S&P 500   3,790.93
DOW   30,316.32
QQQ   282.13
6 Benefits of Working With a Franchise Consultant or Broker
Sell every Stock except ONE (Ad)
3 Safe Earnings Plays for a Risk-Off Market
Micron to bring microchip plant to upstate New York
Bonner’s “4th and Final Prediction”—First 3 came true, will this too? (Ad)
Tyson Foods Takes a Lickin’ and Keeps on Tickin’ Lower
Stocks rise in extended rally, clawing back more ground
Bonner’s “4th and Final Prediction”—First 3 came true, will this too? (Ad)
Live Updates: Russia-Ukraine War
Fourth quarter opens with a bang, US futures jump sharply
S&P 500   3,790.93
DOW   30,316.32
QQQ   282.13
6 Benefits of Working With a Franchise Consultant or Broker
Sell every Stock except ONE (Ad)
3 Safe Earnings Plays for a Risk-Off Market
Micron to bring microchip plant to upstate New York
Bonner’s “4th and Final Prediction”—First 3 came true, will this too? (Ad)
Tyson Foods Takes a Lickin’ and Keeps on Tickin’ Lower
Stocks rise in extended rally, clawing back more ground
Bonner’s “4th and Final Prediction”—First 3 came true, will this too? (Ad)
Live Updates: Russia-Ukraine War
Fourth quarter opens with a bang, US futures jump sharply
S&P 500   3,790.93
DOW   30,316.32
QQQ   282.13
6 Benefits of Working With a Franchise Consultant or Broker
Sell every Stock except ONE (Ad)
3 Safe Earnings Plays for a Risk-Off Market
Micron to bring microchip plant to upstate New York
Bonner’s “4th and Final Prediction”—First 3 came true, will this too? (Ad)
Tyson Foods Takes a Lickin’ and Keeps on Tickin’ Lower
Stocks rise in extended rally, clawing back more ground
Bonner’s “4th and Final Prediction”—First 3 came true, will this too? (Ad)
Live Updates: Russia-Ukraine War
Fourth quarter opens with a bang, US futures jump sharply
S&P 500   3,790.93
DOW   30,316.32
QQQ   282.13
6 Benefits of Working With a Franchise Consultant or Broker
Sell every Stock except ONE (Ad)
3 Safe Earnings Plays for a Risk-Off Market
Micron to bring microchip plant to upstate New York
Bonner’s “4th and Final Prediction”—First 3 came true, will this too? (Ad)
Tyson Foods Takes a Lickin’ and Keeps on Tickin’ Lower
Stocks rise in extended rally, clawing back more ground
Bonner’s “4th and Final Prediction”—First 3 came true, will this too? (Ad)
Live Updates: Russia-Ukraine War
Fourth quarter opens with a bang, US futures jump sharply
NYSE:CANG

Cango - CANG Stock Forecast, Price & News

$2.37
+0.04 (+1.72%)
(As of 10/4/2022 12:00 AM ET)
Add
Compare
Today's Range
$2.31
$2.42
50-Day Range
$2.04
$2.77
52-Week Range
$1.95
$4.64
Volume
36,994 shs
Average Volume
184,621 shs
Market Capitalization
$331.19 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A

Cango MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
0.67% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.51mentions of Cango in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.91) to ($0.64) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.35 out of 5 stars

Computer And Technology Sector

628th out of 648 stocks

Prepackaged Software Industry

220th out of 226 stocks

CANG stock logo

About Cango (NYSE:CANG) Stock

Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the People's Republic of China. The company offers automobile trading solutions, including car sourcing, logistics, and warehousing support for dealers; and facilitation of car purchases for car buyers. It also facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; and after-market services to car buyers, which includes facilitating the sale of insurance policies from insurance brokers or companies. The company was founded in 2010 and is headquartered in Shanghai, the People's Republic of China.

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CANG Stock News Headlines

Short Interest in Cango Inc. (NYSE:CANG) Expands By 16.7%
Cango Inc. (CANG)
Form 6-K Cango Inc. For: Aug 31 - StreetInsider.com
Kehua Holdings Co. Ltd. A
Is Cango Inc. (NYSE:CANG) Popular Amongst Insiders?
See More Headlines
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CANG Company Calendar

Last Earnings
8/29/2022
Today
10/04/2022
Next Earnings (Estimated)
11/28/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
2,351
Year Founded
N/A

Profitability

Net Income
$-1,340,000.00
Pretax Margin
-28.97%

Debt

Sales & Book Value

Annual Sales
$615.40 million
Book Value
$7.85 per share

Miscellaneous

Free Float
99,078,000
Market Cap
$331.19 million
Optionable
Not Optionable
Beta
0.94

Key Executives

  • Mr. Xiaojun Zhang (Age 50)
    Co-Founder & Chairman
  • Mr. Jiayuan Lin (Age 53)
    Co-Founder, CEO & Director
  • Mr. Yongyi Zhang (Age 49)
    CFO & Director













CANG Stock - Frequently Asked Questions

How have CANG shares performed in 2022?

Cango's stock was trading at $3.14 at the start of the year. Since then, CANG stock has decreased by 24.5% and is now trading at $2.37.
View the best growth stocks for 2022 here
.

Are investors shorting Cango?

Cango saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 472,100 shares, an increase of 16.7% from the August 31st total of 404,500 shares. Based on an average daily volume of 86,100 shares, the short-interest ratio is currently 5.5 days. Approximately 0.7% of the shares of the stock are sold short.
View Cango's Short Interest
.

When is Cango's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 28th 2022.
View our CANG earnings forecast
.

How were Cango's earnings last quarter?

Cango Inc. (NYSE:CANG) posted its quarterly earnings data on Monday, August, 29th. The company reported ($1.38) earnings per share for the quarter, missing the consensus estimate of ($0.18) by $1.20. The business had revenue of $43.18 million for the quarter, compared to analysts' expectations of $49.05 million. Cango had a negative net margin of 23.94% and a negative trailing twelve-month return on equity of 10.58%. During the same period in the prior year, the company posted $0.58 earnings per share.

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

Cango declared a -- dividend on Tuesday, April 26th. Shareholders of record on Wednesday, May 25th will be given a dividend of $0.98 per share on Wednesday, June 15th. The ex-dividend date is Tuesday, May 24th.
Read our dividend analysis for CANG
.

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

Cango issued an update on its second quarter 2022 earnings guidance on Thursday, July, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $39.44 million-$47.32 million, compared to the consensus revenue estimate of $158.13 million.

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), Algonquin Power & Utilities (AQN), Cinemark (CNK), GSK (GSK), International Business Machines (IBM), Marathon Petroleum (MPC), NVIDIA (NVDA) and Pfizer (PFE).

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 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."

How do I buy shares of Cango?

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.

What is Cango's stock price today?

One share of CANG stock can currently be purchased for approximately $2.37.

How much money does Cango make?

Cango (NYSE:CANG) has a market capitalization of $331.19 million and generates $615.40 million in revenue each year. The company earns $-1,340,000.00 in net income (profit) each year or ($0.77) on an earnings per share basis.

How many employees does Cango have?

The company employs 2,351 workers across the globe.

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 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.

This page (NYSE:CANG) was last updated on 10/5/2022 by MarketBeat.com Staff

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