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NYSE:CANG

Cango (CANG) Stock Price, News & Analysis

Cango logo
$4.88 +0.04 (+0.83%)
Closing price 05/28/2025 03:59 PM Eastern
Extended Trading
$4.91 +0.03 (+0.61%)
As of 07:49 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Cango Stock (NYSE:CANG)

Key Stats

Today's Range
$4.66
$4.90
50-Day Range
$3.41
$4.88
52-Week Range
$1.40
$9.66
Volume
363,048 shs
Average Volume
312,204 shs
Market Capitalization
$506.46 million
P/E Ratio
28.71
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturers, financial institutions, car buyers, insurance brokers, and companies in the People's Republic of China. The company offers automobile trading solutions comprising car sourcing, transaction facilitation, logistics, and warehousing support for dealers through Cango Haoche app that offers new car transaction services, and Cango U-Car app that offers used-car transaction services. It also provides automotive financing facilitation services that include facilitating financing transactions from financial institutions to car buyers, which comprises credit origination, credit assessment, credit servicing, and delinquent asset management services; facilitating financing transactions of car purchases for 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.

Cango Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
36th Percentile Overall Score

CANG MarketRank™: 

Cango scored higher than 36% of companies evaluated by MarketBeat, and ranked 638th out of 649 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for Cango.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Cango is 28.71, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.49.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Cango is 28.71, 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 44.76.

  • Price to Book Value per Share Ratio

    Cango has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.94% of the float of Cango has been sold short.
  • Short Interest Ratio / Days to Cover

    Cango has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Cango has recently decreased by 5.47%, indicating that investor sentiment is improving significantly.
  • Percentage of Shares Shorted

    1.94% of the float of Cango has been sold short.
  • Short Interest Ratio / Days to Cover

    Cango has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Cango has recently decreased by 5.47%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Cango has a news sentiment score of 0.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Cango this week, compared to 2 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Cango insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    29.10% of the stock of Cango is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 4.22% of the stock of Cango is held by institutions.

  • Read more about Cango's insider trading history.
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CANG Stock News Headlines

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CANG Stock Analysis - Frequently Asked Questions

Cango's stock was trading at $4.40 at the beginning of the year. Since then, CANG shares have increased by 10.9% and is now trading at $4.88.
View the best growth stocks for 2025 here
.

Cango Inc. (NYSE:CANG) issued its earnings results on Thursday, March, 6th. The company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $91.52 million for the quarter. Cango had a net margin of 51.90% and a trailing twelve-month return on equity of 3.55%.
Read the conference call transcript
.

Cango's Board of Directors approved a stock buyback program on Thursday, March 13th 2025, which permits the company to repurchase $0 in outstanding shares, according to EventVestor. This permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Cango (CANG) raised $138 million in an 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) acted as the underwriters for the IPO.

Top institutional investors of Cango include Cetera Investment Advisers (0.11%), Invesco Ltd. (0.09%) and Cubist Systematic Strategies LLC (0.06%).

Shares of CANG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Cango investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), PayPal (PYPL) and Arista Networks (ANET).

Company Calendar

Last Earnings
3/06/2025
Today
5/28/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Prepackaged software
Sub-Industry
Computer Software
Current Symbol
NYSE:CANG
Fax
N/A
Employees
2,350
Year Founded
N/A

Profitability

Trailing P/E Ratio
28.71
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
-$5.33 million
Pretax Margin
89.81%

Debt

Sales & Book Value

Annual Sales
$1.79 billion
Price / Cash Flow
N/A
Book Value
$4.94 per share
Price / Book
0.99

Miscellaneous

Free Float
77,223,000
Market Cap
$506.46 million
Optionable
Not Optionable
Beta
0.66
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This page (NYSE:CANG) was last updated on 5/29/2025 by MarketBeat.com Staff
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