Cango Inc - ADR

Cango, Inc. is a holding company, which engages in the development and operation of automotive transaction service platform for connecting dealers, financial institutions, and car buyers. The firm's services cover each key component of the automotive transaction value chain, including pre-sale automobile trading solutions, during-sale automotive financing facilitation services, and post-sale after-market services facilitation. The company was founded by Jia Yuan Lin and Xiao Jun Zhang in August 2010 and is headquartered in Shanghai, China.

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Cango Inc reports robust Q1 earnings amidst strategic shifts

Cango Inc's Q1 performance reflects a strategic shift towards profitability and market expansion. While facing challenges in revenue growth and user engagement, the company holds strong financial positions and growth opportunities. By focusing on enhancing customer experience and product offerings, Cango Inc aims to drive growth and strengthen its market position.

Cango Inc reports solid Q2 earnings, eyes global market expansion

Cango Inc demonstrated resilience amidst automotive market challenges, maintaining solid financial performance and a strong cash position.
The company's strategic focus on cost control, risk management, and market expansion through digital platforms and partnerships is evident.
While facing revenue forecasts for Q3, Cango's emphasis on innovation and global market presence presents opportunities for future growth.

Cango Inc reports stable Q3 earnings, eyes global expansion opportunities

Cango Inc's Q3 2024 earnings call showcased stable financials, a focus on innovation, and strategic growth initiatives amidst market challenges and opportunities.
The company's strong user engagement, cash reserves, and plans for international expansion position it well for future success and market resilience.

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SHANGHAI, Aug. 20, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "CANGO Auto View" to bring readers, drivers and passengers up to speed with what's on offer in the automobile market, what trends are emerging, and what holes need to be plugged. Below is an article from the Company's 4th edition for June 2021.

CANGO Auto View: Investors Eye Vehicle Technologies as Next Big Thing

SHANGHAI, Aug. 19, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its unaudited financial results for the second quarter of 2021. Second Quarter 2021 Financial and Operational Highlights Total revenues were RMB946.7 million (US$146.6 million), a 245.5% increase from RMB274.1 million in the same period of 2020, meeting the Company's previous guidance range.

Cango Inc. Reports Second Quarter 2021 Unaudited Financial Results

SHANGHAI, Aug. 16, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it plans to release its second quarter 2021 financial results after the market closes on Thursday, August 19, 2021. The earnings release will be available on the Company's investor relations website at http://ir.cangoonline.com/.

Cango Inc. to Report Second Quarter 2021 Financial Results on August 19, 2021 Eastern Time

SHANGHAI, Aug. 13, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "CANGO Auto View" to bring readers, drivers and passengers up to speed with what's on offer in the automobile market, what trends are emerging, and what holes need to be plugged. Below is an article from the Company's 4th edition for June 2021.

CANGO Auto View: New Era for Smart Vehicles - Tech Companies Disrupt Auto Industry Chain

SHANGHAI, Aug. 6, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "CANGO Auto View" to bring readers, drivers and passengers up to speed with what's on offer in the automobile market, what trends are emerging, and what holes need to be plugged. Below is an article from the Company's 4th edition for June 2021.

CANGO Auto View: Developing Auto Intelligence Amid a Worldwide Industry Shift Toward Autonomous Driving

SHANGHAI , July 30, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "CANGO Auto View" to bring readers, drivers and passengers up to speed with what's on offer in the automobile market, what trends are emerging, and what holes need to be plugged. Below is an article from the Company's 4th edition for June 2021.

CANGO Auto View: Electrification at the Heart of China's New Energy Vehicle Market

Cango: A Massively Undervalued Chinese Fintech Play

SHANGHAI, July 23, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "CANGO Auto View" to bring readers, drivers and passengers up to speed with what's on offer in the automobile market, what trends are emerging, and what holes need to be plugged. Below is an article from the Company's 4th edition for June 2021.

CANGO Auto View: China's Automobile Industry - at the Brink of a New Era

SHANGHAI , July 16, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "CANGO Auto View" to bring readers, drivers and passengers up to speed with what's on offer in the automobile market, what trends are emerging, and what holes need to be plugged. Below is an article from the Company's 3rd edition for February 2021.

CANGO Auto View: New infrastructure building - a basic foundation for smart vehicles

SHANGHAI, July 9, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "CANGO Auto View" to bring readers, drivers and passengers up to speed with what's on offer in the automobile market, what trends are emerging, and what holes need to be plugged. Below is an article from the Company's 3rd edition for February 2021.

CANGO Auto View: The unparalleled value of human-vehicle interaction

SHANGHAI, July 2, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "CANGO Auto View" to bring readers, drivers and passengers up to speed with what's on offer in the automobile market, what trends are emerging, and what holes need to be plugged. Below is an article from the Company's 3rd edition for February 2021.

CANGO Auto View: Riding a building investment momentum, smart vehicles herald the future of mobility

SHANGHAI, June 25, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "CANGO Auto View" to bring readers, drivers and passengers up to speed with what's on offer in the automobile market, what trends are emerging, and what holes need to be plugged. Below is an article from the Company's 3rd edition for February 2021.

CANGO Auto View: Battery manufacturers harness new tech to boost efficiency and trim costs

SHANGHAI, June 18, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "CANGO Auto View" to bring readers, drivers and passengers up to speed with what's on offer in the automobile market, what trends are emerging, and what holes need to be plugged. Below is an article from the Company's 3rd edition for February 2021.

CANGO Auto View: Behind the takeoff of NEVs: Who will win the battle of power battery technology?

Cango Inc (CANG) CEO Jiayuan Lin on Q1 2021 Results - Earnings Call Transcript

SHANGHAI, May 31, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its unaudited financial results for the first quarter of 2021. First Quarter 2021 Financial and Operational Highlights Total revenues were RMB1,123.8 million (US$171.5 million), a 356.8% increase from RMB246.0 million in the same period of 2020, outperforming the high end of the Company's guidance by 7.0%.

Cango Inc. Reports First Quarter 2021 Unaudited Financial Results

SHANGHAI, May 24, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it plans to release its first quarter 2021 financial results after the market closes on Monday, May 31, 2021. The earnings release will be available on the Company's investor relations website at http://ir.cangoonline.com/.

Cango Inc. to Report First Quarter 2021 Financial Results on May 31, 2021 Eastern Time

Cango has built a proprietary Software-as-a-Service (SaaS) automotive transaction service platform that creates an end-to-end self-reinforcing ecosystem. Revenue has grown at 40% annually over the last five years, yet, the company is trading at a market cap that's only slightly higher than its cash and investments.

Cango: The Rapidly Growing, Under-The-Radar SaaS Auto-Tech Stock With Triple-Digit Return Potential

SHANGHAI, April 20, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its subsidiary Shanghai Cango Network Technology Co., Ltd. ("Cango Network Technology") has entered into a strategic agreement with Zhengzhou Nissan Auto Sales Service Co., Ltd.

Cango's Subsidiary Forms Strategic Cooperation with Zhengzhou Nissan

Nature's Sunshine Products

Sixth Street Specialty Lending

According to the Upcoming Special Dividends page, a Premium feature of GuruFocus, three companies that are due to pay a lump sum dividend over the next few weeks are Cango Inc. (NYSE:CANG), Sixth Street Specialty Lending Inc. (NYSE:TSLX) and Natures Sunshine Products Inc. (NASDAQ:NATR).

3 Companies With Upcoming Special Dividends as of March

Cango reported its Q4 results highlighted by surging revenues led by its online business-to-business automobile trading platform in China.

Cango Inc: Bullish Tech Exposure To China's Auto Sector

Cango Inc. (CANG) CEO Jiayuan Lin on Q4 2020 Results - Earnings Call Transcript

SHANGHAI, March 11, 2021 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its unaudited financial results for the fourth quarter and full year of 2020. Fourth Quarter 2020 Financial and Operational Highlights Total revenues were RMB1,097.4 million (US$168.2 million), a 150.2% increase from RMB438.5 million in the same period of 2019, outperforming the high end of the Company's guidance by 46.3%.

Cango Inc. Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results

Cango Inc. Sponsored ADR (CANG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Cango Inc. Sponsored ADR (CANG) Upgraded to Buy: Here's What You Should Know

The stock price of Cango Inc. (NYSE: CANG) increased by 20.83%. This is why it happened.

CANG Stock Price Increased 20.83%: Why It Happened

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News for Cango Inc - ADR Stock (CANG)