BofA Securities analyst Michael McGovern believes Carvana is well-positioned for long-term growth in the fragmented used car market. He expects the company to continue improving unit economics and leverage as growth accelerates, leading to a projected 2025 revenue of $15.45 billion and EBITDA of $1.50 billion.
Uxin, a Chinese used car superstore company, has received a $15 million lifeline from ride-sharing company Dida, as Uxin continues to struggle financially. This investment, split between a share purchase and a loan, comes at a crucial time for Uxin, which has been burning through cash in its bid to achieve profitability. Despite facing stiff competition and a slowing Chinese economy, Uxin is aiming for profitability by the end of the year.
Karl Brauer, executive analyst at automotive research firm ISeeCars.com, provided insights into the company’s first-quarter earnings. The company experienced a 12.5% increase in revenue compared to the same period last year, driven by a surge in demand for used cars and a rise in average transaction prices.
