What Caused Kaixin Holdings (KXIN) to Surge More Than 21% in After-Hours Trading?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2025
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Source: Benzinga
Stock Performance: Kaixin Holdings (KXIN) shares surged 21.61% in after-hours trading to $3.77, following a significant drop of 25.48% during the regular session, closing at $3.10.
Acquisition Agreement: The company announced a securities purchase agreement to acquire 100% equity in Zhejiang Ordinary Smile Auto Sales Co., Ltd. from Fangle Lai, with the deal involving up to $15 million in newly issued Class A ordinary shares.
Performance Milestones: The acquisition includes performance targets that require the target company to achieve rising annual revenues, starting from RMB 665 million ($94.2 million) in the first year to RMB 974 million ($137.9 million) by the fifth year.
Year-to-Date Decline: Despite the after-hours increase, KXIN shares are down 93.42% year to date, with a market capitalization of $3.53 million and a 52-week trading range of $2.94 to $75.
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Analyst Views on KXIN
About KXIN
Kaixin Holdings, formerly Kaixin Auto Holdings, is a holding company that primarily sells used vehicles and related products and services. The Company also offers third-party financing and value-added services including extended warranties and insurance. The Company sells premium used cars via online and offline sales channels, which include brands such as Audi, BMW, Mercedes-Benz, Land Rover and Porsche. It displays vehicles at its brick-and-mortar showrooms as well as on its Kaixin Auto mobile apps and website. The Company mainly conducts its businesses in the China market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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