Uxin: Operating Progress Isn't Fixing The Balance Sheet (Downgrade)
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Grassroots Trading2.51K FollowersFollow5ShareSavePlay(12min)CommentsSummaryUxin Limited reported strong Q3 2025 revenue growth, driven by higher retail sales volume and strategic inventory adjustments toward lower-priced vehicles.Gross margin reached a three-year high at 7.5%, reflecting operating leverage as stores mature and pricing processes improve.Wholesale operations serve as an effective safety valve, maintaining inventory turnover and supporting cash flow without being the primary business driver.Customer satisfaction remains robust, with a Net Promoter Score above 65 for six consecutive quarters, underpinning UXIN’s service quality during expansion. wenpu wang/iStock via Getty Images Thesis I last wrote about Uxin Limited (UXIN) a little over a year ago. The company is based in Beijing and runs an online used-car marketplace. It buys used cars, inspects and fixes them up, andThis article was written byGrassroots Trading2.51K FollowersFollowI focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.