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Cubist Systematic Strategies LLC Takes $243,000 Position in Cango Inc. Sponsored ADR $CANG

Written by MarketBeat
September 14, 2025
Cango logo with Computer and Technology background

Key Points

  • Cubist Systematic Strategies LLC has acquired a new position in Cango Inc. Sponsored ADR, purchasing approximately 63,993 shares valued at around $243,000.
  • Several hedge funds, including Nomura Holdings and Millennium Management, have recently increased their stakes in Cango, indicating growing institutional interest in the company.
  • Cango's stock currently has a buy rating from analysts, with an average target price of $8.00, despite recent trading down by 1.5% to $4.58.
  • Five stocks we like better than Cango.

Cubist Systematic Strategies LLC purchased a new stake in Cango Inc. Sponsored ADR (NYSE:CANG - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 63,993 shares of the company's stock, valued at approximately $243,000. Cubist Systematic Strategies LLC owned 0.06% of Cango at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Cetera Investment Advisers boosted its stake in shares of Cango by 102.0% in the first quarter. Cetera Investment Advisers now owns 115,361 shares of the company's stock valued at $437,000 after buying an additional 58,240 shares during the period. Invesco Ltd. bought a new stake in shares of Cango in the first quarter valued at approximately $343,000. Millennium Management LLC bought a new stake in shares of Cango in the fourth quarter valued at approximately $232,000. Tidal Investments LLC bought a new stake in shares of Cango in the fourth quarter valued at approximately $120,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Cango in the fourth quarter valued at approximately $49,000. 4.22% of the stock is currently owned by institutional investors.

Cango Price Performance

Shares of CANG remained flat at $4.58 during midday trading on Friday. The stock had a trading volume of 439,010 shares, compared to its average volume of 507,313. Cango Inc. Sponsored ADR has a one year low of $1.46 and a one year high of $9.66. The company's 50 day moving average price is $4.93 and its two-hundred day moving average price is $4.45. The company has a market cap of $475.33 million, a PE ratio of -1.59 and a beta of 0.77.

Analyst Ratings Changes

Separately, HC Wainwright restated a "buy" rating and set a $8.00 target price on shares of Cango in a research note on Friday, September 5th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $8.00.

Check Out Our Latest Research Report on CANG

Cango Profile

(Free Report)

Cango Inc operates an automotive transaction service platform that connects dealers, original equipment manufacturers, financial institutions, car buyers, insurance brokers, and companies in the People's Republic of China. The company offers automobile trading solutions comprising car sourcing, transaction facilitation, 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.

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Institutional Ownership by Quarter for Cango (NYSE:CANG)

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