Cango (CANG) Projected to Post Quarterly Earnings on Wednesday

Cango (NYSE:CANG) is projected to announce its Q1 2026 results after the market closes on Wednesday, May 13th. Analysts expect the company to announce earnings of ($0.34) per share and revenue of $102.2170 million for the quarter. Investors can check the company’s upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Thursday, May 21, 2026 at 12:30 PM ET.

Cango (NYSE:CANG) last released its earnings results on Tuesday, March 17th. The company reported ($1.60) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($1.33). The business had revenue of $179.45 million for the quarter, compared to analysts’ expectations of $1.24 billion. Cango had a negative net margin of 83.92% and a negative return on equity of 49.13%. On average, analysts expect Cango to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cango Trading Down 5.1%

Shares of NYSE CANG opened at $0.66 on Tuesday. The stock has a market cap of $116.55 million, a price-to-earnings ratio of -0.22 and a beta of 0.99. The business has a 50 day simple moving average of $0.51 and a 200 day simple moving average of $1.31. Cango has a 52 week low of $0.33 and a 52 week high of $2.10. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.71 and a current ratio of 0.71.

Institutional Investors Weigh In On Cango

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its holdings in Cango by 34.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,923 shares of the company’s stock worth $68,000 after purchasing an additional 4,082 shares during the last quarter. CI Investments Inc. lifted its holdings in Cango by 206.7% in the 4th quarter. CI Investments Inc. now owns 105,456 shares of the company’s stock worth $158,000 after purchasing an additional 71,076 shares during the last quarter. Jump Financial LLC acquired a new stake in Cango in the 2nd quarter worth approximately $246,000. Finally, Marshall Wace LLP acquired a new stake in Cango in the 4th quarter worth approximately $1,677,000. 4.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on CANG. Zacks Research raised Cango from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 16th. Wall Street Zen cut Cango to a “strong sell” rating in a research note on Saturday. Finally, HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of Cango in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $3.00.

Cango Company Profile

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.