Uxin Expects Q4 Revenue of RMB300M-RMB320M
Portfolio Pulse from Benzinga Newsdesk
Uxin forecasts Q4 revenue to be between RMB300 million and RMB320 million, with retail transaction volume expected at 3,100 units and wholesale at 900 units. The company also anticipates a gross profit margin of over 6.5%, reflecting its current market and operational outlook.
April 25, 2024 | 8:44 am
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POSITIVE IMPACT
Uxin expects Q4 revenues to reach RMB300M-RMB320M with a gross profit margin over 6.5%, indicating a positive outlook.
The forecasted increase in revenue and a healthy gross profit margin suggest a positive short-term impact on Uxin's stock. The specific revenue figures and expected growth in transaction volumes provide a clear, optimistic financial outlook, likely to boost investor confidence and potentially drive up the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100