CANG Stock - Cango Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $804.49M | $1.70B | $1.98B | $3.92B | $2.05B |
| Gross Profit | $444.97M | $190.06M | $150.36M | $963.71M | $954.31M |
| Gross Margin | 55.3% | 11.2% | 7.6% | 24.6% | 46.5% |
| Operating Income | $178.89M | $-73,751,027 | $-947,143,124 | $-23,249,616 | $318.30M |
| Net Income | $299.82M | $-37,873,274 | $-1,111,207,883 | $-8,544,352 | $3.37B |
| Net Margin | 37.3% | -2.2% | -56.1% | -0.2% | 164.2% |
| EPS | $0.72 | $-0.07 | $-2.02 | $-0.01 | $5.61 |
Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the People's Republic of China. The company offers automobile trading solutions, including car sourcing, logistics, and warehousing support for dealers; and facilitation of car purchases for car buyers. It also facilitates automotive financing services that include facilitating financing transactions from financial institutions to 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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| July 23rd 2025 | H.C. Wainwright | Initiation | Buy | $8 |
Earnings History & Surprises
CANGEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 12, 2026 | — | — | — | — |
Q1 2026 | Mar 5, 2026 | $-0.02 | — | — | — |
Q4 2025 | Dec 1, 2025 | $-0.20 | $0.19 | +195.0% | ✓ BEAT |
Q4 2025 | Nov 10, 2025 | $-0.20 | $0.09 | +145.0% | ✓ BEAT |
Q2 2025 | May 14, 2025 | $7.06 | $-0.25 | -103.5% | ✗ MISS |
Q1 2025 | Mar 6, 2025 | — | $0.07 | — | — |
Q4 2024 | Nov 4, 2024 | — | $0.09 | — | — |
Q3 2024 | Aug 29, 2024 | — | $0.11 | — | — |
Q2 2024 | Jun 12, 2024 | — | $0.12 | — | — |
Q1 2024 | Mar 11, 2024 | $0.05 | $-0.13 | -349.5% | ✗ MISS |
Q4 2023 | Nov 27, 2023 | $0.08 | $-0.05 | -159.9% | ✗ MISS |
Q3 2023 | Aug 23, 2023 | $0.09 | $0.05 | -44.2% | ✗ MISS |
Q2 2023 | Jun 8, 2023 | $0.10 | $0.10 | -4.6% | ✗ MISS |
Q1 2023 | Mar 9, 2023 | $-0.11 | $-0.58 | -427.3% | ✗ MISS |
Q4 2022 | Nov 29, 2022 | $-0.21 | $-0.11 | +47.6% | ✓ BEAT |
Q3 2022 | Aug 29, 2022 | $-0.16 | $-0.21 | -31.2% | ✗ MISS |
Q2 2022 | Jun 9, 2022 | $-0.03 | $-0.13 | -389.3% | ✗ MISS |
Q1 2022 | Mar 10, 2022 | $0.35 | $0.16 | -54.3% | ✗ MISS |
Q4 2021 | Nov 22, 2021 | $0.05 | $-0.42 | -940.0% | ✗ MISS |
Q3 2021 | Aug 19, 2021 | $0.25 | $0.60 | +140.0% | ✓ BEAT |
Latest News
Cango Reports November 2025 Bitcoin Production 546.7 With Average 18.22 Bitcoin Per Day, Holdings 6,959.3 BTC, Deployed Hashrate 50 EH/s
➖ NeutralHC Wainwright & Co. Maintains Buy on Cango, Lowers Price Target to $3
➖ NeutralCango shares are trading lower. The company reported Q3 financial results.
📉 NegativeCango Q3 Adj. EPS $(0.10) Beats $(0.20) Estimate, Sales $224.636M Beat $173.700M Estimate
📈 PositiveCango Inc. GAAP EPS of $0.10, revenue of $224.64M
📈 PositiveCango Says That Its Class A Ordinary Shares Will Begin Trading On Monday, November 17, 2025, On The NYSE After The Termination Of The Company's American Depositary Receipt Program
➖ NeutralCango Produces Over 600 Bitcoin in October as Mining, Boosts Bitcoin Holdings to 6,412 as Hashrate Remains Strong at 50 EH/s
📈 PositiveCango To Terminate ADR Program Nov. 14, 2025; ADSs Canceled With 2 Class A Shares Per ADS Distributed; Direct NYSE Listing As "CANG" Begins Nov. 17
📈 PositiveCango Inc. Announces September 2025 Bitcoin Production Of 616.6 BTC With 20.55 BTC Per Day Average Output
📈 PositiveHC Wainwright & Co. Reiterates Buy on Cango, Maintains $8 Price Target
📈 PositiveCango Q2 Adj. EPS $(0.36) Misses $(0.08) Estimate, Sales $139.841M Beat $137.700M Estimate
📉 NegativeCango Mines 663.7 Bitcoin in August, Boosts Holdings to Over 5,190 BTC
📈 PositiveFrequently Asked Questions about CANG
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