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Cango Inc. (CANG)

NYSE: CANG · IEX Real-Time Price · USD
4.11
-0.14 (-3.29%)
After-hours:Sep 24, 2021 7:00 PM EDT
4.25
0.10 (2.41%)
At close: Sep 24, 4:00 PM
Market Cap599.87M
Revenue (ttm)554.29M
Net Income (ttm)557.15M
Shares Out145.95M
EPS (ttm)3.71
PE Ratio1.15
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume232,290
Open4.20
Previous Close4.15
Day's Range4.11 - 4.25
52-Week Range3.33 - 17.65
Beta1.13
AnalystsHold
Price Target6.60 (+55.3%)
Est. Earnings DateNov 22, 2021

About 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, including car sourcing, logistics, and warehousing support for dealers, as well as software as a service solutions; and facilitation of car purchases for car buyers. It also facilitates automotive financing services that include facilitating financing transactions from financial...

IndustryInternet & Direct Marketing Retail
IPO DateJul 26, 2018
Employees3,009
Stock ExchangeNYSE
Ticker SymbolCANG
Full Company Profile

Financial Performance

In 2020, Cango Inc.'s revenue was 2.05 billion, an increase of 42.52% compared to the previous year's 1.44 billion. Earnings were 3.37 billion, an increase of 761.96%.

Financial numbers in millions CNYFinancial Statements

Analyst Forecast

According to one analyst, the rating for Cango Inc. stock is "Hold" and the 12-month stock price forecast is 6.60.

Price Target
$6.60
(55.29% upside)
Analyst Consensus: Hold

News

CANGO Auto View: China's Burgeoning Autonomous Driving Market

SHANGHAI, Sept. 3, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called ...

3 weeks ago - PRNewsWire

CANGO Auto View: The Time for Automotive-Grade Chips is Now

SHANGHAI , Aug. 27, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called...

4 weeks ago - PRNewsWire

Why Is Cango Stock Trading Higher Today?

The Cango Inc (NYSE: CANG) stock is up 7.54% at $3.85 in the premarket session on the last check Friday. The Chinese automotive transaction service platform clocked Q2 revenue growth of 245.5% year-on-y...

1 month ago - Benzinga

CANGO Auto View: Investors Eye Vehicle Technologies as Next Big Thing

SHANGHAI, Aug. 20, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called ...

1 month ago - PRNewsWire

Cango Inc. Announces Up to US$50 Million New Share Repurchase Program

SHANGHAI, Aug. 19, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that its board of directors has au...

1 month ago - PRNewsWire

Cango Inc. Reports Second Quarter 2021 Unaudited Financial Results

SHANGHAI, Aug. 19, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its unaudited financial results fo...

1 month ago - PRNewsWire

Cango Inc. to Report Second Quarter 2021 Financial Results on August 19, 2021 Eastern Time

SHANGHAI, Aug. 16, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it plans to release its secon...

1 month ago - PRNewsWire

CANGO Auto View: New Era for Smart Vehicles - Tech Companies Disrupt Auto Industry Chain

SHANGHAI, Aug. 13, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called ...

1 month ago - PRNewsWire

CANGO Auto View: Developing Auto Intelligence Amid a Worldwide Industry Shift Toward Autonomous Driving

SHANGHAI, Aug. 6, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "...

1 month ago - PRNewsWire

CANGO Auto View: Electrification at the Heart of China's New Energy Vehicle Market

SHANGHAI , July 30, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called...

1 month ago - PRNewsWire

CANGO Auto View: China's Automobile Industry - at the Brink of a New Era

SHANGHAI, July 23, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called ...

2 months ago - PRNewsWire

CANGO Auto View: New infrastructure building - a basic foundation for smart vehicles

SHANGHAI , July 16, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called...

2 months ago - PRNewsWire

CANGO Auto View: The unparalleled value of human-vehicle interaction

SHANGHAI, July 9, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "...

2 months ago - PRNewsWire

CANGO Auto View: Riding a building investment momentum, smart vehicles herald the future of mobility

SHANGHAI, July 2, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "...

2 months ago - PRNewsWire

New Strong Sell Stocks for July 1st

BNL, CANG, CXP, FHB and ITRG have been added to the Zacks Rank #5 (Strong Sell) List on July 1, 2021.

Other symbols:BNLCXPFHBITRG
2 months ago - Zacks Investment Research

New Strong Sell Stocks for June 28th

BNL, CANG, TFFP, AJRD and SJW have been added to the Zacks Rank #5 (Strong Sell) List on June 28, 2021.

Other symbols:AJRDBNLSJWTFFP
2 months ago - Zacks Investment Research

CANGO Auto View: Battery manufacturers harness new tech to boost efficiency and trim costs

SHANGHAI, June 25, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called ...

3 months ago - PRNewsWire

CANGO Auto View: Behind the takeoff of NEVs: Who will win the battle of power battery technology?

SHANGHAI, June 18, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called ...

3 months ago - PRNewsWire

New Strong Sell Stocks for June 8th

ASLN, CANG, ESLT, GCI, and KRYS have been added to the Zacks Rank #5 (Strong Sell) List on June 8, 2021.

Other symbols:ASLNESLTGCIKRYS
3 months ago - Zacks Investment Research

Cango Inc. Reports First Quarter 2021 Unaudited Financial Results

SHANGHAI, May 31, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its unaudited financial results for...

3 months ago - PRNewsWire

Cango Inc. to Report First Quarter 2021 Financial Results on May 31, 2021 Eastern Time

SHANGHAI, May 24, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it plans to release its first ...

4 months ago - PRNewsWire

Cango Inc. Filed Its Annual Report on Form 20-F

SHANGHAI, April 27, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it filed its annual report o...

4 months ago - PRNewsWire

Cango's Subsidiary Forms Strategic Cooperation with Zhengzhou Nissan

SHANGHAI, April 20, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its subsidiary Shanghai Cango Net...

5 months ago - PRNewsWire

4 Stocks with Promise in the Recovering Internet Services Industry

4 Stocks with Promise in the Recovering Internet Services Industry

5 months ago - Zacks Investment Research

3 Companies With Upcoming Special Dividends as of March

According to the Upcoming Special Dividends page, a Premium feature of GuruFocus, three companies that are due to pay a lump sum dividend over the next few weeks are Cango Inc. (NYSE:CANG), Sixth Street...

Other symbols:NATRTSLX
6 months ago - GuruFocus