Cango Inc. (CANG)
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- symbol CANG
- Rev/Share 8.6428
- Book/Share 18.6317
- PB 0.8406
- Debt/Equity 0.2156
- CurrentRatio 1.4063
- ROIC 0.0051
- MktCap 3252836657.7495
- FreeCF/Share 0.0
- PFCF 0.0
- PE 1336.6381
- Debt/Assets 0.1182
- DivYield 0
- ROE 0.0006
- Rating B-
- Score 2
- Recommendation Sell
- P/E Score 1
- DCF Score 1
- P/B Score 4
- D/E Score 3
Recent Analyst Ratings
| Type | Ticker | Analyst Firm | Previous Rating | Current Rating | Previous Price Target | Current Price Target | Date |
|---|---|---|---|---|---|---|---|
| No ratings available. | |||||||
News
Cango Inc. Announces Fourth Amendment to Share-Settled Crypto Mining Assets Acquisitions
Published: June 23, 2025 by: PRNewsWire
Sentiment: Neutral
HONG KONG , June 23, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has entered into the fourth amendment (the "Fourth Amendment") to the On-Rack Sales and Purchase Agreement (the "Purchase Agreement") dated November 6, 2024 for the acquisitions of on-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second through issuance of Class A ordinary shares of the Company to the sellers (the "Share-Settled Transactions"). The Company announced signing of the Purchase Agreement on November 6, 2024, and amendments to the agreement on March 26, 2025, April 3, 2025 …
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Cango Inc. Announces May 2025 Production Update for Crypto Mining Business
Published: June 03, 2025 by: PRNewsWire
Sentiment: Neutral
HONG KONG , June 3, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in May 2025. Bitcoin Mining Update for May 2025 Metrics May 2025 1 Apr 2025 1 Number of Bitcoins produced 484.5 470.0 Average number of Bitcoins produced per day 15.63 15.67 Total number of Bitcoins held 2 3,429.3 2,944.8 Total number of Bitcoins sold 2 - - Deployed hashrate 2 32 EH/s 32 EH/s Average operating hashrate 3 29.86 EH/s 29.94 EH/s 1.
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Cango Inc. Announces Definitive Agreement with Founders and EWCL
Published: June 02, 2025 by: PRNewsWire
Sentiment: Neutral
HONG KONG , June 2, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that the Company's co-founders, Mr. Xiaojun Zhang and Mr.
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Cango Inc. Reports Q1 2025 Bitcoin Mining Revenue Meets Apollo Insights' Expectations, Firm Highlights Solid Operational Metrics and Growth Potential
Published: May 19, 2025 by: PRNewsWire
Sentiment: Neutral
SHANGHAI , May 19, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a rapidly expanding leader in Bitcoin mining, today announced the release of Apollo Insights' first quarter review of the Company's performance, which highlighted that Cango's Q1 2025 Bitcoin mining revenue was in line with their expectations and noted the Company's solid operational metrics and potential for future growth. The Apollo Insights review, titled "Q1 BTC Mining Revenue In-Line, Deployed Hash Rate Poised For Growth," reported Cango's Q1 2025 Bitcoin mining revenue at RMB 1,046 million, in line with the firm's estimates.
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Cango Inc. Announces Results of Extraordinary General Meeting
Published: May 16, 2025 by: PRNewsWire
Sentiment: Neutral
SHANGHAI , May 16, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that all resolutions presented to the shareholders at its extraordinary general meeting held on May 16, 2025 (the "Extraordinary General Meeting") were duly passed. Each was approved by no less than 99.3% of the total votes cast, and no less than 80% of the votes cast by non-affiliate shareholders of the Company were in favor of each of the resolutions.
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Cango Inc. to Report First Quarter 2025 Financial Results on May 14, 2025 Eastern Time
Published: May 09, 2025 by: PRNewsWire
Sentiment: Neutral
SHANGHAI , May 9, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it plans to release its first quarter 2025 financial results after the market closes on Wednesday, May 14, 2025. The earnings release will be available on the Company's investor relations website at http://ir.cangoonline.com.
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Cango Inc. Maintains Strong Mining Efficiency and Expands Bitcoin Holdings Amidst April Production Shift
Published: May 07, 2025 by: PRNewsWire
Sentiment: Neutral
SHANGHAI , May 7, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG), a leading bitcoin mining company, recently released its April 2025 production update for its crypto mining operations. In April 2025, Cango mined a total of 470.0 Bitcoins, an 11.3% decrease compared to 530.1 Bitcoins mined in March 2025.
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Cango Inc. Announces April 2025 Production Update for Crypto Mining Business
Published: May 06, 2025 by: PRNewsWire
Sentiment: Neutral
SHANGHAI , May 6, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in April 2025. Bitcoin Mining Update for April 2025 Metrics Apr 2025 1 Mar 2025 1 Number of Bitcoins produced 470.0 530.1 Average number of Bitcoins produced per day 15.7 17.1 Total number of Bitcoins held 2 2,944.8 2,474.8 Total number of Bitcoins sold 2 - - Deployed hashrate 2 32 EH/s 32 EH/s Average operating hashrate 3 29.9 EH/s 30.3 EH/s 1.
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Cango Inc. Gains Positive Outlook with Initiation of Coverage by Apollo Insights
Published: April 29, 2025 by: PRNewsWire
Sentiment: Neutral
SHANGHAI , April 29, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a rapidly expanding leader in Bitcoin mining, announced the initiation of coverage by Apollo Insights, an independent equity research firm. Apollo Insights initiated coverage on Cango on April 22, 2025, following the release of its equity research report and investment thesis titled "Cango Catapults Into Bitcoin Mining".
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Apollo Insights Initiates Coverage of Cango Inc.
Published: April 22, 2025 by: GlobeNewsWire
Sentiment: Neutral
NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) -- Apollo Insights, an independent equity research firm, has initiated coverage of Cango Inc. (NYSE: CANG) highlighting Cango's move into bitcoin mining, market analysis and prospects.
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Cango Paves Way For Takeover By Agreeing To Sell China-based Business
Published: April 07, 2025 by: Benzinga
Sentiment: Positive
The $352 million sale could pave the way for a Singapore-linked entity to take control of Cango as it transitions from car trader to bitcoin miner
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Cango Inc. Announces Definitive Agreements to Dispose PRC Business
Published: April 03, 2025 by: PRNewsWire
Sentiment: Neutral
SHANGHAI , April 3, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has entered into definitive agreements to sell its existing business in the PRC (the "PRC Business") to Ursalpha Digital Limited, a company incorporated under the laws of British Virgin Islands (the "Purchaser"), for a total consideration of approximately US$351.94 million in cash (with initial payment of approximately US$210.64 million on the closing date and the remaining amount to be paid subject to the Company's fulfillment of certain tax filing and payment obligations and in quarterly installments based on reduction in the …
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Cango Inc. Announces Extension of Deadline to Close Share-Settled Crypto Mining Assets Acquisitions
Published: March 26, 2025 by: PRNewsWire
Sentiment: Neutral
SHANGHAI , March 26, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced an extension of the deadline to close its proposed acquisitions of on-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second ("EH") through issuance of Class A ordinary shares of the Company to the sellers (the "Share-Settled Transactions"). The Company announced signing of the On-Rack Sales and Purchase Agreement (the "Purchase Agreement") for the Share-Settled Transactions on November 6, 2024, which contemplated closing of the Share-Settled Transactions by March 31, 2025 (the "Long Stop Date").
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Cango Inc. (CANG) Q4 2024 Earnings Call Transcript
Published: March 07, 2025 by: Seeking Alpha
Sentiment: Neutral
Cango Inc. (NYSE:CANG ) Q4 2024 Results Earnings Conference Call March 6, 2025 8:00 PM ET Company Participants Jiayuan Lin - Founder and Chief Executive Officer Yongyi Zhang - Chief Financial Officer Conference Call Participants Pingyue Wu - CITIC Securities Emerson Zhao - Goldman Sachs Ming Zi Cai - Minsheng Securities Operator Good morning and good evening, everyone. Welcome to Cango, Inc.'s fourth quarter and full year 2024 earnings conference call.
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Cango Inc. to Report Fourth Quarter and Full Year 2024 Financial Results on March 6, 2025 Eastern Time
Published: February 28, 2025 by: PRNewsWire
Sentiment: Neutral
SHANGHAI , Feb. 28, 2025 /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 2024 financial results after the market closes on Thursday, March 6, 2025. The earnings release will be available on the Company's investor relations website at http://ir.cangoonline.com.
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About Cango Inc. (CANG)
- IPO Date 2018-07-26
- Website https://www.cangoonline.com
- Industry Auto - Dealerships
- CEO Jiayuan Lin
- Employees 217