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Why Uxin Was Jumping Higher Today

Rich Duprey, The Motley Fool
·2 min read
Why Uxin Was Jumping Higher Today

Shares of Uxin (Nasdaq: UXIN) were running 10% higher in afternoon trading Monday after the Chinese online used car dealer filed its fiscal fourth-quarter and annual earnings report over the weekend. Another important change made was to establish third-party financing of vehicles through financial institutions, which absolved the company of any of the financial risks. Uxin isn't some start-up trying to cash in on some current hot trend -- it's been in business for 10 years.

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