CANG

Cango
CANG

$1.91

1.55%

Market Cap: 199M

About: Cango Inc is an automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. The services mainly consist of - automotive financing facilitation, automotive transaction facilitation, and aftermarket service facilitation. Geographically, it derives revenue from China.

Employees: 632

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

46% more capital invested

Capital invested by funds: $5.81M [Q4 2023] → $8.47M (+$2.66M) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

0.06% less ownership

Funds ownership: 2.9% [Q4 2023] → 2.84% (-0.06%) [Q1 2024]

14% less funds holding

Funds holding: 28 [Q4 2023] → 24 (-4) [Q1 2024]

63% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 8

67% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 6

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Research analyst outlook

We haven’t received any recent analyst ratings for CANG.

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Financial journalist opinion

Cango Inc. (CANG) Q1 2024 Earnings Call Transcript

Cango Inc. (NYSE:CANG ) Q1 2024 Earnings Conference Call June 12, 2024 9:00 AM ET Company Participants Jiayuan Lin - CEO Yongyi Zhang - CFO Conference Call Participants Pingyue Wu - Citic Securities Operator Good morning, and good evening, everyone. Welcome to Cango Inc.'s First Quarter 2024 Earnings Conference Call.

Cango Inc. (CANG) Q1 2024 Earnings Call Transcript

Cango Inc. Reports First Quarter 2024 Unaudited Financial Results

SHANGHAI , June 12, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its unaudited financial results for the first quarter of 2024. First Quarter 2024 Financial and Operational Highlights Total revenues were RMB64.4 million (US$8.9 million), compared with RMB542.6 million in the same period of 2023.

Cango Inc. Reports First Quarter 2024 Unaudited Financial Results

Cango Inc. to Report First Quarter 2024 Financial Results on June 12, 2024 Eastern Time

SHANGHAI , June 7, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it plans to release its first quarter 2024 financial results after the market closes on Wednesday, June 12, 2024. The earnings release will be available on the Company's investor relations website at http://ir.cangoonline.com/.

Cango Inc. to Report First Quarter 2024 Financial Results on June 12, 2024 Eastern Time

Cango Inc. Filed Its Annual Report on Form 20-F

SHANGHAI , April 26, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the "SEC") on April 26, 2024, U.S. Eastern Time. The annual report can be accessed on the Company's investor relations website at ir.cangoonline.com or the SEC's website at www.sec.gov.

Cango Inc. Filed Its Annual Report on Form 20-F

Cango Inc. Announces Up to US$50 Million New Share Repurchase Program

SHANGHAI, April 23, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that its board of directors has authorized a new share repurchase program (the "New Share Repurchase Program") under which the Company may repurchase up to US$50 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing two Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 12 months starting from April 25, 2024. The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, in accordance with applicable rules and regulations.

Cango Inc. Announces Up to US$50 Million New Share Repurchase Program

Cango Inc. (CANG) Q4 2023 Earnings Call Transcript

Cango Inc. (NYSE:CANG ) Q4 2023 Earnings Conference Call March 11, 2024 9:00 PM ET Company Participants Jiayuan Lin - CEO Yongyi Zhang - CFO Conference Call Participants Pingyue Wu - Citic Securities Operator Good morning and good evening, everyone. Welcome to Cango Inc.'s Fourth Quarter and Fiscal Year 2023 Earnings Conference Call.

Cango Inc. (CANG) Q4 2023 Earnings Call Transcript

Cango Inc. Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

SHANGHAI , March 11, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its unaudited financial results for the fourth quarter and full year of 2023. Fourth Quarter 2023 Financial and Operational Highlights Total revenues were RMB130.2 million (US$18.3 million), compared with RMB487.1 million in the same period of 2022.

Cango Inc. Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

Cango Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on March 11, 2024 Eastern Time

SHANGHAI , March 5, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it plans to release its fourth quarter and full year 2023 financial results after the market closes on Monday, March 11, 2024. The earnings release will be available on the Company's investor relations website at http://ir.cangoonline.com/.

Cango Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on March 11, 2024 Eastern Time

Cango Announces Strategic Partnership with Caocao Mobility for Next-Generation Smart Mobility Ecosystem

SHANGHAI , Jan. 26, 2024 /PRNewswire/ -- On January 17, 2024, Caocao Mobility and Cango embarked on a strategic partnership in smart mobility to explore areas including new car sales, used car transactions, financing services, and mobility offerings, marking the occasion with a signing ceremony. The parties are committed to fostering a next-generation smart mobility ecosystem by fully leveraging their respective advantages and resources and embracing their synergies.

Cango Announces Strategic Partnership with Caocao Mobility for Next-Generation Smart Mobility Ecosystem

NaaS and CANGO Jointly Release the "Initiative on Sustainability of Enterprise-Community Integration in the Middle East"

DUBAI , UAE, Dec. 12, 2023 /PRNewswire/ -- In the era of globalization, companies play an important role in helping solving social problems, and promoting social progress and sustainability while creating economic value. In this sense, it is an important task for all countries worldwide to promote enterprise-community integration and development.

NaaS and CANGO Jointly Release the "Initiative on Sustainability of Enterprise-Community Integration in the Middle East"

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