Consumer Cyclical -
Auto - Dealerships - NYSE - CN
$ 3.89
4.29 %
$ 387 M
Market Cap
11.11
P/E
1. INTRINSIC VALUE
Balance Sheet
Cango Inc.
| Current Assets | 3.46 B |
| Cash & Short-Term Investments | 2.52 B |
| Receivables | 77.4 M |
| Other Current Assets | 860 M |
| Non-Current Assets | 2.51 B |
| Long-Term Investments | 0 |
| PP&E | 1.82 B |
| Other Non-Current Assets | 691 M |
| Current Liabilities | 1.83 B |
| Accounts Payable | 2.16 M |
| Short-Term Debt | 132 M |
| Other Current Liabilities | 1.7 B |
| Non-Current Liabilities | 47.8 M |
| Long-Term Debt | 37 M |
| Other Non-Current Liabilities | 10.7 M |
EFFICIENCY
Earnings Waterfall
Cango Inc.
| Revenue | 804 M |
| Cost Of Revenue | 360 M |
| Gross Profit | 445 M |
| Operating Expenses | 266 M |
| Operating Income | 179 M |
| Other Expenses | -121 M |
| Net Income | 300 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Cango Inc.
| Net Income | 300 M |
| Depreciation & Amortization | 6.67 M |
| Capital Expenditures | -929 M |
| Stock-Based Compensation | 17.1 M |
| Change in Working Capital | 0 |
| Others | -794 M |
| Free Cash Flow | -1.24 B |
Wall Street Analysts Price Targets
Cango Inc.
CANG has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
0.00%
DIVIDEND YIELD
0.98 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Cango Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Apollo Insights Initiates Coverage of Cango Inc.
NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) -- Apollo Insights, an independent equity research firm, has initiated coverage of Cango Inc. (NYSE: CANG) highlighting Cango's move into bitcoin mining, market analysis and prospects.
globenewswire.com
- 6 days ago
Cango Paves Way For Takeover By Agreeing To Sell China-based Business
The $352 million sale could pave the way for a Singapore-linked entity to take control of Cango as it transitions from car trader to bitcoin miner
benzinga.com
- 2 weeks ago
Cango Inc. Achieves 12% Growth in Bitcoin Production for March 2025
SHANGHAI , April 7, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a rapidly expanding leader in Bitcoin mining, announced its production update for its crypto mining business for March 2025, highlighting significant growth in Bitcoin production. In March 2025, Cango produced a total of 530.1 Bitcoins, representing a 12% increase compared to 472.7 Bitcoins produced in February 2025.
prnewswire.com
- 3 weeks ago
Cango Inc. Announces Definitive Agreements to Dispose PRC Business
SHANGHAI , April 3, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has entered into definitive agreements to sell its existing business in the PRC (the "PRC Business") to Ursalpha Digital Limited, a company incorporated under the laws of British Virgin Islands (the "Purchaser"), for a total consideration of approximately US$351.94 million in cash (with initial payment of approximately US$210.64 million on the closing date and the remaining amount to be paid subject to the Company's fulfillment of certain tax filing and payment obligations and in quarterly installments based on reduction in the credit risk exposure, as of February 28, 2025, of the legal entities sold to the Purchaser due to outstanding balance of loans facilitated and financing leasing originated by these entities) (the "PRC Business Disposal"). The Company announced on March 14, 2025 that it received a preliminary non-binding letter of intent (the "Letter of Intent") from Enduring Wealth Capital Limited ("EWCL"), which proposed the acquisition of control of the Company by EWCL and the disposal of the Company's PRC Business to a buyer introduced by EWCL.
prnewswire.com
- 3 weeks ago
Cango Inc. Announces March 2025 Production Update for Crypto Mining Business
SHANGHAI , April 1, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in March 2025. Bitcoin Mining Update for March 2025 Metrics Mar 2025 1 Feb 2025 1 Number of Bitcoins produced 530.1 472.7 Average number of Bitcoins produced per day 17.1 16.9 Total number of Bitcoins held 2 2,474.8 1,944.7 Total number of Bitcoins sold 2 - - Deployed hashrate 2 32 EH/s 32 EH/s Average operating hashrate 3 30.3 EH/s 29.7 EH/s 1.
prnewswire.com
- 3 weeks ago
Cango Inc. Presents Key Highlights of Its Filed Annual Report
SHANGHAI , March 27, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG), a rapidly expanding leader in Bitcoin mining, today announced key highlights from its filed annual report, marked by a successful pivot towards cryptocurrency mining and significant operational milestones, including securing its position as the third-largest publicly traded miner globally and a 400% year-over-year revenue increase. Fourth Quarter & Full Year 2024 Financial Performance The Company achieved total revenues of RMB668.0 million (US$91.5 million) in Q4 2024, reflecting a 400% year-over-year increase.
prnewswire.com
- 1 month ago
Cango Inc. Filed Its Annual Report on Form 20-F
SHANGHAI , March 27, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the "SEC") on March 27, 2025, U.S. Eastern Time. The annual report can be accessed on the Company's investor relations website at ir.cangoonline.com or the SEC's website at www.sec.gov.
prnewswire.com
- 1 month ago
Cango Inc. Announces Extension of Deadline to Close Share-Settled Crypto Mining Assets Acquisitions
SHANGHAI , March 26, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced an extension of the deadline to close its proposed acquisitions of on-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second ("EH") through issuance of Class A ordinary shares of the Company to the sellers (the "Share-Settled Transactions"). The Company announced signing of the On-Rack Sales and Purchase Agreement (the "Purchase Agreement") for the Share-Settled Transactions on November 6, 2024, which contemplated closing of the Share-Settled Transactions by March 31, 2025 (the "Long Stop Date").
prnewswire.com
- 1 month ago
Cango Inc. Joins Bitwise Bitcoin Standard Corporations ETF
SHANGHAI , March 18, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin mining company with an automotive transaction service in China, today announced that it has been included in the Bitwise Bitcoin Standard Corporations ETF (NYSE Arca: OWNB), launched by Bitwise Asset Management on March 11, 2025. The exchange-traded fund (ETF) tracks the Bitwise Bitcoin Standard Index, providing investors with exposure to forward-looking publicly traded corporations holding a minimum of 1,000 Bitcoins on their balance sheets.
prnewswire.com
- 1 month ago
Cango Inc. Joins Bitwise Bitcoin Standard Corporations ETF
SHANGHAI , March 17, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin mining company with an automotive transaction service in China, today announced that it has been included in the Bitwise Bitcoin Standard Corporations ETF (NYSE Arca: OWNB), launched by Bitwise Asset Management on March 11, 2025. The exchange-traded fund (ETF) tracks the Bitwise Bitcoin Standard Index, providing investors with exposure to forward-looking publicly traded corporations holding a minimum of 1,000 Bitcoins on their balance sheets.
prnewswire.com
- 1 month ago
Cango Inc. Announces Receipt of a Preliminary Non-Binding Letter of Intent and Formation of Special Committee
SHANGHAI , March 14, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that its Board of Directors (the "Board") recently received a preliminary non-binding letter of intent (the "Letter of Intent") from Enduring Wealth Capital Limited, a company established in the British Virgin Islands ("EWCL") expressing its non-binding intent to obtain control of the Company through the following proposed transactions: (i) EWCL proposes to acquire 10,000,000 Class B ordinary shares of the Company from the Company's co-founders, Mr. Xiaojun Zhang and Mr.
prnewswire.com
- 1 month ago
Cango Inc. Announces Up to US$30 Million New Share Repurchase Program
SHANGHAI , March 13, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin mining company with an automotive transaction service in China, today announced that its board of directors has authorized a new share repurchase program (the "New Share Repurchase Program") under which the Company may repurchase up to US$30 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing two Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 12 months starting from, April 25, 2025. The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, in accordance with applicable rules and regulations.
prnewswire.com
- 1 month ago
8. Profile
Summary
Cango Inc. CANG
COUNTRY
CN
INDUSTRY
Auto - Dealerships
MARKET CAP
$ 387 M
Dividend Yield
0.00%
Description
Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the People's Republic of China. The company offers automobile trading solutions, including car sourcing, logistics, and warehousing support for dealers; and facilitation of car purchases for car buyers. It also facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; and after-market services to car buyers, which includes facilitating the sale of insurance policies from insurance brokers or companies. The company was founded in 2010 and is headquartered in Shanghai, the People's Republic of China.
Contact
New Bund Oriental Plaza II, Shanghai, 200124
https://www.cangoonline.com
IPO
Date
July 26, 2018
Employees
217
Officers
Mr. Jiayuan Lin
Co-Founder, Chief Executive Officer & Director
Mr. Xiaojun Zhang
Co-Founder & Chairman of the Board
Mr. Yongyi Zhang
Chief Financial Officer & Director