How have CANG shares performed in 2024?

Cango's stock was trading at $1.02 at the beginning of the year. Since then, CANG shares have increased by 38.2% and is now trading at $1.41. View the best growth stocks for 2024 here .

Are investors shorting Cango?

Cango saw a increase in short interest in 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 short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are short sold. 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 quarterly earnings results on Monday, March, 11th. The company reported ($0.13) EPS for the quarter. The business earned $18.34 million during the quarter. Cango had a negative net margin of 2.04% and a negative trailing twelve-month return on equity of 0.88%.

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

Cango updated its first quarter 2024 earnings guidance on Tuesday, March, 12th. The company provided earnings per share 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) .

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) served 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 .

NYSE:CANG

Cango (CANG) Stock Price, News & Analysis

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$1.41

-0.01 (-0.70%)

(As of 04/18/2024 ET)

Compare

Today's Range: $1.37
▼
$1.44
50-Day Range: $1.18
▼
$1.77
52-Week Range: $0.92
▼
$1.88

Volume: 18,165 shs
Average Volume: 55,221 shs
Market Capitalization: $190.05 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

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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

30 days | 90 days | 365 days | Advanced Chart

CANG Stock News Headlines

April 16, 2024 | msn.com

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April 15, 2024 | americanbankingnews.com

Cango Inc. (NYSE:CANG) Short Interest Update

April 19, 2024 | DTI (Ad)

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April 11, 2024 | finance.yahoo.com

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April 4, 2024 | msn.com

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April 3, 2024 | msn.com

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March 14, 2024 | ca.finance.yahoo.com

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March 14, 2024 | finance.yahoo.com

Cango Full Year 2023 Earnings: CN¥0.31 loss per share (vs CN¥8.11 loss in FY 2022)

March 13, 2024 | finance.yahoo.com

Cango's (NYSE:CANG) Returns On Capital Tell Us There Is Reason To Feel Uneasy

March 12, 2024 | finance.yahoo.com

Q4 2023 Cango Inc Earnings Call

March 12, 2024 | finance.yahoo.com

Cango Inc. (NYSE:CANG) Q4 2023 Earnings Call Transcript

March 11, 2024 | finance.yahoo.com

Cango Inc. Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

March 11, 2024 | prnewswire.com

Cango Inc. Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

March 5, 2024 | finance.yahoo.com

Cango Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on March 11, 2024 Eastern Time

February 27, 2024 | benzinga.com

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February 11, 2024 | forbes.com

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February 8, 2024 | au.finance.yahoo.com

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January 28, 2024 | bbc.co.uk

Afcon 2023: Egypt 1-1 DR Congo (aet, 7-8 on pens) - Mpasi the last-16 hero for Leopards

January 28, 2024 | ca.sports.yahoo.com

How to watch Egypt vs DR Congo: TV channel and live stream for AFCON game today

January 26, 2024 | msn.com

Jordan Pope hits 3-pointer at buzzer, Oregon State beats No. 9 Arizona 83-80

January 26, 2024 | finance.yahoo.com

Cango Announces Strategic Partnership with Caocao Mobility for Next-Generation Smart Mobility Ecosystem

January 23, 2024 | bbc.co.uk

Afcon 2023: Morocco 1-1 DR Congo - Achraf Hakimi scores but Silas secures point for Leopards

January 21, 2024 | msn.com

Morocco vs DR Congo LIVE! AFCON result, match stream and latest updates today

January 21, 2024 | msn.com

Morocco vs DR Congo LIVE! AFCON match stream, latest score and goal updates today

January 21, 2024 | bbc.com

Afcon 2023: Morocco 1-1 DR Congo - Silas Katompa Mvumpa secures point for Leopards

See More Headlines

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Company Calendar

Last Earnings: 3/11/2024
Today: 4/18/2024
Next Earnings (Estimated): 6/13/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NYSE:CANG
CUSIP: N/A
CIK: 1725123
Web: www.cangoonline.com
Phone: 862131835088
Fax: N/A
Employees: 827
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): ($0.07)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-5,330,000.00
Net Margins: -2.04%
Pretax Margin: 3.27%
Return on Equity: -0.88%
Return on Assets: -0.63%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.99
Quick Ratio: 4.13

Sales & Book Value

Annual Sales: $239.71 million
Price / Sales: 0.78
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.99 per share
Price / Book: 0.35

Miscellaneous

Outstanding Shares: 134,790,000
Free Float: 95,568,000
Market Cap: $186.01 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

Key Competitors

View All Competitors

CANG Stock Analysis - Frequently Asked Questions

How have CANG shares performed in 2024?: Cango's stock was trading at $1.02 at the beginning of the year. Since then, CANG shares have increased by 38.2% and is now trading at $1.41.
View the best growth stocks for 2024 here.
Are investors shorting Cango?: Cango saw a increase in short interest in 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 short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.
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 quarterly earnings results on Monday, March, 11th. The company reported ($0.13) EPS for the quarter. The business earned $18.34 million during the quarter. Cango had a negative net margin of 2.04% and a negative trailing twelve-month return on equity of 0.88%.

What guidance has Cango issued on next quarter's earnings?: Cango updated its first quarter 2024 earnings guidance on Tuesday, March, 12th. The company provided earnings per share 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) served 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 4/19/2024 by MarketBeat.com Staff

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