Cango (CANG) to Post Earnings on Monday

Cango (NYSE:CANG) will likely be issuing its Q2 2026 results after the market closes on Monday, August 31st. Analysts expect the company to announce earnings of ($0.90) per share and revenue of $60.0150 million for the quarter. Individuals can find conference call details on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Monday, August 31, 2026 at 9:00 PM ET.

Cango (NYSE:CANG) last announced its quarterly earnings results on Monday, June 1st. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.54). The firm had revenue of $102.00 million for the quarter, compared to analyst estimates of $100.41 million. Cango had a negative net margin of 125.53% and a negative return on equity of 105.01%. On average, analysts expect Cango to post $-7 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cango Stock Down 15.8%

Cango stock opened at $2.18 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.00. Cango has a one year low of $1.36 and a one year high of $21.00. The company has a 50-day simple moving average of $1.95 and a 200-day simple moving average of $4.13. The firm has a market capitalization of $38.74 million, a P/E ratio of -0.06 and a beta of 1.11.

Analyst Upgrades and Downgrades

Several research firms have commented on CANG. Zacks Research upgraded shares of Cango from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cango in a report on Friday, August 21st. Finally, Wall Street Zen upgraded Cango to a “sell” rating in a research report on Saturday, July 25th. One equities research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Cango has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Institutional Investors Weigh In On Cango

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new stake in Cango in the fourth quarter worth about $1,677,000. CI Investments Inc. increased its stake in Cango by 206.7% during the 4th quarter. CI Investments Inc. now owns 105,456 shares of the company’s stock valued at $158,000 after buying an additional 71,076 shares during the period. BNP Paribas Financial Markets raised its position in shares of Cango by 34.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,923 shares of the company’s stock worth $68,000 after buying an additional 4,082 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Cango during the 2nd quarter worth about $246,000. 4.22% of the stock is currently owned by institutional investors.

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.