NYSE:CANGCango Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Cango Inc - Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $4.65 +0.10 (+2.20 %) (As of 06/5/2020 04:00 PM ET) Add Compare Share Today's Range$4.56Now: $4.65▼$4.7550-Day Range$4.55MA: $5.07▼$5.5552-Week Range$4.52Now: $4.65▼$9.82Volume12,187 shsAverage Volume15,919 shsMarket Capitalization$704.01 millionP/E Ratio18.60Dividend Yield5.05%Beta1.27 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsInstitutional OwnershipHeadlinesSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.0 Analyst's Opinion Consensus RatingCango has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.80, Cango has a potential upside of 67.7% from its current price of $4.65.Amount of Analyst CoverageCango has received no research coverage in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesCango has received 73 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCango has received 93 “underperform” votes. (Add your “underperform” vote.)Community SentimentCango has received 56.02% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipCango is a leading dividend payer. It pays a dividend yield of 5.05%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCango does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Cango is 62.16 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Cango will have a dividend payout ratio of 57.50 % next year. This indicates that Cango will be able to sustain or increase its dividend. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cango insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 24.20% of the stock of Cango is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Cango are expected to grow by 37.93% in the coming year, from $0.29 to $0.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cango is 18.60, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.37.Price to Earnings Ratio vs. SectorThe P/E ratio of Cango is 18.60, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 52.41.Price to Book Value per Share RatioCango has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.0Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.21 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:CANG Previous Symbol CUSIPN/A CIKN/A Webwww.cangoonline.com Phone86-21-3183-5088Debt Debt-to-Equity Ratio0.09 Current Ratio1.93 Quick Ratio1.93Price-To-Earnings Trailing P/E Ratio18.60 Forward P/E Ratio16.03 P/E GrowthN/A Sales & Book Value Annual Sales$206.85 million Price / Sales3.40 Cash Flow$0.39 per share Price / Cash Flow11.95 Book Value$5.21 per share Price / Book0.89Profitability EPS (Most Recent Fiscal Year)$0.37 Net Income$56.15 million Net Margins19.35% Return on Equity4.94% Return on Assets3.19%Miscellaneous Employees3,189 Outstanding Shares151,400,000Market Cap$704.01 million Next Earnings Date9/1/2020 (Estimated) OptionableNot Optionable CANG Rates by TradingView 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 How has Cango's stock been impacted by COVID-19 (Coronavirus)? Cango's stock was trading at $6.85 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CANG stock has decreased by 32.1% and is now trading at $4.65. View which stocks have been most impacted by Coronavirus. 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) issued its quarterly earnings data on Wednesday, May, 27th. The company reported ($0.04) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.10) by $0.06. The business earned $34.74 million during the quarter. Cango had a return on equity of 4.94% and a net margin of 19.35%. 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. Investors of record on Monday, May 4th will be paid 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 guidance has Cango issued on next quarter's earnings? Cango issued an update on its first quarter 2020 After-Hours earnings guidance on Monday, March, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $25.855-30.165 million. What price target have analysts set for CANG? 1 brokers have issued 1 year target prices for Cango's stock. 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 67.7% from the stock's current price. View analysts' price targets for Cango. Has Cango been receiving favorable news coverage? News headlines about CANG stock have trended positive this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cango earned a media sentiment score of 2.2 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutCango. Who are some of Cango's key competitors? Some companies that are related to Cango include AlarmCom (ALRM), Mimecast (MIME), Bandwidth (BAND), Varonis Systems (VRNS), Cornerstone OnDemand (CSOD), SPS Commerce (SPSC), Rapid7 (RPD), Ping Identity (PING), Bottomline Technologies (EPAY), SINA (SINA), LivePerson (LPSN), 2U (TWOU), Pagerduty (PD), Workiva (WK) and Micro Focus International (MFGP). View all 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), Ring Energy (REI), Ring Energy (REI), Algonquin Power & Utilities (AQN), Cinemark (CNK), GlaxoSmithKline (GSK), IBM (IBM) and Marathon Petroleum (MPC). 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 DirectorMs. 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 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 retail and institutional investors. Top institutional shareholders include UBS Group AG (0.00%). Which institutional investors are buying Cango stock? CANG stock was bought by a variety of institutional investors in the last quarter, including UBS Group AG. 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 $4.65. How big of a company is Cango? Cango has a market capitalization of $704.01 million 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 6/6/2020 by MarketBeat.com Staff
