Company Overview - Uxin Limited is recognized as China's leading used car retailer, focusing on industry transformation through advanced production, new retail experiences, and digital empowerment [4] - The company offers high-quality vehicles and superior after-sales services via a reliable, one-stop transaction experience [4] - Uxin employs an omni-channel strategy, utilizing an online platform to serve customers nationwide and establishing market leadership through offline superstores with inventory capacities ranging from 2,000 to 8,000 vehicles [4] - With over ten years of operation, Uxin has developed strong used car management and operational capabilities, emphasizing a customer-centric approach [4] Upcoming Event - Uxin has been invited to present at the Emerging Growth Conference on July 17th, 2025, from 9:40 to 10:10 a.m. ET [1] - The presentation will be led by Mr. Feng Lin, Chief Financial Officer, who will also open the floor for questions from investors and analysts [2] - An archived webcast of the event will be available for those unable to attend live [3] Conference Details - The Emerging Growth Conference serves as a platform for public companies to present new products, services, and major announcements to the investment community [5] - The conference covers a wide range of growth sectors and attracts a large audience, including individual and institutional investors, as well as investment advisors and analysts [6]

So last night we get this call from Gary and George. He wanted to know about what's next for Carvana. That's a digital first used car retailer.He has given the stocks had a huge run this year. I told him I believe in Carvana, not necessarily as a short-term trading vehicle, but as a long-term investment because I believe in the leadership of CEO Ernie Garcia, who's created a tremendous amount of value over the years, been on the show a couple times. I enjoy the way he thinks.Tonight I want to dig deep. You ...

Market Overview - U.S. stock markets experienced a successful June, with the Dow, S&P 500, and Nasdaq Composite increasing by 4%, 5.7%, and 5.7% respectively, closing at record-high levels for the first half of 2025 [1] - Despite this success, the first half of 2025 marked the weakest performance for the indexes since 2022, with potential catalysts for the second half including a U.S.-China trade deal, anticipated interest rate cuts by the Fed, and reduced recession fears [2] Imaginary Portfolio - An imaginary diversified portfolio was created, consisting of five stocks that each gained over 50% in the first half of 2025, with further upside potential indicated by favorable Zacks Ranks [3][4] Company Highlights Jabil Inc. (JBL) - Jabil is benefiting from strong momentum in capital equipment, AI-powered data center infrastructure, and digital commerce, with a focus on product diversification [7] - Expected revenue and earnings growth rates for Jabil are 5.9% and 18.5% respectively for the next year, with a 9% improvement in the Zacks Consensus Estimate for next-year earnings over the last 30 days [9] Howmet Aerospace Inc. (HWM) - Howmet Aerospace is experiencing growth in the commercial aerospace market, supported by robust build rates and recovery in wide-body aircraft, along with strength in its defense aerospace business [10] - Expected revenue and earnings growth rates for Howmet are 8.5% and 29% respectively for the current year, with a 0.3% improvement in the Zacks Consensus Estimate for current-year earnings over the last seven days [11] CVS Health Corp. (CVS) - CVS Health is investing in technology to reduce costs and enhance customer experience, with improved Medicare Advantage star ratings aiding its position [12] - Expected revenue and earnings growth rates for CVS are 3.5% and 12.6% respectively for the current year, with a 2.3% improvement in the Zacks Consensus Estimate for current-year earnings over the last 60 days [14] Carvana Co. (CVNA) - Carvana's acquisition of ADESA's U.S. operations has strengthened its logistics and auction capabilities, with expectations for year-over-year growth in retail unit sales [15][16] - Expected revenue and earnings growth rates for Carvana are 32.1% and over 100% respectively for the current year, with a 7.8% improvement in the Zacks Consensus Estimate for current-year earnings over the last 30 days [17] NRG Energy Inc. (NRG) - NRG Energy operates in the energy and home services sector, producing electricity from various sources and expanding operations through both organic and inorganic initiatives [18][19] - Expected revenue and earnings growth rates for NRG are 2.6% and 17% respectively for the current year, with a 2.8% improvement in the Zacks Consensus Estimate for current-year earnings over the last 60 days [20]

Core Insights - Carvana Co. (CVNA) utilizes a technology-driven assembly-line process to recondition used vehicles, allowing efficient transformation into retail-ready inventory for direct delivery to customers [1] Company Goals and Performance - Carvana has set a long-term target of achieving 3 million vehicle sales annually, requiring an increase in production to approximately 90 units per week over the next 10 years, or 180 units per week for a 5-year goal, which the company considers attainable [2][10] - The company has increased its production capacity by an average of 80 units per week over the past year due to rising inventory levels and growing consumer demand [3] Market Position - The target of 3 million annual sales represents about 7.5% of the 40-million-unit U.S. used vehicle market, which is considered a modest share compared to leading players in comparable retail sectors [4] - Competitors like Group 1 Automotive and Lithia Motors have been expanding their geographical footprints to boost sales, although they have not set ambitious annual sales goals [5] Competitor Activities - Group 1 Automotive has acquired three U.S. dealerships, adding approximately $430 million in annualized revenues [6] - Lithia Motors has strengthened its presence in the southeastern U.S. through acquisitions expected to contribute around $400 million in annualized revenues [7] Financial Performance - Carvana's stock has outperformed the Zacks Internet – Commerce industry, with shares gaining 50.7% year to date compared to the industry's growth of 3.9% [8] - From a valuation perspective, Carvana appears overvalued with a forward price/sales ratio of 3.23, higher than the industry's 2.01 [12] Earnings Estimates - The Zacks Consensus Estimate for 2025 and 2026 EPS has increased by 36 cents and 5 cents, respectively, in the past 30 days [13]

Core Insights - CarMax reported a 6% year-over-year increase in total sales to $7.5 billion for Q1 FY2026, with used unit comps rising by 8.1% and a record diluted EPS of $1.38, reflecting a 42% year-over-year growth [1] Funding Strategy and Risk Mitigation - CarMax Auto Finance (CAF) originated over $2.3 billion in loans with a 41.8% penetration rate, earmarking a $632 million principal balance of non-prime receivables for off-balance sheet sale, marking the company's first such move [3][4] - Total loan loss provisions increased to $102 million, resulting in a reserve balance of $474 million, or 2.76% of managed receivables excluding loans held for sale [3] Operational Advancements and Margin Expansion - Digital engagement accounted for 80% of retail sales in Q1 FY2026, with SG&A expenses growing only 3% despite a 9% increase in retail unit sales, achieving "omnicost neutrality" on three key efficiency metrics [5][6] - The deployment of AI technology, including the Sky AI virtual assistant, led to a 30% year-over-year improvement in customer self-service containment and a 24% increase in consultant productivity [7][9] Future Outlook - Management anticipates continued positive retail unit comp growth and market share gains for the remainder of FY2026, with service margins expected to remain positive [10]

BEIJING, June 12, 2025 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced its unaudited financial results for the quarter ended March 31, 2025.Highlights for the Quarter Ended March 31, 2025 Transaction volume was 8,264 units for the three months ended March 31, 2025, a decrease of 12.4% from 9,439 units in the last quarter and an increase of 103.6% from 4,058 units in the same period last year. Retail transaction volume was 7,545 units, ...

BEIJING, June 6, 2025 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced that it will release its financial results for the first quarter 2025 ended March 31, 2025, before the U.S. market opens on June 12, 2025.Uxin's management team will host a conference call on Thursday, June 12, 2025, at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong time on the same day) to discuss the financial results. In advance of the conference call, ...

Core Viewpoint - Jim Chanos, a renowned investor, is shorting Carvana, a used-car retailer, and believes the company is overvalued despite market perceptions of a turnaround [1][2]. Company Analysis - Carvana is perceived by the market as undergoing a significant turnaround, but it continues to incur losses and is cyclical in nature [2]. - The company's gross profit margins are inflated due to aggressive accounting practices that exclude many costs typically included by other auto dealers [3]. - Carvana's income is heavily reliant on financing rather than car sales, with subprime loans accounting for 122% of its income in the latest quarter [4]. - The stock has experienced extreme volatility, initially going public at $15 per share in 2017, peaking at around $370 in early 2021, and then plummeting to below $5 by 2022 before recovering to approximately $250 by the end of 2024 [5][6]. - As of June 2025, Carvana's enterprise value reached $73 billion, close to an all-time high, with the stock up 70% to $343 per share since early April [6]. Market Sentiment - Short interest in Carvana stock has decreased to below 10%, indicating a potential correction as it was previously one of the most shorted stocks [7]. - A significant amount of stock, valued at $1.7 billion, was sold by company executives in May, suggesting a lack of confidence in the company's future [8]. Broader Industry Context - Chanos is also shorting companies that have benefited from the AI hype but are expected to struggle, drawing parallels to the dot-com bubble [12][13]. - He has identified IT consultants and body shops, such as IBM, as companies that may face significant challenges due to outdated business models and high valuations despite stagnant growth [13].

Summary of Carvana's Conference Call Company Overview - **Company**: Carvana - **Industry**: Used Car Retailing Key Points and Arguments 1. **Growth Trajectory**: Carvana has experienced significant growth, increasing approximately 16 times over the past eight years, with an adjusted EBITDA margin improvement from negative 20% to 11.5% in Q1 [5][24] 2. **Record Performance**: In Q1, Carvana sold approximately 134,000 retail units, achieving an annualized run rate of over half a million units, making it the second-largest seller of used cars in the U.S. [6][34] 3. **Profitability Metrics**: The company reported record adjusted EBITDA of nearly $500 million and GAAP operating income of approximately $400 million for the quarter [7][34] 4. **Market Share Growth**: Carvana's retail units sold grew by 46% year-over-year, significantly outpacing other large players in the industry, which saw growth in the low single digits [8][34] 5. **Customer Experience**: The company has invested in creating a seamless online customer experience, which has resonated well with customers and is expected to drive future growth [11][12] 6. **E-commerce Adoption**: Carvana is positioned early in the e-commerce adoption curve for auto sales, with current penetration at 1-2%, compared to 18-19% in other retail sectors, indicating substantial growth potential [15][16] 7. **Selection and Inventory**: The unique nature of the used vehicle market allows for a vast number of SKUs, providing opportunities for Carvana to expand its selection and improve customer satisfaction [17][19] 8. **Long-term Goals**: Carvana aims to sell 3 million cars per year within 5-10 years, targeting adjusted EBITDA margins of 13.5% [24][27] 9. **Operational Scalability**: The acquisition of the ADESA physical auction network has enhanced Carvana's national footprint, facilitating more efficient scaling of operations [29][30] 10. **Production Capacity**: The company is currently adding about 80 units of production capacity per week across its locations, with plans to integrate more ADESA sites into its operations [31][32] Additional Important Insights - **Customer Trust and Brand Awareness**: Building awareness and trust in Carvana's online offering is seen as a critical long-term growth driver [14][16] - **Positive Feedback Loops**: Increased selection leads to more efficient advertising and improved customer experience, creating a cycle of growth [18][19] - **Financial Performance**: Carvana has maintained strong margins, converting over 80% of adjusted EBITDA into GAAP operating income in Q1 [22][34] - **Future Execution**: The company emphasizes the importance of operational execution at scale to achieve its ambitious growth targets [28][34]

Market Overview - Wall Street experienced a significant rally in May, driven by expectations of a U.S.-China trade deal and delays in tariff imposition by the Trump administration on the European Union, which boosted confidence in equities [1] - The market rally is expected to continue in June, supported by declining inflation rates, with the personal consumption expenditures price index rising only 0.1% month-over-month and 2.1% year-over-year, marking its lowest level since 2025 [4] Recommended Growth Stocks - Five growth stocks are recommended for June, all of which have shown double-digit returns in the last month and possess a favorable Zacks Rank [2][3] - The recommended stocks are AppLovin Corp. (APP), Amphenol Corp. (APH), Intuit Inc. (INTU), Carvana Co. (CVNA), and Stantec Inc. (STN), each with a Zacks Rank 1 (Strong Buy) and a Growth Score of A or B [3] AppLovin Corp. (APP) - AppLovin is focused on enhancing marketing and monetization for mobile app developers through its software-based platform [7] - The company reported strong fundamentals, with an expected revenue growth rate of 24.3% and earnings growth of 85.2% for the current year, driven by its AI-powered AXON 2.0 technology [10][9] Amphenol Corp. (APH) - Amphenol provides connectivity solutions utilizing AI and machine learning technologies, with a diversified business model that supports growth across various sectors [11][12] - The company anticipates a revenue growth rate of 32.3% and earnings growth of 40.7% for the current year, bolstered by increased defense spending and the Andrew acquisition [13] Intuit Inc. (INTU) - Intuit benefits from steady revenues across its Online Ecosystem and Desktop business segments, with strong performance in its Credit Karma and cloud-based services [14][15] - The expected revenue growth rate for Intuit is 14.8%, with earnings growth projected at 18% for the current year [17] Carvana Co. (CVNA) - Carvana's acquisition of ADESA's U.S. operations has enhanced its logistics and auction capabilities, positioning it for significant growth in the used car market [18] - The company expects a revenue growth rate of 31.4% and more than 100% earnings growth for the current year, with a focus on improving operational efficiency [20] Stantec Inc. (STN) - Stantec provides a range of professional consulting services in planning, engineering, and environmental sciences, focusing on infrastructure and facilities projects [22][23] - The expected revenue growth rate for Stantec is 11.1%, with earnings growth projected at 18.6% for the current year [24]