NYSE:CANG - Cango Stock Price, News & Analysis

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

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.

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.

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

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.

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.

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.

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.

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.

Some companies that are related to Cango include Qualys (QLYS), AppFolio (APPF), Cornerstone OnDemand (CSOD), SINA (SINA), Descartes Systems Group (DSGX), Everbridge (EVBG), Cogent Communications (CCOI), Blackline (BL), Mimecast (MIME), Pagerduty (PD), Rapid7 (RPD), LivePerson (LPSN), Altair Engineering (ALTR), Workiva (WK) and AlarmCom (ALRM).

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).

(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.

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.

One share of CANG stock can currently be purchased for approximately $5.47.

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.

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

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]