NYSE:CANGCango Stock Price, Forecast & News

$5.02

+0.02 (+0.40 %)

(As of 05/25/2020 04:00 PM ET)

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Today's Range

$4.65

Now: $5.02▼

$5.15

50-Day Range

$4.93

MA: $5.17▼

$5.55

52-Week Range

$4.52

Now: $5.02▼

$9.82

Volume21,252 shs

Average Volume20,098 shs

Market Capitalization$760.03 million

P/E Ratio13.57

Dividend Yield4.58%

Beta1.32

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.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Cango 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/Downside
According to analysts' consensus price target of $7.80, Cango has a potential upside of 55.4% from its current price of $5.02.
Amount of Analyst Coverage
Cango has received no research coverage in the past 90 days.

2.2 Community Rank

Outperform Votes
Cango has received 73 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Cango has received 92 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Cango has received 55.76% “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.

3.3 Dividend Strength

Dividend Leadership
Cango is a leading dividend payer. It pays a dividend yield of 4.58%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Cango does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Cango is 62.16 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Cango will have a dividend payout ratio of 58.97 % next year. This indicates that Cango will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cango insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 24.20% of the stock of Cango is held by institutions.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Cango are expected to grow by 77.27% in the coming year, from $0.22 to $0.39 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cango is 13.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cango is 13.57, 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 40.72.
Price to Book Value per Share Ratio
Cango has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.46 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

Phone86-21-3183-5088

Debt

Debt-to-Equity Ratio0.05

Current Ratio1.90

Quick Ratio1.90

Price-To-Earnings

Trailing P/E Ratio13.57

Forward P/E Ratio22.82

P/E GrowthN/A

Sales & Book Value

Annual Sales$206.85 million

Price / Sales3.67

Cash Flow$0.38 per share

Price / Cash Flow13.18

Book Value$5.21 per share

Price / Book0.96

Profitability

EPS (Most Recent Fiscal Year)$0.37

Net Income$56.15 million

Net Margins25.60%

Return on Equity7.08%

Return on Assets4.75%

Miscellaneous

Employees3,189

Outstanding Shares151,400,000

Market Cap$760.03 million

Next Earnings Date5/27/2020 (Confirmed)

OptionableNot Optionable

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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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CANG stock has decreased by 26.7% and is now trading at $5.02. 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 Wednesday, May 27th 2020. View our earnings forecast for Cango.

How can I listen to Cango's earnings call?

Cango will be holding an earnings conference call on Wednesday, May 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Cango's earnings last quarter?

Cango Inc - (NYSE:CANG) issued its earnings results on Monday, March, 23rd. The company reported $0.09 EPS for the quarter, hitting the Zacks' consensus estimate of $0.09. The company earned $62.99 million during the quarter. Cango had a return on equity of 7.08% and a net margin of 25.60%. View Cango's earnings history.

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

Cango announced 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 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 (EPS) 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 Wall Street analysts have issued 1-year target prices for Cango's stock. Their forecasts range from $7.80 to $7.80. On average, they anticipate Cango's stock price to reach $7.80 in the next twelve months. This suggests a possible upside of 55.4% from the stock's current price. View analysts' price targets for Cango.

Has Cango been receiving favorable news coverage?

News stories about CANG stock have been trending very positive on Monday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Cango earned a coverage optimism score of 4.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news aboutCango.

Who are some of Cango's key competitors?

Some companies that are related to Cango include ACI Worldwide (ACIW), Tenable (TENB), BOX (BOX), Cloudera (CLDR), Blackbaud (BLKB), Bandwidth (BAND), Altair Engineering (ALTR), LivePerson (LPSN), Varonis Systems (VRNS), BlackBerry (BB), Mimecast (MIME), 2U (TWOU), Rapid7 (RPD), Cornerstone OnDemand (CSOD) and AlarmCom (ALRM). 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 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 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 a number of retail and institutional investors. Top institutional investors 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 $5.02.

How big of a company is Cango?

Cango has a market capitalization of $760.03 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 5/25/2020 by MarketBeat.com Staff