CANG Stock Overview
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. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
Cango Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$5.05 |
| 52 Week High | US$9.66 |
| 52 Week Low | US$0.95 |
| Beta | 0.65 |
| 1 Month Change | 32.55% |
| 3 Month Change | 215.63% |
| 1 Year Change | 395.10% |
| 3 Year Change | 57.32% |
| 5 Year Change | -41.28% |
| Change since IPO | -59.66% |
Recent News & Updates
Recent updates
Cango Inc.'s (NYSE:CANG) Shares Climb 37% But Its Business Is Yet to Catch Up
Oct 29
Some Investors May Be Worried About Cango's (NYSE:CANG) Returns On Capital
May 01Facing Winter At Home, Cango Looks Overseas
Mar 14Further Upside For Cango Inc. (NYSE:CANG) Shares Could Introduce Price Risks After 30% Bounce
Feb 21Cango Shifts Gears With Merger Of Platforms, Focus On Inventory Risk Control
Dec 01Cango Zooms In Second Quarter, But Sees Bumpy Road Ahead
Aug 31Cango Drives Back To Profits As New Business Model Gains Traction
Jun 13Cango declares $0.50 special dividend
Oct 11Cango Adds Used Cars, New Core App As Business Hits Second Quarter Speed Bump
Sep 08Cango Non-GAAP EPS of RMB3.89, revenue of RMB289.2M
Aug 29Macro Headwinds Accelerate Cango's Drive To Car Trading From Auto Finance
Jun 22Investors Could Be Concerned With Cango's (NYSE:CANG) Returns On Capital
Apr 28Cango Shifts Gears Into Macro Headwinds, With Eye On NEVs And Car Services
Mar 18Cango Inc. (NYSE:CANG) Analysts Just Slashed This Year's Estimates
Mar 15Is Cango Inc. (NYSE:CANG) Potentially Undervalued?
Mar 09Cango (NYSE:CANG) Is Reinvesting At Lower Rates Of Return
Dec 24Recovery Signals Surface, But In Short Supply, For Cango Stuck In Global Auto Storm
Dec 06Is Now An Opportune Moment To Examine Cango Inc. (NYSE:CANG)?
Nov 17Cango's Recent Moves Show Its Business Resilience
Sep 03Cango: An Undervalued Lender In A Booming Market
Aug 24What Is Cango Inc.'s (NYSE:CANG) Share Price Doing?
Jul 28Cango: A Massively Undervalued Chinese Fintech Play
Jul 25What Is Cango Inc.'s (NYSE:CANG) Share Price Doing?
Feb 19
Shareholder Returns
| CANG | US Specialty Retail | US Market | |
|---|---|---|---|
| 7D | 13.2% | -3.9% | -2.4% |
| 1Y | 395.1% | 15.4% | 23.3% |
Return vs Industry: CANG exceeded the US Specialty Retail industry which returned 15.4% over the past year.
Return vs Market: CANG exceeded the US Market which returned 23.3% over the past year.
Price Volatility
| CANG volatility | |
|---|---|
| CANG Average Weekly Movement | 20.1% |
| Specialty Retail Industry Average Movement | 7.5% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: CANG's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: CANG's weekly volatility has increased from 13% to 20% over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2010 | 632 | Jiayuan Lin | ir.cangoonline.com |
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.
Cango Inc. Fundamentals Summary
| CANG fundamental statistics | |
|---|---|
| Market cap | US$527.04m |
| Earnings (TTM) | US$19.21m |
| Revenue (TTM) | US$36.55m |
27.4x
P/E Ratio14.4x
P/S RatioIs CANG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CANG income statement (TTM) | |
|---|---|
| Revenue | CN¥266.69m |
| Cost of Revenue | -CN¥45.26m |
| Gross Profit | CN¥311.95m |
| Other Expenses | CN¥171.80m |
| Earnings | CN¥140.15m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.34 |
| Gross Margin | 116.97% |
| Net Profit Margin | 52.55% |
| Debt/Equity Ratio | 0.03% |
How did CANG perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:56 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Cango Inc. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tian Lu | Goldman Sachs |
| Eddy Wang | Morgan Stanley |
| Brian Lantier | Zacks Small-Cap Research |