Cango (CANG) Issues Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Cango (NYSE:CANG) announced its earnings results on Tuesday. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.08), reports. The business had revenue of $52.40 million for the quarter. Cango had a net margin of 25.02% and a return on equity of 9.27%. Cango updated its Q2 2019 guidance to EPS.

CANG opened at $4.70 on Thursday. The company has a market capitalization of $755.53 million and a price-to-earnings ratio of 15.16. Cango has a 1-year low of $4.87 and a 1-year high of $13.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.04 and a quick ratio of 3.04.

The company also recently declared a special dividend, which was paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, May 9th.

Separately, Zacks Investment Research lowered shares of Cango from a “hold” rating to a “sell” rating in a research report on Friday, March 15th.

An institutional investor recently raised its position in Cango stock. Primavera Capital Management Ltd grew its position in Cango Inc – (NYSE:CANG) by 21.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,243,939 shares of the company’s stock after purchasing an additional 1,089,607 shares during the quarter. Cango makes up about 3.0% of Primavera Capital Management Ltd’s investment portfolio, making the stock its 4th largest holding. Primavera Capital Management Ltd owned approximately 4.13% of Cango worth $49,577,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 21.88% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by WKRB News and is owned by of WKRB News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at

Cango Company Profile

Cango Inc operates an automotive transaction service platform that connects dealers, financial institutions, car buyers, and other industry participants in the People's Republic of China. It facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; automotive transactions between automotive wholesalers, dealers, and car buyers; and after-market services to car buyers.

Featured Story: Return On Assets

Receive News & Ratings for Cango Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cango and related companies with's FREE daily email newsletter.