NYSE:CANG

Cango Stock Forecast, Price & News

$5.32
-0.29 (-5.17 %)
(As of 06/15/2021 11:32 AM ET)
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Today's Range
$5.28
$5.61
50-Day Range
$5.10
$8.49
52-Week Range
$4.56
$19.60
Volume4,930 shs
Average Volume574,089 shs
Market Capitalization$797.36 million
P/E Ratio1.71
Dividend Yield4.14%
Beta1.18
30 days | 90 days | 365 days | Advanced Chart
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Cango logo

About Cango

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 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.

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MarketRank

Overall MarketRank

1.84 out of 5 stars

Computer And Technology Sector

166th out of 1,586 stocks

Prepackaged Software Industry

44th out of 311 stocks

Analyst Opinion: 0.0Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 3.8 5 -4 -3 -2 -1 -
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Cango (NYSE:CANG) Frequently Asked Questions

What stocks does MarketBeat like better than Cango?

Wall Street analysts have given Cango a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cango wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Cango?

Cango saw a increase in short interest in May. As of May 28th, there was short interest totaling 1,170,000 shares, an increase of 29.5% from the May 13th total of 903,500 shares. Based on an average trading volume of 691,200 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.5% of the shares of the company are sold short.
View Cango's Short Interest
.

When is Cango's next earnings date?

Cango is scheduled to release its next quarterly earnings announcement on Monday, August 23rd 2021.
View our earnings forecast for Cango
.

How were Cango's earnings last quarter?

Cango Inc. (NYSE:CANG) issued its quarterly earnings data on Sunday, May, 30th. The company reported ($1.70) EPS for the quarter, missing analysts' consensus estimates of $0.62 by $2.32. Cango had a net margin of 105.99% and a trailing twelve-month return on equity of 45.68%.
View Cango's earnings history
.

How has Cango's stock price been impacted by Coronavirus (COVID-19)?

Cango's stock was trading at $6.85 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CANG shares have decreased by 18.1% and is now trading at $5.61.
View which stocks have been most impacted by COVID-19
.

How often does Cango pay dividends? What is the dividend yield for Cango?

Cango declared a -- dividend on Friday, March 12th. Shareholders of record on Monday, March 22nd will be paid a dividend of $1.00 per share on Thursday, April 8th. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, March 19th. This is a positive change from Cango's previous -- dividend of $0.23.
View Cango's dividend history
.

Is Cango a good dividend stock?

Cango pays an annual dividend of $0.23 per share and currently has a dividend yield of 4.14%. CANG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Cango is 6.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cango will have a dividend payout ratio of 47.92% next year. This indicates that Cango will be able to sustain or increase its dividend.
View Cango's dividend history.

Who are Cango's key executives?

Cango's management team includes the following people:
  • Mr. Xiaojun Zhang, Co-Founder & Chairman (Age 49)
  • Mr. Jiayuan Lin, Co-Founder, CEO & Director (Age 52)
  • Mr. Yongyi Zhang, CFO & Director (Age 48)
  • Ms. Caroline Li, IR Director

Who are some of Cango's key competitors?

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), GlaxoSmithKline (GSK), International Business Machines (IBM), Marathon Petroleum (MPC), NVIDIA (NVDA) and Pfizer (PFE).

When did Cango IPO?

(CANG) raised $138 million in an IPO on Thursday, July 26th 2018. The company issued 12,500,000 shares at a price of $10.00-$12.00 per share. Morgan Stanley, BofA Merrill Lynch and Goldman Sachs (Asia) served as the underwriters for the IPO.

What is Cango's stock symbol?

Cango trades on the New York Stock Exchange (NYSE) under the ticker symbol "CANG."

Who are Cango's major shareholders?

Cango's stock is owned by many different institutional and retail investors. Top institutional shareholders include Primavera Capital Management Ltd (3.44%), Citadel Advisors LLC (0.47%), Acadian Asset Management LLC (0.36%), Millennium Management LLC (0.11%), Voloridge Investment Management LLC (0.11%) and Ionic Capital Management LLC (0.06%).

Which institutional investors are selling Cango stock?

CANG stock was sold by a variety of institutional investors in the last quarter, including Primavera Capital Management Ltd, and Ionic Capital Management LLC.

Which institutional investors are buying Cango stock?

CANG stock was bought by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Acadian Asset Management LLC, Millennium Management LLC, Voloridge Investment Management LLC, Sei Investments Co., State of Wisconsin Investment Board, Guggenheim Capital LLC, and Paloma Partners Management Co.

How do I buy shares of Cango?

Shares of CANG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cango's stock price today?

One share of CANG stock can currently be purchased for approximately $5.61.

How much money does Cango make?

Cango has a market capitalization of $840.83 million and generates $314.55 million in revenue each year. The company earns $516.40 million in net income (profit) each year or $3.40 on an earnings per share basis.

How many employees does Cango have?

Cango employs 3,009 workers across the globe.

What is Cango's official website?

The official website for Cango is www.cangoonline.com.

Where are Cango's headquarters?

Cango is headquartered at 18F BUILDING 2 YOUYOU CENTURY PLAZA 428 SOUTH YANGGAO ROAD PUDONG NEW AREA, SHANGHAI F4, 200127.

How can I contact Cango?

Cango's mailing address is 18F BUILDING 2 YOUYOU CENTURY PLAZA 428 SOUTH YANGGAO ROAD PUDONG NEW AREA, SHANGHAI F4, 200127. The company can be reached via phone at 86-21-3183-5088 or via email at [email protected]


This page was last updated on 6/15/2021 by MarketBeat.com Staff
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