In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cango has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

NYSE:CANG - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2024	267	140	N/A	N/A	N/A
6/30/2024	593	23	N/A	N/A	N/A
3/31/2024	1,224	-27	N/A	N/A	N/A
12/31/2023	1,702	-38	1,024	1,026	N/A
9/30/2023	2,059	-493	N/A	N/A	N/A
6/30/2023	2,122	-574	N/A	N/A	N/A
3/31/2023	1,735	-896	N/A	N/A	N/A
12/31/2022	1,980	-1,111	-572	-567	N/A
9/30/2022	2,544	-428	N/A	N/A	N/A
6/30/2022	2,928	-714	N/A	N/A	N/A
3/31/2022	3,586	129	N/A	N/A	N/A
12/31/2021	3,922	-9	-423	-404	N/A
9/30/2021	3,969	1,436	N/A	N/A	N/A
6/30/2021	3,603	3,621	N/A	N/A	N/A
3/31/2021	2,930	3,134	N/A	N/A	N/A
12/31/2020	2,052	3,370	-627	-622	N/A
9/30/2020	1,356	1,907	N/A	N/A	N/A
6/30/2020	1,272	255	N/A	N/A	N/A
3/31/2020	1,334	276	N/A	N/A	N/A
12/31/2019	1,440	391	380	423	N/A
9/30/2019	1,360	341	N/A	N/A	N/A
6/30/2019	1,294	333	N/A	N/A	N/A
3/31/2019	1,194	338	N/A	N/A	N/A
12/31/2018	1,091	303	170	185	N/A
9/30/2018	1,082	113	N/A	N/A	N/A
6/30/2018	1,075	128	N/A	N/A	N/A
3/31/2018	1,106	175	N/A	476	N/A
12/31/2017	1,052	171	N/A	589	N/A
9/30/2017	970	351	N/A	384	N/A
12/31/2016	434	65	N/A	83	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CANG's forecast earnings growth is above the savings rate (2.8%).

Earnings vs Market: Insufficient data to determine if CANG's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if CANG's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if CANG's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if CANG's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if CANG's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/16 10:57
End of Day Share Price	2025/02/14 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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

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 Github.

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

Cango Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Cango Inc. Provides Revenue Guidance for the Fourth Quarter of 2024

Cango Inc. Provides Revenue Guidance for the Third Quarter of 2024

Cango Inc. Provides Revenue Guidance for the First Quarter of 2024

Cango Inc. Provides Revenue Guidance for the Third Quarter of 2023

Cango Inc. Provides Revenue Guidance for the Second Quarter of 2023

Cango Inc. Provides Revenue Guidance for the Fourth Quarter of 2022

Recent updates

Investor sentiment deteriorates as stock falls 15%

New major risk - Share price stability

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 40%

Cango Inc. Provides Revenue Guidance for the Fourth Quarter of 2024

Cango Inc. to Report Q3, 2024 Results on Nov 04, 2024

Cango Inc.'s (NYSE:CANG) Shares Climb 37% But Its Business Is Yet to Catch Up

Investor sentiment improves as stock rises 25%

Investor sentiment improves as stock rises 18%

CFO & Director notifies of intention to sell stock

Second quarter 2024 earnings released

Cango Inc. Provides Revenue Guidance for the Third Quarter of 2024

Cango Inc. to Report Q2, 2024 Results on Aug 29, 2024

First quarter 2024 earnings released: EPS: CN¥1.71 (vs CN¥0.58 in 1Q 2023)

Some Investors May Be Worried About Cango's (NYSE:CANG) Returns On Capital

Full year 2023 earnings released: CN¥0.31 loss per share (vs CN¥8.11 loss in FY 2022)

Cango Inc. (NYSE:CANG) announces an Equity Buyback for $50 million worth of its shares.

CFO & Director notifies of intention to sell stock

Facing Winter At Home, Cango Looks Overseas

Full year 2023 earnings released

Cango Inc. Provides Revenue Guidance for the First Quarter of 2024

Cango Inc. to Report Q4, 2023 Results on Mar 11, 2024

Further Upside For Cango Inc. (NYSE:CANG) Shares Could Introduce Price Risks After 30% Bounce

Cango Shifts Gears With Merger Of Platforms, Focus On Inventory Risk Control

Cango Inc. Reports Impairment Charges for the Third Quarter of 2023

Third quarter 2023 earnings released: CN¥0.90 loss per share (vs CN¥0.95 loss in 3Q 2022)

Cango Inc. Reports Impairment Charges for the Third Quarter of 2023

Cango Inc. to Report Q3, 2023 Results on Nov 27, 2023

Cango Zooms In Second Quarter, But Sees Bumpy Road Ahead

Cango Inc. Provides Revenue Guidance for the Third Quarter of 2023

Second quarter 2023 earnings released

Cango Inc. to Report Q2, 2023 Results on Aug 23, 2023

Cango Drives Back To Profits As New Business Model Gains Traction

New major risk - Revenue and earnings growth

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Cango Inc. Provides Revenue Guidance for the Second Quarter of 2023

Cango Inc. to Report Q1, 2023 Results on Jun 08, 2023

Full year 2022 earnings: EPS and revenues miss analyst expectations

Third quarter 2022 earnings: Revenues exceed analyst expectations

Cango Inc. Provides Revenue Guidance for the Fourth Quarter of 2022

Cango Inc. to Report Q3, 2022 Results on Nov 29, 2022

Upcoming dividend of US$0.98 per share

Less than half of directors are independent

Cango Inc. Declares Special Cash Dividend, Payable on November 23, 2022

Cango declares $0.50 special dividend

Cango Adds Used Cars, New Core App As Business Hits Second Quarter Speed Bump

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Cango Inc. Provides Revenue Guidance for the Third Quarter of 2022

Cango Non-GAAP EPS of RMB3.89, revenue of RMB289.2M

Cango Inc. to Report Q2, 2022 Results on Aug 29, 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Cango Inc. Launches Cango Haoche APP

Macro Headwinds Accelerate Cango's Drive To Car Trading From Auto Finance

First quarter 2022 earnings: Revenues in line with analyst expectations

Cango Inc. Provides Revenue Guidance for the Second Quarter of 2022

Cango Inc. to Report Q1, 2022 Results on Jun 09, 2022

Cango Inc. Announces Resignation of Xiaoyu Liu as Director, Effective May 19, 2022

Upcoming dividend of US$0.98 per share

Investors Could Be Concerned With Cango's (NYSE:CANG) Returns On Capital

Director notifies of intention to sell stock

Less than half of directors are independent

Cango Inc. Declares Special Cash Dividend, Payable on June 15, 2022

Cango Shifts Gears Into Macro Headwinds, With Eye On NEVs And Car Services

Cango Inc. (NYSE:CANG) Analysts Just Slashed This Year's Estimates

Full year 2021 earnings: Revenues in line with analyst expectations

Is Cango Inc. (NYSE:CANG) Potentially Undervalued?

Co-Founder notifies of intention to sell stock