How to buy Cango stock (CANG)

Cango is an auto & truck dealerships business based in the US. Cango shares (CANG) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $5.05 – an increase of 13.23% over the previous week. Cango employs 632 staff and has a trailing 12-month revenue of around $266.7 million.

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Cango stock price (NYSE: CANG)

Use our graph to track the performance of CANG stocks over time.

Cango shares at a glance

• Key figures

Information last updated 2024-12-18.

Latest market close	$5.05
52-week range	$0.96 - $9.66
50-day moving average more info button	$3.27
200-day moving average more info button	$2.05
Wall St. target price	$3.05
PE ratio more info button	44.4444
Dividend yield more info button	N/A
Earnings per share (TTM) more info button	$0.18

Is it a good time to buy Cango stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Cango price performance over time

Historical closes compared with the close of $5.76 from 2024-12-19

1 week (2024-12-13)	29.15%
1 month (2024-11-21)	47.69%
3 months (2024-09-20)	257.76%
6 months (2024-06-21)	244.91%

1 year (2023-12-21)	476.00%
2 years (2022-12-21)	333.08%
3 years (2021-12-21)	541.78%
5 years (2019-12-20)	164.01%

Is Cango stock undervalued or overvalued?

Valuing Cango stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cango's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Cango's P/E ratio

Cango's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 44x. In other words, Cango shares trade at around 44x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Cango's EBITDA

Cango's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $124.8 million.

The EBITDA is a measure of a Cango's overall financial performance and is widely used to measure a its profitability.

Cango financials

Revenue TTM	$266.7 million
Operating margin TTM	104.35%
Gross profit TTM	$-168,996,028
Return on assets TTM	1.54%
Return on equity TTM	3.54%
Profit margin	52.55%
Book value	$38.38
Market Capitalization more info button	$834.9 million

TTM: trailing 12 months

Cango share dividends

We're not expecting Cango to pay a dividend over the next 12 months.

Cango share price volatility

Over the last 12 months, Cango's shares have ranged in value from as little as $0.955 up to $9.66. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Cango's is 0.514. This would suggest that Cango's shares are less volatile than average (for this exchange).

Cango 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. .

Frequently asked questions

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What percentage of Cango is owned by insiders or institutions?
Currently 19.306% of Cango shares are held by insiders and 19.143% by institutions. How many people work for Cango?
Latest data suggests 632 work at Cango. When does the fiscal year end for Cango?
Cango's fiscal year ends in December. Where is Cango based?
Cango's address is: New Bund Oriental Plaza II, Shanghai, China, 200124 What is Cango's ISIN number?
Cango's international securities identification number is: US1375861036 What is Cango's CUSIP number?
Cango's Committee on Uniform Securities Identification Procedures number is: 137586103