Cango (CANG) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $4.45 to $5.58
• 50-Day Range: $1.70 to $8.00
• 52-Week Range: $0.95 to $9.66
• Volume: 2.43 million shs
• Average Volume: 172,099 shs
• Market Capitalization: $550.04 million
• P/E Ratio: 29.71
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Cango Stock Analysis - MarketRank™

Cango scored higher than 27% of companies evaluated by MarketBeat, and ranked 539th out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Cango.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Cango is 29.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.42.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cango is 29.71, 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 237.69.

Price to Book Value per Share Ratio

Cango 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.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.23% 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 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cango has recently increased by 58.84%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Cango does not currently pay a dividend.

Dividend Growth

Cango does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Cango is 576.47%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.23% 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 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cango has recently increased by 58.84%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.43

News Sentiment

Cango has a news sentiment score of 0.43. 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 is a lower news sentiment than the 0.64 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Cango this week, compared to 2 articles on an average week.

Search Interest

3 people have searched for CANG on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

5 people have added Cango to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

CANG Stock Analysis - Frequently Asked Questions

How have CANG shares performed this year?

Cango's stock was trading at $1.02 on January 1st, 2024. Since then, CANG shares have increased by 395.1% and is now trading at $5.05.
View the best growth stocks for 2024 here.

How were Cango's earnings last quarter?

Cango Inc. (NYSE:CANG) released its quarterly earnings data on Wednesday, August, 18th. The company reported $3.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $3.64. The company had revenue of $146.63 million for the quarter. Cango had a trailing twelve-month return on equity of 3.55% and a net margin of 51.90%.

When did Cango IPO?

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

Who are Cango's major shareholders?

Top institutional shareholders of Cango include International Assets Investment Management LLC (0.03%).

How do I buy shares of Cango?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Cango own?

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: 8/18/2021
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NYSE:CANG
• CUSIP: N/A
• CIK: 1725123
• Web: www.cangoonline.com
• Phone: 862131835088
• Fax: N/A
• Employees: 2,350
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.17
• Trailing P/E Ratio: 29.71
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-5,330,000.00
• Net Margins: 51.90%
• Pretax Margin: 89.81%
• Return on Equity: 3.55%
• Return on Assets: 3.02%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 7.83
• Quick Ratio: 7.83

Sales & Book Value

• Annual Sales: $266.69 million
• Price / Sales: 2.06
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $4.94 per share
• Price / Book: 1.02

Miscellaneous

• Outstanding Shares: 108,918,000
• Free Float: 77,223,000
• Market Cap: $550.04 million
• Optionable: Not Optionable
• Beta: 0.79