Kaixin Auto Holdings (KXIN) AI Stock Analysis

• Market Cap: $7.25M
• Dividend Yield: N/A
• Average Volume (3M): 15.01M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.40
• Revenue Growth: -99.25%
• EPS Growth: 90.38%
• Country: US
• Employees: 19
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Dealerships
• EPS (TTM): -25.83
• Shares Outstanding: 945,274
• 10 Day Avg. Volume: 38,513,587
• 30 Day Avg. Volume: 15,013,883
• PEG Ratio: <0.01
• Price to Book (P/B): 0.18
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.79
• Enterprise Value/Market Cap: 0.01
• Enterprise Value/Revenue: 1.05
• Enterprise Value/Gross Profit: -0.05
• Enterprise Value/Ebitda: >-0.01
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $10.00 ▲(21.07% Upside)

The score is driven down primarily by severely weak financial performance (zero revenue in 2024, large losses, and ongoing cash burn), which outweighs only modest balance-sheet support from low debt. Technicals provide some near-term stabilization (above 20/50 DMA with neutral momentum), but the stock remains below longer-term averages. Valuation is constrained by negative earnings and no dividend yield data.

Positive Factors

Low reported debt

Modest reported leverage gives the company structural financial flexibility during a turnaround. Low debt reduces near-term solvency pressure, lowers fixed financing costs and preserves borrowing capacity, which can be critical while management executes operational recovery and integration plans.

Strategic acquisition to expand retail presence

The December 2025 acquisition represents a tangible, durable expansion of Kaixin’s wholesale/retail footprint. Performance‑contingent consideration aligns incentives and, if targets are met, could materially increase scale, local inventory access and dealer relationships, strengthening core transactional capabilities.

Integrated used-car transaction model

Kaixin’s combined online/offline used-car retailing plus financing facilitation is a structurally resilient business model with multiple revenue streams (vehicle sales, service fees, financing facilitation). If execution and sourcing stabilize, this integrated model supports recurring transaction flows and cross‑sell opportunities.

Negative Factors

Revenue collapse and sustained losses

A drop to zero reported revenue in 2024 paired with a large net loss signals severe operational deterioration. This is a structural red flag for revenue generation capacity and margin sustainability; without material, persistent revenue recovery the company faces an elevated going‑concern and viability risk.

Persistent cash burn and negative free cash flow

Negative operating and free cash flow indicate the business is consuming cash to operate rather than funding growth internally. Continued cash burn forces reliance on external financing or equity issuance, constraining strategic optionality, increasing dilution risk and limiting ability to invest in operations or acquisitions.

Material asset and equity erosion

A sharp contraction in assets and equity over recent periods weakens the firm’s capital base, reducing collateral for lenders and limiting capacity to scale inventory-driven operations. Sustained asset erosion also signals value destruction that is hard to reverse without consistent positive operating cash flows and profitable revenue recovery.

Kaixin Auto Holdings Business Overview & Revenue Model

Company Description

Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. As of December 31, 2021, the company had 14 used car dealerships covering 14 cities in 12 provinces in China. It also provides financing channels to customers and other in-network dealers through partnerships with financial institutions. Kaixin Auto Holdings is headquartered in Beijing, the People's Republic of China.

How the Company Makes Money

Kaixin Auto Holdings primarily generates revenue through the sale of used and new cars. The company operates a network of dealerships that facilitate the buying and selling of a diverse range of automobile brands. Additionally, Kaixin Auto offers value-added services such as financing, insurance, and after-sales services, which contribute to its revenue streams. The company's strategic partnerships with financial institutions and insurance providers enhance its ability to offer comprehensive automotive solutions to its customers. The combination of vehicle sales and ancillary services forms the core of Kaixin Auto's revenue model.

Kaixin Auto Holdings Financial Statement Overview

Summary

Income statement is extremely weak with revenue collapsing to $0 in 2024 and a sizable net loss (-$41.0M), signaling severe operating deterioration and viability risk. Cash flow remains negative (FCF about -$3.0M in 2024), indicating continued cash burn. Balance sheet leverage is modest (debt ~$1.1M vs. equity ~$13.2M), but assets/equity have contracted sharply and returns are deeply negative.

Income Statement

Profitability is extremely weak and deteriorating: the latest annual period (2024) shows zero revenue with a sizable net loss (-$41.0M), following steep multi-year revenue contraction (from $253.8M in 2021 to $82.8M in 2022 to $31.5M in 2023 to $0 in 2024). Margins are consistently negative/insufficient to cover operating costs, with persistent large operating losses (EBIT negative every year shown). While net loss narrowed versus 2023, the lack of revenue and ongoing losses materially raise business viability and going-concern risk.

Balance Sheet

Leverage appears modest in the most recent year (2024 debt of ~$1.1M against ~$13.2M equity), which is a key support. However, the balance sheet has weakened materially over time as assets and equity have contracted sharply (assets down to ~$24.6M in 2024 from ~$85.5M in 2023 and ~$74.2M in 2021). Returns on shareholders’ capital are deeply negative in recent periods (2024 return on equity around -3.11), indicating ongoing value erosion despite low reported debt.

Cash Flow

Cash generation is poor: operating cash flow is negative across recent years (about -$3.0M in 2024), and free cash flow is also negative (about -$3.0M in 2024), implying continued cash burn. Free cash flow did improve versus 2023 (positive growth rate), but that improvement is from a negative base and remains insufficient given continued net losses and lack of revenue. Overall cash flow trends suggest ongoing funding needs unless operations stabilize quickly.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	95.00K	0.00	31.54M	82.84M	253.84M	1.21M
Gross Profit	-1.94M	-3.94M	342.00K	646.00K	5.26M	1.00M
EBITDA	-23.71M	-37.63M	-50.77M	-81.83M	-195.63M	-160.00K
Net Income	-66.02M	-40.97M	-53.56M	-84.71M	-196.58M	-166.00K
Balance Sheet
Total Assets	20.77M	24.64M	85.53M	55.68M	74.16M	6.59M
Cash, Cash Equivalents and Short-Term Investments	552.00K	2.39M	2.08M	7.10M	5.26M	607.00K
Total Debt	150.00K	1.07M	2.97M	9.73M	10.81M	15.32M
Total Liabilities	9.67M	11.47M	18.62M	20.18M	36.08M	430.00K
Stockholders Equity	11.11M	13.17M	63.48M	31.32M	29.66M	6.16M
Cash Flow
Free Cash Flow	-3.08M	-3.04M	-2.50M	-2.45M	-2.10M	-1.14M
Operating Cash Flow	-3.06M	-3.02M	-2.11M	-2.39M	-2.10M	-1.14M
Investing Cash Flow	-40.50K	-26.00K	-3.13M	-156.00K	4.27M	-290.00K
Financing Cash Flow	3.98M	4.51M	1.01M	5.41M	2.00M	2.13M

Kaixin Auto Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8.26
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KXIN, the sentiment is Negative. The current price of 8.26 is below the 20-day moving average (MA) of 9.45, above the 50-day MA of 6.65, and below the 200-day MA of 21.30, indicating a bearish trend. The MACD of 0.44 indicates Positive momentum. The RSI at 29.15 is Positive, neither overbought nor oversold. The STOCH value of 14.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KXIN.

Kaixin Auto Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
CANG	57 Neutral	$437.88M	-0.43	-25.80%	―	1434.51%	-1207.73%
UXIN	50 Neutral	$694.79M	-17.34	―	―	―	―
KXIN	46 Neutral	$7.25M	>-0.01	-94.86%	―	-99.25%	90.38%
VRM	44 Neutral	$100.14M	-0.98	-52.02%	―	-81.31%	87.13%
AZI	39 Underperform	$7.30M	0.13	―	―	32.90%	―

Kaixin Auto Holdings Corporate Events

Kaixin Holdings Discloses Updated Share Count and Restricted Stock Structure

As of January 9, 2026, Kaixin Holdings reported that it had 24,806,448 ordinary shares outstanding, divided between 22,636,447 Class A ordinary shares and 2,170,001 Class B ordinary shares, each with a par value of US$1.35. The filing notes that nearly all of these shares are subject to restrictions, with 21,660,000 Class A shares and all Class B shares designated as restricted, signaling a tightly held capital structure that may limit the immediate free float available to public investors and could influence trading liquidity and control dynamics among existing stakeholders.

The most recent analyst rating on (KXIN) stock is a Sell with a $6.50 price target. To see the full list of analyst forecasts on Kaixin Auto Holdings stock, see the KXIN Stock Forecast page.

Kaixin Auto Holdings Acquires Zhejiang Ordinary Smile Auto Sales

On December 2, 2025, Kaixin Auto Holdings entered into a definitive securities purchase agreement to acquire Zhejiang Ordinary Smile Auto Sales Co., Ltd., a company involved in automobile wholesale and retail in China. The acquisition involves issuing up to $15 million in newly issued Class A ordinary shares, held in escrow and released based on five-year performance targets. This strategic move aims to enhance Kaixin’s market presence and operational capabilities in the automotive sector, with potential implications for stakeholders depending on the Target Company’s performance over the assessment period.

Kaixin Holdings Announces 1-for-30 Share Consolidation Effective December 1, 2025

Kaixin Holdings announced a share consolidation of its ordinary shares at a 1-for-30 ratio, effective December 1, 2025. This move, approved at the company’s annual general meeting on September 13, 2025, aims to streamline the company’s share structure, with class A ordinary shares continuing to trade on The Nasdaq Capital Market under the symbol ‘KXIN’. The consolidation reflects the company’s strategic efforts to enhance its market positioning and operational efficiency.