NYSE:CANG

Cango (CANG) Stock Price, News & Analysis

$1.34
-0.06 (-4.29%)
(As of 04/22/2024 ET)
Today's Range
$1.32
$1.44
50-Day Range
$1.19
$1.77
52-Week Range
$0.92
$1.88
Volume
34,209 shs
Average Volume
54,396 shs
Market Capitalization
$180.62 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
CANG stock logo

About Cango Stock (NYSE:CANG)

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 comprising car sourcing, logistics, and warehousing support for dealers through Cango Haoche app that offers new-car transaction services, and Cango U-Car app that offers used-car transaction services; and facilitation of car purchases for car buyers. It also provides automotive financing services that include facilitating financing transactions from financial institutions to car buyers; and after-market services to car buyers, which includes facilitating the sale of insurance policies from insurance brokers or companies. The company was founded in 2010 and is headquartered in Shanghai, the People's Republic of China.

CANG Stock Price History

CANG Stock News Headlines

Cango Inc. (NYSE:CANG) Short Interest Update
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Q4 2023 Cango Inc Earnings Call
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Company Calendar

Last Earnings
3/11/2024
Today
4/22/2024
Next Earnings (Estimated)
6/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
827
Year Founded
N/A

Profitability

Net Income
$-5,330,000.00
Pretax Margin
3.27%

Debt

Sales & Book Value

Annual Sales
$239.71 million
Book Value
$3.99 per share

Miscellaneous

Free Float
95,568,000
Market Cap
$180.62 million
Optionable
Not Optionable
Beta
0.88
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Key Executives

  • Mr. Xiaojun Zhang (Age 52)
    Co-Founder & Chairman of the Board
  • Mr. Jiayuan Lin (Age 55)
    Co-Founder, CEO & Director
  • Mr. Yongyi Zhang (Age 51)
    CFO & Director

CANG Stock Analysis - Frequently Asked Questions

How have CANG shares performed in 2024?

Cango's stock was trading at $1.02 at the start of the year. Since then, CANG shares have increased by 31.4% and is now trading at $1.34.
View the best growth stocks for 2024 here
.

Are investors shorting Cango?

Cango saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 27,700 shares, an increase of 31.9% from the March 15th total of 21,000 shares. Based on an average trading volume of 60,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company's stock are sold short.
View Cango's Short Interest
.

When is Cango's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 13th 2024.
View our CANG earnings forecast
.

How were Cango's earnings last quarter?

Cango Inc. (NYSE:CANG) announced its earnings results on Monday, March, 11th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company earned $18.34 million during the quarter. Cango had a negative trailing twelve-month return on equity of 0.88% and a negative net margin of 2.04%.

What guidance has Cango issued on next quarter's earnings?

Cango issued an update on its first quarter 2024 earnings guidance on Tuesday, March, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $7.0 million-$14.1 million.

What other stocks do shareholders of Cango own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cango investors own include Gilead Sciences (GILD), BCE (BCE), Altria Group (MO), Algonquin Power & Utilities (AQN), Cinemark (CNK), GSK (GSK), International Business Machines (IBM), Marathon Petroleum (MPC), NVIDIA (NVDA) and Pfizer (PFE).

When did Cango IPO?

Cango (CANG) raised $138 million in an initial public offering (IPO) on Thursday, July 26th 2018. The company issued 12,500,000 shares at $10.00-$12.00 per share. Morgan Stanley, BofA Merrill Lynch and Goldman Sachs (Asia) acted as the underwriters for the IPO.

How do I buy shares of Cango?

Shares of CANG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CANG) was last updated on 4/23/2024 by MarketBeat.com Staff

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