NYSE:CANG Cango Stock Forecast, Price & 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 $5.30 +0.20 (+3.92 %) (As of 09/29/2020 03:07 PM ET) Add Compare Share Today's Range$5.25Now: $5.30▼$5.3250-Day Range$4.85MA: $5.70▼$6.8952-Week Range$4.20Now: $5.30▼$9.82Volume1,181 shsAverage Volume23,207 shsMarket Capitalization$802.42 millionP/E Ratio23.04Dividend Yield4.63%Beta1.21 ProfileAnalyst RatingsChartCompetitorsDividendEarningsInstitutional OwnershipHeadlinesShort InterestSocial 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 forecasted upside of 47.2% from its current price of $5.30.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 95 “underperform” votes. (Add your “underperform” vote.)Community SentimentCango has received 56.55% “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 4.63%, 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 60.53% 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 58.33% in the coming year, from $0.24 to $0.38 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cango is 23.04, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.70.Price to Earnings Ratio vs. SectorThe P/E ratio of Cango is 23.04, 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 62.20.Price to Book Value per Share RatioCango has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued 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 Ratio0.06 Current Ratio2.15 Quick Ratio2.15Price-To-Earnings Trailing P/E Ratio23.04 Forward P/E Ratio22.08 P/E GrowthN/A Sales & Book Value Annual Sales$206.85 million Price / Sales3.88 Cash Flow$0.41 per share Price / Cash Flow13.05 Book Value$5.21 per share Price / Book1.02Profitability EPS (Most Recent Fiscal Year)$0.37 Net Income$56.15 million Net Margins18.58% Return on Equity4.51% Return on Assets2.89%Miscellaneous Employees3,189 Outstanding Shares151,400,000Market Cap$802.42 million Next Earnings Date11/12/2020 (Estimated) OptionableNot Optionable $5.30 +0.20 (+3.92 %) (As of 09/29/2020 03:07 PM ET) 30 days | 90 days | 365 days | Advanced Chart 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 price 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 shares have decreased by 22.6% and is now trading at $5.30. View which stocks have been most impacted by COVID-19. 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 Thursday, November 12th 2020. View our earnings forecast for Cango. How were Cango's earnings last quarter? Cango Inc - (NYSE:CANG) posted its earnings results on Monday, August, 24th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The business earned $38.79 million during the quarter. Cango had a net margin of 18.58% and a return on equity of 4.51%. 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. Stockholders 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 updated its third quarter 2020 After-Hours earnings guidance on Monday, August, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $42.462-46.708 million. What price target have analysts set for CANG? 1 analysts have issued 1-year price targets for Cango's shares. Their forecasts range from $7.80 to $7.80. On average, they anticipate Cango's share price to reach $7.80 in the next year. This suggests a possible upside of 47.2% from the stock's current price. View analysts' price targets for Cango. Who are some of Cango's key competitors? Some companies that are related to Cango include Altair Engineering (ALTR), ACI Worldwide (ACIW), SINA (SINA), Mimecast (MIME), Momo (MOMO), Blackbaud (BLKB), BOX (BOX), AlarmCom (ALRM), SPS Commerce (SPSC), Workiva (WK), BlackBerry (BB), Ping Identity (PING), Teradata (TDC), 2U (TWOU) and Cornerstone OnDemand (CSOD). 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), Algonquin Power & Utilities (AQN), Cinemark (CNK), GlaxoSmithKline (GSK), IBM (IBM), Marathon Petroleum (MPC), NVIDIA (NVDA) and Pfizer (PFE). 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." 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 $5.30. How big of a company is Cango? Cango has a market capitalization of $802.42 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 9/29/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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