Kaixin Auto Holdings (KXIN) AI Stock Analysis

• Market Cap: $46.64M
• Dividend Yield: N/A
• Average Volume (3M): 15.01M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.45
• 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: 0.02
• Price to Book (P/B): 5.44
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -23.60
• Enterprise Value/Market Cap: 8.39
• Enterprise Value/Revenue: 4.12K
• Enterprise Value/Gross Profit: -201.85
• Enterprise Value/Ebitda: -16.49
• 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: 40 Underperform
• Price Target: $6.50 ▲(27.95% Upside)

The score is driven primarily by extremely weak financial performance (revenue collapse to zero, ongoing losses, and continued cash burn). Technicals add further risk given a broader downtrend and negative MACD, while valuation provides little support due to negative earnings and no dividend.

Positive Factors

Low Reported Leverage

Modest reported leverage (roughly $1.1M debt against ~$13.2M equity) reduces near-term solvency pressure and interest burden. This balance-sheet cushion provides durable runway for restructuring, M&A or operational fixes over the next several quarters.

Strategic Automotive Acquisition

Definitive purchase of Zhejiang Ordinary Smile Auto Sales (consideration up to $15M in newly issued Class A shares, released on performance) strengthens Kaixin's wholesale/retail footprint. This materially enhances core distribution capability and supports longer-term revenue rebuilding.

Capital Access Optionality

Filing of a $296M mixed securities shelf signals structural access to equity/debt markets. This durable financing optionality gives management flexibility to fund acquisitions, shore up liquidity, or invest in rebuilding operations across a multi-quarter turnaround.

Negative Factors

Revenue Collapse

Revenue declining to zero in 2024 after a multi-year collapse destroys scale, weakens platform/network effects and supplier relationships, and eliminates fixed-cost absorption. Restoring sustainable top-line is a multi-quarter structural challenge and heightens viability risk.

Sustained Cash Burn

Consistently negative operating and free cash flow (~-$3.0M in 2024) indicates ongoing cash burn. Persistent negative cash generation will require recurring financing or asset monetization, constraining strategic options and increasing the risk of dilution or solvency strain.

Dilution & Strategic Drift Risk

Share-sale filings, a large shelf and plans to issue shares for acquisitions (Honglu, XINGCAN) create meaningful dilution risk. Coupled with moves into digital assets and AI/animation, this signals strategic drift and elevated execution risk that can erode shareholder value over time.

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

Financials indicate severe operating weakness: 2024 revenue is $0 with a large net loss (-$41.0M) after a multi-year revenue collapse. Cash flow remains negative (operating and free cash flow about -$3.0M in 2024). Low reported debt supports the balance sheet, but shrinking assets/equity and deeply negative returns point to continued financial pressure and elevated going-concern risk.

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: Neutral
• Last Price: 5.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KXIN, the sentiment is Neutral. The current price of 5.08 is above the 20-day moving average (MA) of 5.00, below the 50-day MA of 13.47, and below the 200-day MA of 22.60, indicating a neutral trend. The MACD of -0.85 indicates Negative momentum. The RSI at 52.72 is Neutral, neither overbought nor oversold. The STOCH value of 92.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	$537.56M	-0.52	-25.80%	―	1434.51%	-1207.73%
UXIN	50 Neutral	$744.27M	-18.58	―	―	―	―
KXIN	40 Underperform	$46.64M	-0.04	-94.86%	―	-99.25%	90.38%
AZI	39 Underperform	$10.64M	9.28	―	―	32.90%	―
VRM	38 Underperform	$95.15M	-0.94	-52.02%	―	-81.31%	87.13%

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.