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NYSE:CANG - Cango Stock Price, Forecast & News

$8.25
+0.20 (+2.48 %)
(As of 02/18/2020 05:00 AM ET)
Today's Range
$8.23
Now: $8.25
$8.44
50-Day Range
$7.77
MA: $8.53
$9.73
52-Week Range
$4.52
Now: $8.25
$10.20
Volume22,042 shs
Average Volume20,721 shs
Market Capitalization$1.25 billion
P/E Ratio25.00
Dividend YieldN/A
Beta2.03
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.

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
CIKN/A
Phone86-21-3183-5088

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$158.74 million
Cash Flow$0.30 per share
Book Value$5.05 per share

Profitability

Net Income$44.03 million

Miscellaneous

Employees3,327
Market Cap$1.25 billion
Next Earnings Date3/25/2020 (Estimated)
OptionableNot Optionable

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Cango (NYSE:CANG) Frequently Asked Questions

What is Cango's stock symbol?

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

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

Cango announced a special dividend on Wednesday, April 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.125 per share on Tuesday, May 28th. The ex-dividend date is Thursday, May 9th. View Cango's Dividend History.

When is Cango's next earnings date?

Cango is scheduled to release their next quarterly earnings announcement on Wednesday, March 25th 2020. View Earnings Estimates for Cango.

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

Cango updated its fourth quarter 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$53.164-55.962 million, compared to the consensus revenue estimate of $$57.08 million.

What price target have analysts set for CANG?

1 brokers have issued 12 month price targets for Cango's shares. Their forecasts range from $7.80 to $7.80. On average, they expect Cango's stock price to reach $7.80 in the next year. This suggests that the stock has a possible downside of 5.5%. View Analyst Price Targets for Cango.

What is the consensus analysts' recommendation 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.

Has Cango been receiving favorable news coverage?

Media coverage about CANG stock has trended very negative this week, according to InfoTrie. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cango earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Cango.

Are investors shorting Cango?

Cango saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 5,000 shares, an increase of 47.1% from the January 15th total of 3,400 shares. Based on an average trading volume of 16,200 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company's stock are sold short. View Cango's Current Options Chain.

Who are some of Cango's key 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), NVIDIA (NVDA), Algonquin Power & Utilities (AQN), Cinemark (CNK), GlaxoSmithKline (GSK), IBM (IBM), Marathon Petroleum (MPC) and Pfizer (PFE).

Who are Cango's key executives?

Cango's management team includes the folowing 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 (IPO) 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) served as the underwriters for the IPO.

Who are Cango's major shareholders?

Cango's stock is owned by many different of institutional and retail investors. Top institutional shareholders include UBS Group AG (0.00%).

Which major investors are buying Cango stock?

CANG stock was purchased 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 $8.25.

How big of a company is Cango?

Cango has a market capitalization of $1.25 billion 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.

What is Cango's official website?

The official website for Cango is http://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]


MarketBeat Community Rating for Cango (NYSE CANG)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  68 (Vote Outperform)
Underperform Votes:  85 (Vote Underperform)
Total Votes:  153
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.
This page was last updated on 2/18/2020 by MarketBeat.com Staff

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