No Data
CANG Cango
Watchlist- 5D
- 1D
- 1W
- 1M
- 1Q
- 1Y
About Cango Company
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.
Revenue Breakdown
News
Asian Equities Traded in the US as American Depositary Receipts Trend Slightly Lower in Friday Trading
Asian equities traded in the US as American depositary receipts were trending slightly lower Friday morning, falling 0.14% to 1,662.97 on the S&P Asia 50 ADR Index. Despite the decline, the index is u
12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session
GainersHarbor Custom Dev (NASDAQ:HCDI) shares moved upwards by 41.8% to $1.22 during Friday's pre-market session. The market value of their outstanding shares is at $2.8 million. Polished.com (AMEX:PO
Cangu (NYSE:CANG): Q3 net profit improved sharply year over year, and one-stop service became the driving force for growth
After the US stock market on November 27, Cangu (NYSE: CANG) handed over financial reports for the third quarter of this year. Sorting through the changes in the car market in the latest quarter, in the context of the completion of the strategic transformation, Cangu caught up with the reappearance of “gold, nine silver, ten” and passenger car retail sales increased slightly year-on-year. However, at the same time, terminal transaction prices in the car market have continued to decline, and many car companies have not increased profits in increments. Furthermore, price fluctuations have also put operating pressure on car dealers and even all links in the automobile distribution value chain. In such a market environment, although Cangu's latest “questionnaire” is under some pressure, as a window for insight into the Chinese auto market, Cangu continues
Comments
ColumnsAfter rolling out its new business model, Cango shifts into new phase
Key Takeaways:
Cango’s new and used car trading platforms have logged strong growth since their recent launches, attracting around 10,000 and 5,000 dealers, respectively, by the end of last year
The company’s revenue fell sharply in the fourth quarter due to its...
