Uxin Expects 1Q24 Total Revenue To Be In Range Of RMB 270M-RMB 290M
Portfolio Pulse from Benzinga Newsdesk
Uxin, a used car e-commerce platform in China, has provided its business outlook for Q1 2024. The company expects its retail and wholesale transaction volumes to be around 1,600 units each, with average selling prices of RMB111,000 and RMB61,000 respectively. Total revenues, including retail and wholesale vehicle sales and other revenue, are expected to be in the range of RMB270 million to RMB290 million. The company also expects its GP margin to be greater than 6%.
August 14, 2023 | 10:14 am
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Uxin expects its Q1 2024 total revenues to be in the range of RMB270 million to RMB290 million, with retail and wholesale transaction volumes of 1,600 units each. The company also expects its GP margin to be greater than 6%.
The news is directly about Uxin's business outlook for Q1 2024. The company's expected revenues and transaction volumes could influence investor sentiment and the stock price. However, as these are only forecasts and actual results may vary, the short-term impact on the stock price is neutral.
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