Driven Brands Holdings Inc. (DRVN)
Larger industry benchmark · 6.95x market cap
Auto & Truck Dealerships
YouTube · Q1 2026 · 2026-05-20
UXIN · NasdaqGS
Uxin Limited
Auto & Truck Dealerships · China
USD 1.3019.3% daily changeQuote 2026-09-24 · USD
- Market cap (USD)
- US$285.97M
- Trailing P/E
- —
- Forward P/E
- —
- Quarterly revenue growth
- 112.9%
- Trailing net margin
- -8.5%
- Indicated dividend yield
- —
Snapshot 2026-09-25 · Latest financial period 2026-03-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Company background
Uxin Limited, together with its subsidiaries, operates as a used car retailer in the People's Republic of China. The company offers used car acquisition, inspection, reconditioning, warehousing, pre-sales, and after-sales services; warranty and repair, door-to-door delivery, title transfers, and vehicle registration services; and value-added products and services, such as auto financing options and insurance products. It sells used vehicles directly to its customers through its used car superstores and e-commerce platforms, as well as to wholesalers through offline dealerships. Uxin Limited was founded in 2011 and is headquartered in Beijing, the People's Republic of China.
Company websiteQ2 2026
Go beyond the headline.
UXIN Stock: Volume Nearly Doubled, Gross Margin Turned Negative — Q2 2026
Published 2026-09-25
Q2 2026 REPORT HIGHLIGHTS
What’s changed for UXIN
Retail volume rose 88.8%, but inventory markdowns pushed gross margin below zero while outside capital still supports liquidity.
Demand scaled rapidly.
Retail vehicle volume rose 88.8% to 19,610.
The inventory reset was expensive.
Gross margin fell to negative 0.7% and operating loss reached RMB151.9 million.
Scale helped one cost line.
Sales and marketing per retail vehicle fell about 14.9%, but that could not offset negative vehicle economics.
Capital providers remain central.
Current liabilities exceed current assets and historical growth has depended on financing.
The next quarter is a margin test.
Management guides to gross margin above 6%; static break-even at the Q2 expense base is about 12.45%.
Comparable businesses
UXIN peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | UXINUxin LimitedSnapshot 2026-09-25Financial period: 2026-03-31 | DRVNDriven Brands Holdings Inc.Snapshot 2026-09-25Financial period: 2026-06-27 | ANAutoNation, Inc.Snapshot 2026-09-25Financial period: 2026-06-30 |
|---|---|---|---|
| Market capMarket value, converted to USD | US$285.97M | US$1.99B | US$5.39B |
| Forward P/EProvider forward earnings estimate | — | 8.38x | 6.52x |
| EV / EBITDAEnterprise value / trailing EBITDA | — | 9.94x | 10.99x |
| Revenue growthLatest quarter vs prior-year quarter | 112.9% | 6.8% | -0.6% |
| Operating marginLatest reported quarter | -6.2% | 16.8% | 4.4% |
| Free cash flow yieldTrailing cash flow / market cap | — | 13.5% | 6.6% |
| Net debt / EBITDANet debt / trailing EBITDA | — | 5.03x | 7.44x |
| Debt / equityTotal debt / positive book equity | — | 2.66x | 5.02x |
| Trailing P/ETrailing twelve-month earnings | — | 12.41x | 7.65x |
| Price / bookPrice / positive book equity per share | — | 2.38x | 2.39x |
| EV / salesEnterprise value / trailing revenue | — | 2.08x | 0.61x |
| Earnings growthLatest quarter vs prior-year quarter | — | -37.0% | 138.5% |
| Gross marginTrailing twelve months | 6.7% | 44.9% | 17.8% |
| Net marginTrailing twelve months | -8.5% | 8.6% | 2.8% |
| Return on equityProvider trailing return; positive equity only | — | 20.7% | 32.8% |
| Free cash flow marginTrailing free cash flow / revenue | — | 13.9% | 1.3% |
| Dividend yieldIndicated annual dividend / price | — | — | — |
| Earnings payoutProvider trailing dividend payout | 0.0% | 0.0% | 0.0% |
| Current ratioCurrent assets / current liabilities | 0.79x | 1.47x | 0.78x |
| BetaProvider historical market sensitivity | 0.84 | 0.95 | 0.72 |
YouTube · Q1 2026 · 2026-05-20
YouTube · Q1 2026 · 2026-05-02
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-25. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for UXIN
Q2 20262026-09-25
FREE RESEARCH PACKET · Q2 2026
UXIN: Volume Nearly Doubled. Gross Margin Turned Negative.
Retail volume rose 88.8%, but inventory markdowns pushed gross margin below zero while outside capital still supports liquidity.
Research published September 24, 2026 · Download original report
Read Research PacketUXIN Stock: Volume Nearly Doubled, Gross Margin Turned Negative — Q2 2026
Presentation · 2026-09-25 · YouTube