What is HC Wainwright's Estimate for Cango Q2 Earnings?

Key Points

• HC Wainwright forecasts Cango Inc. will report a Q2 2025 earnings per share of ($0.08), maintaining a "Buy" rating with a target price of $8.00.
• The company's stock performance shows a one-year low of $1.40 and a high of $9.66, with a market capitalization of $518.38 million.
• Multiple institutional investors have recently acquired new stakes in Cango, increasing the ownership by institutional investors and hedge funds to 4.22% of the stock.

Cango Inc. Sponsored ADR (NYSE:CANG - Free Report) - Stock analysts at HC Wainwright issued their Q2 2025 earnings per share (EPS) estimates for shares of Cango in a report issued on Wednesday, July 23rd. HC Wainwright analyst K. Dede forecasts that the company will post earnings per share of ($0.08) for the quarter. HC Wainwright has a "Buy" rating and a $8.00 price target on the stock. HC Wainwright also issued estimates for Cango's Q3 2025 earnings at ($0.28) EPS, Q4 2025 earnings at ($0.29) EPS, FY2025 earnings at ($0.99) EPS and FY2026 earnings at ($1.16) EPS.

Cango Price Performance

Shares of CANG traded up $0.10 during trading hours on Monday, hitting $4.87. The stock had a trading volume of 48,464 shares, compared to its average volume of 452,407. Cango has a 12 month low of $1.40 and a 12 month high of $9.66. The firm has a market capitalization of $504.89 million, a PE ratio of -243.18 and a beta of 0.70. The stock has a fifty day moving average price of $4.90 and a 200 day moving average price of $4.38.

Hedge Funds Weigh In On Cango

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nomura Holdings Inc. purchased a new position in Cango during the fourth quarter valued at $49,000. Boothbay Fund Management LLC purchased a new position in shares of Cango in the fourth quarter valued at about $57,000. Tidal Investments LLC purchased a new position in shares of Cango in the fourth quarter valued at about $120,000. Virtu Financial LLC purchased a new position in shares of Cango in the fourth quarter valued at about $190,000. Finally, Millennium Management LLC purchased a new position in shares of Cango in the fourth quarter valued at about $232,000. 4.22% of the stock is currently owned by hedge funds and other institutional investors.

Cango Company Profile

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.