NYSE:CANG - Cango Stock Price, News & Analysis

$5.47
+0.03 (+0.55 %)
(As of 08/23/2019 04:00 PM ET)
Today's Range
$5.31
Now: $5.47
$5.47
50-Day Range
$5.32
MA: $6.47
$7.2472
52-Week Range
$4.70
Now: $5.47
$12.69
Volume3,800 shs
Average Volume3,168 shs
Market Capitalization$826.52 million
P/E Ratio17.65
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.

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$158.74 million
Cash Flow$0.2999 per share
Book Value$5.06 per share

Profitability

Net Income$44.03 million

Miscellaneous

Employees3,327
Market Cap$826.52 million
Next Earnings Date8/29/2019 (Estimated)
OptionableNot Optionable

Receive CANG News and Ratings via Email

Sign-up to receive the latest news and ratings for CANG and its competitors with MarketBeat's FREE daily newsletter.


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

Cango declared a special dividend on Wednesday, April 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.125 per share on Tuesday, May 28th. The ex-dividend date of this dividend is Thursday, May 9th. View Cango's Dividend History.

How were Cango's earnings last quarter?

Cango Inc - (NYSE:CANG) issued its quarterly earnings results on Tuesday, May, 28th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.16 by $0.08. The firm earned $52.40 million during the quarter. Cango had a net margin of 25.02% and a return on equity of 7.96%. View Cango's Earnings History.

When is Cango's next earnings date?

Cango is scheduled to release their next quarterly earnings announcement on Thursday, August 29th 2019. View Earnings Estimates for Cango.

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

Cango updated its second quarter 2019 earnings guidance on Tuesday, May, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $43.211-46.936 million, compared to the consensus revenue estimate of $51.23 million.

What price target have analysts set for CANG?

1 equities research analysts have issued 12 month price objectives for Cango's shares. Their forecasts range from $11.90 to $11.90. On average, they anticipate Cango's stock price to reach $11.90 in the next year. This suggests a possible upside of 117.6% from the stock's current price. View Analyst Price Targets for Cango.

What is the consensus analysts' recommendation for 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.

Has Cango been receiving favorable news coverage?

Headlines about CANG stock have trended positive this week, InfoTrie reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog 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 news sentiment score of 2.5 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the near term. View News Stories for Cango.

Are investors shorting Cango?

Cango saw a decrease in short interest during the month of July. As of July 31st, there was short interest totalling 9,800 shares, a decrease of 12.5% from the June 30th total of 11,200 shares. Based on an average daily volume of 2,100 shares, the short-interest ratio is presently 4.7 days. Approximately 0.0% of the shares of the company are sold short. View Cango's Current Options Chain.

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 Alibaba Group (BABA), Thermo Fisher Scientific (TMO), Cisco Systems (CSCO), Home Depot (HD), Honeywell International (HON), NVIDIA (NVDA), Johnson & Johnson (JNJ), Raytheon (RTN), Verizon Communications (VZ) and Amgen (AMGN).

Who are Cango's key executives?

Cango's management team includes the folowing 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 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.

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 $5.47.

How big of a company is Cango?

Cango has a market capitalization of $826.52 million and generates $158.74 million in revenue each year. The company earns $44.03 million in net income (profit) each year or $0.31 on an earnings per share basis. Cango employs 3,327 workers across the globe.View Additional Information About Cango.

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 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]


MarketBeat Community Rating for Cango (NYSE CANG)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  59 (Vote Outperform)
Underperform Votes:  69 (Vote Underperform)
Total Votes:  128
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 8/24/2019 by MarketBeat.com Staff

Featured Article: Quick Ratio

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel