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NYSE:CANGCango Stock Price, Forecast & News

+0.17 (+2.58 %)
(As of 08/13/2020 04:00 PM ET)
Today's Range
Now: $6.76
50-Day Range
MA: $5.48
52-Week Range
Now: $6.76
Volume16,600 shs
Average Volume23,194 shs
Market Capitalization$1.02 billion
P/E Ratio27.04
Dividend Yield3.40%
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.84 out of 5 stars

Industry, Sector and Symbol

Industry Prepackaged software



Sales & Book Value

Annual Sales$206.85 million
Cash Flow$0.39 per share
Book Value$5.21 per share


Net Income$56.15 million


Market Cap$1.02 billion
Next Earnings Date9/1/2020 (Estimated)
OptionableNot Optionable
+0.17 (+2.58 %)
(As of 08/13/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cango (NYSE:CANG) Frequently Asked Questions

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 stock has decreased by 1.3% and is now trading at $6.76.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of Cango?

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

When is Cango's next earnings date?

Cango is scheduled to release its next quarterly earnings announcement on Tuesday, September 1st 2020.
View our earnings forecast for Cango

How were Cango's earnings last quarter?

Cango Inc - (NYSE:CANG) announced its quarterly earnings results on Wednesday, May, 27th. The company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.10) by $0.06. The company earned $34.74 million during the quarter. Cango had a net margin of 19.35% and a return on equity of 4.94%.
View Cango's earnings history

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

Cango declared a -- dividend on Thursday, April 23rd. Shareholders of record on Monday, May 4th will be given a dividend of $0.23 per share on Monday, May 18th. The ex-dividend date of this dividend is Friday, May 1st.
View Cango's dividend history

What price target have analysts set for CANG?

1 brokers have issued 1-year target prices for Cango's shares. Their forecasts range from $7.80 to $7.80. On average, they expect Cango's share price to reach $7.80 in the next twelve months. This suggests a possible upside of 15.4% from the stock's current price.
View analysts' price targets for Cango

Has Cango been receiving favorable news coverage?

Headlines about CANG stock have been trending negative on Friday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cango earned a coverage optimism score of -2.4 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about Cango

Are investors shorting Cango?

Cango saw a increase in short interest in May. As of May 15th, there was short interest totaling 700 shares, an increase of 133.3% from the April 30th total of 300 shares. Based on an average daily volume of 20,400 shares, the short-interest ratio is presently 0.0 days.
View Cango's Short Interest

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 NVIDIA (NVDA), Gilead Sciences (GILD), BCE (BCE), Altria Group (MO), Ring Energy (REI), Ring Energy (REI), Square (SQ), Tesla (TSLA), AbbVie (ABBV) and Algonquin Power & Utilities (AQN).

Who are Cango's key executives?

Cango's management team includes the following people:
  • Mr. Xiaojun Zhang, Co-Founder & Chairman (Age 47)
  • Mr. Jiayuan Lin, Co-Founder, CEO & Director (Age 49)
  • 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 (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.

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 retail and institutional investors. Top institutional investors include Virtu Financial LLC (0.01%).

Which institutional investors are buying Cango stock?

CANG stock was bought by a variety of institutional investors in the last quarter, including Virtu Financial LLC.

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, Robinhood, Fidelity, and Charles Schwab.

What is Cango's stock price today?

One share of CANG stock can currently be purchased for approximately $6.76.

How big of a company is Cango?

Cango has a market capitalization of $1.02 billion and generates $206.85 million in revenue each year. The company earns $56.15 million in net income (profit) each year or $0.37 on an earnings per share basis. Cango employs 3,189 workers across the globe.

What is Cango's official website?

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

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 8/14/2020 by MarketBeat.com Staff

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