transaction volume soared by 178% year-over-year to 8,554 units, while total revenue climbed 45% to RMB597 million. Notably, Uxin reported positive adjusted EBITDA for the first time, compared to a loss in the same quarter of the previous year. The gross margin also improved to 7%, up 2.2 percentage points from Q4 2023.
Investors were further encouraged by Uxin's full-year 2024 performance and positive outlook for Q1 2025. The company's retail transaction volume for the full year 2024 grew by an impressive 134% to 21,773 units, with total revenue increasing 30% to RMB1.814 billion. Looking ahead, Uxin expects Q1 2025 retail transaction volume to grow over 140% year-over-year, projecting between 7,400 and 7,500 units. The company also completed a $27.8 million financing agreement in March 2025, bolstering its financial position to support future growth and expansion plans.
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