Greenridge Global Has Bearish Estimate for Cango Q3 Earnings

Cango Inc. Sponsored ADR (NYSE:CANG) – Research analysts at Greenridge Global decreased their Q3 2026 EPS estimates for Cango in a research note issued on Wednesday, September 16th. Greenridge Global analyst W. Gregozeski now anticipates that the company will post earnings per share of ($0.35) for the quarter, down from their previous estimate of ($0.30). The consensus estimate for Cango’s current full-year earnings is ($7.10) per share. Greenridge Global also issued estimates for Cango’s Q4 2026 earnings at ($0.24) EPS, FY2026 earnings at ($8.39) EPS, Q1 2027 earnings at ($0.13) EPS, Q2 2027 earnings at ($0.04) EPS, Q3 2027 earnings at ($0.05) EPS, Q4 2027 earnings at $0.07 EPS and FY2027 earnings at ($0.14) EPS.

Cango (NYSE:CANG) last issued its quarterly earnings data on Monday, August 31st. The company reported ($1.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.90) by ($1.09). The business had revenue of $50.78 million during the quarter, compared to the consensus estimate of $60.02 million. Cango had a negative return on equity of 165.48% and a negative net margin of 107.22%.

Several other equities analysts have also recently issued reports on the company. Wall Street Zen cut Cango from a “sell” rating to a “strong sell” rating in a research report on Saturday. Zacks Research upgraded Cango from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cango in a report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Cango presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Cango Stock Performance

CANG stock opened at $2.23 on Wednesday. The company has a 50-day simple moving average of $1.93 and a 200 day simple moving average of $3.36. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $39.72 million, a P/E ratio of -0.09 and a beta of 1.20. Cango has a fifty-two week low of $1.36 and a fifty-two week high of $21.00.

Cango Company Profile

Cango Inc is a technology company that historically operated an automotive transaction and service platform in China. Its platform connected consumers, automobile dealers, financial institutions, insurers and other participants in the vehicle market, supporting services related to vehicle purchases, financing, insurance and ownership.

Founded in 2010 and headquartered in Shanghai, Cango developed its business primarily for the Chinese automotive market. The company’s services were designed to help dealers and consumers complete automotive transactions while providing access to related financial and insurance products.

In 2024, Cango announced a strategic expansion into digital-asset infrastructure through the acquisition of bitcoin-mining equipment and related operations.