US Stock Market Move | Q2 growth momentum strong, used car retailer Uxin Ltd. Sponsored ADR (UXIN.US) surged over 31%.

On Monday, the stock price of Uxin Ltd. Sponsored ADR (UXIN.US) rose sharply, with the stock up more than 31% to $2.09 at the time of writing. Uxin Ltd. Sponsored ADR group showed strong growth momentum in the second quarter of 2024, with total revenue increasing by 38.8% year-on-year and retail transaction volume rising by 142.4% year-on-year. The performance guidance indicates that the retail transaction volume in the next quarter will continue to increase by over 40% compared to the previous quarter. According to the financial report, Uxin Ltd. Sponsored ADR group achieved a total revenue of 401 million RMB in this quarter, an increase of 25.7% compared to the previous quarter and 38.8% year-on-year; the total number of used cars traded reached 5605, an increase of 38.1% quarter-on-quarter, and a 72.2% increase compared to the same period last year's 3254. Among them, the retail transaction volume reached 4090, an increase of 30.9% quarter-on-quarter and a significant increase of 142.4% compared to the same period last year's 1687, reaching a historical high.