Cango Inc

Company Profile

Cango Inc had its IPO on 2018-07-26 under the ticker symbol CANG.

The company operates in the Consumer Cyclical sector and Auto & Truck Dealerships industry. Cango Inc has a staff strength of 827 employees.

Stock update

Shares of Cango Inc opened at $1.16 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $1.16 - $1.21, and closed at $1.19.

This is a +3.48% increase from the previous day's closing price.

A total volume of 20,904 shares were traded at the close of the day’s session.

In the last one week, shares of Cango Inc have slipped by -5.56%.

Cango Inc's Key Ratios

Cango Inc has a market cap of $157.66 million, indicating a price to book ratio of 0.2201 and a price to sales ratio of 0.0709.

In the last 12-months Cango Inc’s revenue was $1.98 billion with a gross profit of $-168996028 and an EBITDA of $-641796672. The EBITDA ratio measures Cango Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Cango Inc’s operating margin was -32.68% while its return on assets stood at -4.5% with a return of equity of -19.65%.

In Q4, Cango Inc’s quarterly earnings growth was a negative -91.5% while revenue growth was a negative 53.6%.

Cango Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-1.16 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Cango Inc’s profitability.

Cango Inc stock is trading at a EV to sales ratio of 0.0255 and a EV to EBITDA ratio of 0.278. Its price to sales ratio in the trailing 12-months stood at 0.0709.

Cango Inc stock pays annual dividends of $0 per share, indicating a yield of 4.52% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$7.02 billion

Total Liabilities

$2.53 billion

Operating Cash Flow

$0

Capital Expenditure

$4.61 billion

Dividend Payout Ratio

0%

Cango Inc ended 2024 with $7.02 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $7.02 billion while shareholder equity stood at $4.32 billion.

Cango Inc ended 2024 with $0 in deferred long-term liabilities, $2.53 billion in other current liabilities, 204260.00 in common stock, $9.11 million in retained earnings and $148.66 million in goodwill. Its cash balance stood at $378.92 million and cash and short-term investments were $2.32 billion. The company’s total short-term debt was $924,355,547 while long-term debt stood at $75.87 million.

Cango Inc’s total current assets stands at $5.47 billion while long-term investments were $0 and short-term investments were $1.94 billion. Its net receivables were $1.64 billion compared to accounts payable of $0 and inventory worth $0.

In 2024, Cango Inc's operating cash flow was $0 while its capital expenditure stood at $4.61 billion.

Comparatively, Cango Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$1.19

52-Week High

$2.0648

52-Week Low

$1.01

Analyst Target Price

$2.99

Cango Inc stock is currently trading at $1.19 per share. It touched a 52-week high of $2.0648 and a 52-week low of $2.0648. Analysts tracking the stock have a 12-month average target price of $2.99.

Its 50-day moving average was $1.25 and 200-day moving average was $1.25 The short ratio stood at 0.67 indicating a short percent outstanding of 0%.

Around 864.7% of the company’s stock are held by insiders while 2900.8% are held by institutions.