Cango (CANG) Stock Forecast, Price & News

Cango's stock was trading at $1.3080 at the beginning of 2023. Since then, CANG shares have decreased by 12.1% and is now trading at $1.15.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 8th 2023.
View our CANG earnings forecast.

Cango Inc. (NYSE:CANG) released its quarterly earnings results on Thursday, March, 9th. The company reported ($0.60) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by $0.46. The business had revenue of $70.63 million for the quarter, compared to analyst estimates of $70.69 million. Cango had a negative trailing twelve-month return on equity of 19.18% and a negative net margin of 55.13%.

Cango declared a -- dividend on Thursday, October 13th. Investors of record on Monday, October 24th will be given a dividend of $0.98 per share on Wednesday, November 23rd. The ex-dividend date of this dividend is Friday, November 25th.
Read our dividend analysis for CANG.

Amplify Emerging Markets FinTech ETF holds 17,040 shares of CANG stock, representing 1.46% of its portfolio.

Cango issued an update on its first quarter 2023 earnings guidance on Thursday, March, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $65.24 million-$72.49 million, compared to the consensus revenue estimate of $80.42 million.

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).

(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) acted as the underwriters for the IPO.

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

Cango's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Acadian Asset Management LLC (0.04%) and Waverly Advisors LLC (0.02%).

Shares of CANG stock 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.

One share of CANG stock can currently be purchased for approximately $1.15.

Cango (NYSE:CANG) has a market capitalization of $160.70 million and generates $287.14 million in revenue each year. The company earns $-161,110,000.00 in net income (profit) each year or ($1.19) on an earnings per share basis.

The company employs 2,351 workers across the globe.

Cango's mailing address is 18F BUILDING 2 YOUYOU CENTURY PLAZA 428 SOUTH YANGGAO ROAD PUDONG NEW AREA, SHANGHAI F4, 200127. The official website for the company is www.cangoonline.com. The company can be reached via phone at 862131835088 or via email at ir@cangoonline.com.