NYSE:CANG - Cango Stock Price, News, & Analysis

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$7.6899 +0.05 (+0.65 %)
(As of 02/15/2019 04:00 PM ET)
Previous Close$7.6899
Today's Range$7.60 - $7.6899
52-Week Range$6.67 - $13.90
Volume1,141 shs
Average Volume1,283 shs
Market Capitalization$1.16 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Cango Inc. operates an automotive transaction service platform that connects dealers, financial institutions, car buyers, and other industry participants in the People's Republic of China. It facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; automotive transactions between automotive wholesalers, dealers, and car buyers; and after-market services to car buyers. The company was founded in 2010 and is headquartered in Shanghai, the People's Republic of China.

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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone86-21-3183-5088

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$167.74 million

Profitability

Miscellaneous

Employees2,940
Market Cap$1.16 billion
OptionableNot Optionable

Cango (NYSE:CANG) Frequently Asked Questions

What is Cango's stock symbol?

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

How were Cango's earnings last quarter?

Cango Inc - (NYSE:CANG) announced its quarterly earnings data on Thursday, November, 22nd. The company reported $0.11 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.03. The business earned $41.52 million during the quarter. View Cango's Earnings History.

What price target have analysts set for CANG?

2 brokerages have issued 12-month price targets for Cango's stock. Their forecasts range from $11.90 to $11.90. On average, they anticipate Cango's stock price to reach $11.90 in the next twelve months. This suggests a possible upside of 54.7% from the stock's current price. View Analyst Price Targets for Cango.

What is the consensus analysts' recommendation for Cango?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cango in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cango.

Has Cango been receiving favorable news coverage?

Media coverage about CANG stock has been trending positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cango earned a daily sentiment score of 2.7 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days.

Who are some of Cango's key competitors?

Who are Cango's key executives?

Cango's management team includes the folowing people:
  • Mr. Xiaojun Zhang, Co-Founder & Chairman (Age 48)
  • Mr. Jiayuan Lin, Co-Founder, CEO & Director (Age 50)
  • Mr. Yongyi Zhang, CFO & Director (Age 46)
  • Ms. Caroline Li, IR Director
  • Ms. Yun Ye, Head of Legal Division & Director (Age 41)

When did Cango IPO?

(CANG) raised $138 million in an initial public offering 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.

When did the company's lock-up period expire?

Cango's lock-up period expired on Tuesday, January 22nd. Cango had issued 4,000,000 shares in its public offering on July 26th. The total size of the offering was $44,000,000 based on an initial share price of $11.00. Shares of the company owned by company insiders and major shareholders are now eligible to be traded as a result of the end of the lock-up period.

Who are Cango's major shareholders?

Cango's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Primavera Capital Management Ltd (4.13%) and Millennium Management LLC (0.04%).

Which institutional investors are selling Cango stock?

CANG stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC.

Which institutional investors are buying Cango stock?

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

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Cango's stock price today?

One share of CANG stock can currently be purchased for approximately $7.6899.

How big of a company is Cango?

Cango has a market capitalization of $1.16 billion and generates $167.74 million in revenue each year. Cango employs 2,940 workers across the globe.

What is Cango's official website?

The official website for Cango is http://www.cangoonline.com.

How can I contact Cango?

Cango's mailing address is 10A BUILDING 3 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]


MarketBeat Community Rating for Cango (NYSE CANG)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  39 (Vote Outperform)
Underperform Votes:  41 (Vote Underperform)
Total Votes:  80
MarketBeat's community ratings are surveys of what our community members think about Cango and other stocks. Vote "Outperform" if you believe CANG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CANG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/16/2019 by MarketBeat.com Staff

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