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Cango Third Quarter 2024 Earnings: EPS: CN¥1.31 (vs CN¥0.45 loss in 3Q 2023)
Cango (NYSE:CANG) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥27.0m (down 92% from 3Q 2023).
- Net income: CN¥67.9m (up from CN¥49.1m loss in 3Q 2023).
- EPS: CN¥1.31 (up from CN¥0.45 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cango shares are up 23% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Cango (1 is potentially serious) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:CANG
Cango
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.
Flawless balance sheet and fair value.