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.
