Cango (CANG) to Release Earnings on Thursday

Cango (NYSE:CANGGet Rating) is set to release its earnings data after the market closes on Thursday, June 9th. Analysts expect Cango to post earnings of $0.02 per share for the quarter. Cango has set its Q1 2022 guidance at EPS.

Cango (NYSE:CANGGet Rating) last issued its quarterly earnings results on Thursday, March 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The firm had revenue of $164.85 million for the quarter, compared to the consensus estimate of $174.48 million. Cango had a negative net margin of 0.10% and a negative return on equity of 0.05%. During the same period in the previous year, the business posted $1.59 earnings per share. On average, analysts expect Cango to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NYSE CANG traded up $0.02 on Tuesday, reaching $3.29. 400 shares of the stock traded hands, compared to its average volume of 384,117. The firm’s fifty day simple moving average is $2.86 and its 200 day simple moving average is $3.03. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.07. The company has a market cap of $459.74 million, a price-to-earnings ratio of -328.67 and a beta of 0.73. Cango has a 12 month low of $1.95 and a 12 month high of $6.05.

The business also recently disclosed a — dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, May 25th will be paid a dividend of $0.98 per share. The ex-dividend date is Tuesday, May 24th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new stake in shares of Cango during the 4th quarter worth $41,000. Morgan Stanley boosted its stake in shares of Cango by 95.7% during the 1st quarter. Morgan Stanley now owns 5,236 shares of the company’s stock worth $44,000 after acquiring an additional 2,560 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Cango by 28.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 20,100 shares of the company’s stock valued at $63,000 after purchasing an additional 4,500 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Cango by 55.2% in the third quarter. Jane Street Group LLC now owns 22,031 shares of the company’s stock valued at $89,000 after purchasing an additional 7,836 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in shares of Cango in the first quarter valued at $90,000. 22.51% of the stock is owned by institutional investors and hedge funds.

Cango Company Profile (Get Rating)

Cango Inc operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the People's Republic of China. The company offers automobile trading solutions, including car sourcing, logistics, and warehousing support for dealers; and facilitation of car purchases for car buyers.

See Also

Earnings History for Cango (NYSE:CANG)

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