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Why Uxin Stock Slid Again Today

TheMotleyFool

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Shares of Uxin (NASDAQ: UXIN) fell on Tuesday for the second straight session, dropping 20% as investors are still digesting a complicated second-quarter earnings report from the Chinese online used-car dealer. Essentially, Uxin lost a significant portion of its revenue after selling its loan facilitation business, resetting its business model a little more than a year after going public.

Image source: Uxin.

Uxin had announced in July that it was selling its loan facilitation business to Golden Pacer, a Chinese financial technology company, for $100 million, but the impact of the deal didn't become fully clear until Uxin reported second-quarter earnings.

Source Fool.com

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