Cango (NYSE:CANG) Rating Increased to Sell at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Cango (NYSE:CANG – Free Report) from a strong sell rating to a sell rating in a research report report published on Sunday.

Several other brokerages have also recently commented on CANG. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Cango in a report on Tuesday, February 10th. Zacks Research upgraded shares of Cango from a “strong sell” rating to a “hold” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.00.

Read Our Latest Report on Cango

Cango Stock Performance

Shares of CANG opened at $0.52 on Friday. Cango has a 12 month low of $0.33 and a 12 month high of $2.10. The firm has a fifty day simple moving average of $0.49 and a 200 day simple moving average of $1.21. The stock has a market capitalization of $92.57 million, a price-to-earnings ratio of -0.18 and a beta of 0.99. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.40.

Cango (NYSE:CANG – Get Free Report) last announced its earnings results on Tuesday, March 17th. The company reported ($1.60) EPS for the quarter, missing the consensus estimate of ($0.27) by ($1.33). Cango had a negative return on equity of 49.13% and a negative net margin of 83.92%.The business had revenue of $179.45 million for the quarter, compared to analyst estimates of $1.24 billion. Research analysts forecast that Cango will post -0.41 EPS for the current fiscal year.

Institutional Trading of Cango

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in Cango during the fourth quarter worth $1,677,000. CI Investments Inc. raised its position in Cango by 206.7% during the fourth quarter. CI Investments Inc. now owns 105,456 shares of the company’s stock worth $158,000 after acquiring an additional 71,076 shares in the last quarter. Jump Financial LLC bought a new stake in Cango during the second quarter worth $246,000. Finally, BNP Paribas Financial Markets raised its position in Cango by 34.5% during the third quarter. BNP Paribas Financial Markets now owns 15,923 shares of the company’s stock worth $68,000 after acquiring an additional 4,082 shares in the last quarter. 4.22% of the stock is owned by institutional investors.

Key Headlines Impacting Cango

Here are the key news stories impacting Cango this week:

  • Positive Sentiment: Greenridge Global raised its FY2026 EPS estimate to a smaller loss of $0.32 from $0.51, suggesting improved profitability versus its prior view.
  • Neutral Sentiment: The “Cango Tango” travel articles refer to South Africa’s tourist attraction and appear unrelated to Cango Inc. South Africa: The Cango Tango – Adventures in South Africa’s Oldest Tourist Attraction
  • Negative Sentiment: Greenridge Global cut multiple near-term EPS forecasts for Cango, including Q2 2026 to -$0.09, Q3 2026 to -$0.04, and Q4 2026 to $0.01, implying weaker expected earnings momentum.
  • Negative Sentiment: The analyst also lowered FY2027 EPS to $0.07 from $0.23, and reduced several 2027 quarterly estimates, which may pressure sentiment around longer-term growth expectations.
  • Negative Sentiment: Cango’s latest reported results were already weak, with a large earnings miss and revenue far below consensus, reinforcing investor concerns about execution and profitability.

Cango Company Profile

(Get Free Report)

Cango Inc (“Cango”) is a leading smart automotive transaction service provider in China, headquartered in Shanghai. The company operates an online‐to‐offline platform that integrates vehicle sourcing, financing, distribution and insurance, offering a comprehensive ecosystem for automakers, dealers and consumers. Leveraging big data analytics and cloud computing, Cango connects buyers and sellers through its proprietary digital infrastructure, facilitating transparent and efficient transactions across the automotive value chain.

Cango’s core offerings include auto financing solutions for new and used vehicles, extended consumer loans and wealth management products.

Further Reading