Cango/$CANG

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About Cango

Cango Inc through its subsidiaries, variable interest entities (VIEs), and subsidiaries of the VIEs, are principally engaged in bitcoin mining business, and the automobile trading transaction, automotive financing facilitation, and aftermarket service facilitation businesses (collectively, the automobile and related businesses). The Company conducts the bitcoin mining business mainly through its subsidiaries, and the automobile and related businesses are conducted through the Company's VIEs and the subsidiaries of the VIEs. The company derives majority of its revenue from the bitcoin mining business.

Ticker

$CANG

Primary listing

NYSE

Industry

Specialty Retail
Headquarters

Employees

217

ISIN

US1375861036

Cango Metrics

BasicAdvanced
$955M
1648.14
$0.00
0.56
-

What the Analysts think about Cango

Analyst ratings (Buy, Hold, Sell) for Cango stock.

Bulls say / Bears say

Cango Inc. achieved a significant financial turnaround in 2024, reporting a net income of RMB299.8 million, a stark contrast to the net loss recorded in 2023. This improvement was largely driven by the launch of its Bitcoin mining business in November 2024, which contributed RMB653.0 million in revenue within just two months. (tipranks.com)
The company's strategic shift towards Bitcoin mining has not only diversified its revenue streams but also positioned it favorably in the rapidly growing cryptocurrency sector, potentially leading to sustained profitability. (tipranks.com)
Cango's management has expressed optimism about expanding their Bitcoin mining capabilities and maintaining a strong focus on their automotive business, indicating a balanced approach to growth and risk management. (tipranks.com)
Despite the profitability achieved in 2024, Cango's total revenues declined by 53% compared to the previous year, indicating potential challenges in its core automotive business. (simplywall.st)
The company's heavy reliance on the volatile cryptocurrency market through its Bitcoin mining operations introduces significant financial risk, especially given the unpredictable nature of cryptocurrency valuations. (tipranks.com)
Cango's projected revenues for the first quarter of 2024 are expected to be between RMB50 million and RMB100 million, reflecting a substantial decrease from previous quarters and raising concerns about the sustainability of its revenue streams. (prnewswire.com)
Data summarised monthly by Lightyear AI. Last updated on 7 Jul 2025.

Cango Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Cango Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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