CANG: Cango, Inc.
About
Cango, Inc. is a holding company, which engages in the development and operation of automotive transaction service platform for connecting dealers, financial institutions, and car buyers. The firm's services cover each key component of the automotive transaction value chain, including pre-sale automobile trading solutions, during-sale automotive financing facilitation services, and post-sale after-market services facilitation. The company was founded by Jia Yuan Lin and Xiao Jun Zhang in August 2010 and is headquartered in Shanghai, China.
Current Value
$3.531 Year Return
Current Value
$3.531 Year Return
Key Details
Market Cap
$253.50M
P/E Ratio
7.51
1Y Stock Return
212.50%
1Y Revenue Growth
-86.74%
Dividend Yield
0.00%
Price to Book
0.4
Strategies that include CANG
Stock's related to CANG
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| SMLR | 29.85% | $336.72M | +25.48% | 0.00% |
| KC | 29.20% | $1.16B | -4.97% | 0.00% |
| THRM | 25.70% | $1.28B | -10.01% | 0.00% |
| IOVA | 25.39% | $2.50B | +58.41% | 0.00% |
| EBS | 24.55% | $448.10M | +295.69% | 0.00% |
| API | 23.92% | $299.01M | +33.12% | 0.00% |
| BAH | 23.87% | $17.62B | +9.13% | 1.47% |
| TEM | 23.84% | $8.50B | 0.00% | 0.00% |
| NKLA | 23.22% | $118.08M | -93.09% | 0.00% |
| LVO | 22.34% | $73.65M | -26.68% | 0.00% |
| AM | 21.88% | $7.47B | +18.85% | 5.82% |
| ACRS | 21.50% | $327.87M | +415.67% | 0.00% |
| MEI | 21.29% | $326.37M | -60.53% | 6.06% |
| DTM | 21.19% | $10.01B | +81.71% | 2.87% |
| CDNS | 20.91% | $82.18B | +10.81% | 0.00% |
| JILL | 20.88% | $368.36M | -21.45% | 0.58% |
| EGAN | 20.72% | $143.48M | -33.02% | 0.00% |
| TITN | 20.66% | $323.79M | -47.25% | 0.00% |
| OLLI | 20.50% | $5.48B | +15.97% | 0.00% |
| PSMT | 20.47% | $2.70B | +32.81% | 1.34% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| USB | <0.01% | $78.63B | +36.18% | 3.88% |
| DIN | -<0.01% | $491.55M | -27.79% | 6.39% |
| PDD | 0.01% | $163.43B | +0.29% | 0.00% |
| CNMD | -0.01% | $2.22B | -33.71% | 1.12% |
| LXP | 0.01% | $2.70B | +9.82% | 5.66% |
| CSWI | 0.03% | $7.00B | +139.73% | 0.20% |
| HP | 0.04% | $3.30B | -10.93% | 3.02% |
| CAH | -0.05% | $28.64B | +12.14% | 1.70% |
| RLI | -0.05% | $8.01B | +29.25% | 0.64% |
| TCTM | -0.05% | $8.10M | -42.99% | 0.00% |
| BAK | 0.05% | $878.18M | -36.93% | 0.00% |
| ASO | 0.06% | $3.24B | -4.48% | 0.93% |
| ANIP | 0.06% | $1.17B | +7.49% | 0.00% |
| AA | -0.06% | $11.78B | +72.79% | 0.88% |
| EDU | -0.06% | $9.06B | -22.20% | 0.00% |
| VRNT | 0.06% | $1.44B | +0.69% | 0.00% |
| ENPH | -0.07% | $8.29B | -37.59% | 0.00% |
| BLBD | -0.07% | $1.22B | +105.46% | 0.00% |
| OSPN | -0.07% | $644.33M | +69.09% | 0.00% |
| GOOD | -0.07% | $758.90M | +40.97% | 6.47% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| ERIE | -24.17% | $19.39B | +46.23% | 1.23% |
| CPRI | -20.98% | $2.36B | -58.95% | 0.00% |
| PANW | -18.12% | $126.99B | +46.98% | 0.00% |
| ABBV | -17.36% | $294.35B | +20.07% | 3.72% |
| FLR | -15.15% | $9.03B | +40.83% | 0.00% |
| ALL | -15.01% | $52.06B | +45.67% | 1.85% |
| AMN | -14.67% | $953.75M | -62.61% | 0.00% |
| PRPH | -14.20% | $18.14M | -82.61% | 0.00% |
| MPAA | -14.08% | $134.99M | -29.46% | 0.00% |
| GHI | -14.04% | $272.26M | -27.60% | 12.75% |
| CRI | -13.96% | $1.87B | -23.02% | 6.09% |
| TGT | -13.09% | $71.87B | +19.27% | 2.59% |
| AGRO | -12.85% | $1.14B | -3.43% | 3.14% |
| FF | -12.34% | $227.57M | +21.57% | 4.55% |
| WHF | -11.85% | - | - | 14.53% |
| MED | -11.55% | $189.44M | -73.66% | 0.00% |
| GSK | -11.11% | $68.24B | -5.43% | 4.71% |
| GNE | -10.95% | $425.67M | -37.42% | 1.92% |
| CALM | -10.93% | $4.64B | +99.37% | 3.07% |
| PSEC | -10.91% | - | - | 15.48% |
ETF's related to CANG
News
Finnhub
Cango Inc. Announces Change of Independent Registered Public Accounting Firm SHANGHAI, Nov. 18, 2024 /PRNewswire/ -- Cango Inc. , a leading automotive transaction service platform in...
Finnhub
Cango Inc. Completes Cash-Settled Acquisitions of Crypto Mining Assets SHANGHAI, Nov. 15, 2024 /PRNewswire/-- Cango Inc. , a leading automotive transaction service platform in China,...
Yahoo
Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced the appointment of MaloneBailey, LLP ("MaloneBailey") as the Company's independent registered public accounting firm for the year ending December 31, 2024 and on the effectiveness of the Company's internal control over financial reporting as of December 31, 2024, effective on November 18, 2024.
Finnhub
SHANGHAI, Nov. 15, 2024 /PRNewswire/ -- Cango Inc. , a leading automotive transaction service platform in China, today announced that it has completed the previously announced acquisition of on-rack...
Finnhub
Cango Inc. Announces Agreements to Acquire Crypto Mining Assets SHANGHAI, Nov. 6, 2024 /PRNewswire/-- Cango Inc. , a leading automotive transaction service platform in China, today...
Yahoo
Cango (CANG) has released an update. Cango Inc. reported a significant turnaround in the third quarter of 2024, achieving a net income of RMB67.9 million compared to a loss in the same period last year, driven by strategic cost management and reduced credit risk exposure. The company has enhanced its automotive transaction services, focusing on its Cango U-car app and international used car platform, AutoCango.com, to expand market reach. Despite a drop in total revenues, Cango’s operational foc
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.