Cango’s (CANG) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of Cango (NYSE:CANG) in a research report report published on Tuesday morning,Benzinga reports. HC Wainwright currently has a $3.00 target price on the stock.

Several other equities analysts also recently commented on the stock. Zacks Research downgraded shares of Cango from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Greenridge Global upgraded shares of Cango to a “strong-buy” rating in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Cango currently has a consensus rating of “Moderate Buy” and an average target price of $3.00.

Cango Price Performance

Cango stock opened at $0.93 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.20 and a current ratio of 1.20. Cango has a 52 week low of $0.88 and a 52 week high of $2.10. The stock has a market capitalization of $193.81 million, a P/E ratio of -0.72 and a beta of 0.58. The stock has a fifty day moving average of $1.33 and a 200-day moving average of $3.09.

Cango (NYSE:CANG) last released its earnings results on Tuesday, December 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.39. The firm had revenue of $3.28 million for the quarter, compared to analysts’ expectations of $1.20 billion. Cango had a positive return on equity of 2.29% and a negative net margin of 46.40%.

Institutional Trading of Cango

A hedge fund recently raised its stake in Cango stock. BNP Paribas Financial Markets raised its position in shares of Cango Inc. Sponsored ADR (NYSE:CANG) by 34.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 15,923 shares of the company’s stock after purchasing an additional 4,082 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cango were worth $68,000 at the end of the most recent quarter. Institutional investors own 4.22% of the company’s stock.

Key Headlines Impacting Cango

Here are the key news stories impacting Cango this week:

• Positive Sentiment: Cango completed a sale of 4,451 BTC for roughly US$305 million (settled in USDT) and used the full proceeds to partially repay a Bitcoin‑collateralized loan, materially reducing leverage and improving liquidity. Article Title
• Positive Sentiment: HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target, signaling strong analyst upside (~220% from current levels) that can support investor interest. Article Title
• Neutral Sentiment: Cango released its 2025 letter to shareholders outlining a formal strategic shift from global Bitcoin mining toward building an AI compute/energy platform — provides a clearer long‑term roadmap but raises execution questions. Article Title
• Neutral Sentiment: Multiple independent outlets reported the transaction and framed it as a tactical move during a crypto market slump to fund the AI pivot, giving investors more third‑party confirmation of the company’s plan. Article Title
• Negative Sentiment: Selling a large BTC stake during a market slump may cap Cango’s upside from any future Bitcoin rally and could be interpreted as a sign the company needed liquidity; that weakens the pure‑mining investment thesis. Article Title
• Negative Sentiment: The shift into AI compute infrastructure introduces execution and capital‑intensity risks (new competition, hardware capex) and means investors must now assess operational execution beyond mining. Article Title

Cango Company Profile

Cango Inc (“Cango”) is a leading smart automotive transaction service provider in China, headquartered in Shanghai. The company operates an online‐to‐offline platform that integrates vehicle sourcing, financing, distribution and insurance, offering a comprehensive ecosystem for automakers, dealers and consumers. Leveraging big data analytics and cloud computing, Cango connects buyers and sellers through its proprietary digital infrastructure, facilitating transparent and efficient transactions across the automotive value chain.

Cango’s core offerings include auto financing solutions for new and used vehicles, extended consumer loans and wealth management products.