What is Greenridge Global’s Estimate for Cango Q3 Earnings?

Cango Inc. Sponsored ADR (NYSE:CANG) – Equities researchers at Greenridge Global boosted their Q3 2026 earnings per share (EPS) estimates for shares of Cango in a report released on Wednesday, June 3rd. Greenridge Global analyst W. Gregozeski now anticipates that the company will post earnings of ($0.03) per share for the quarter, up from their previous forecast of ($0.04). The consensus estimate for Cango’s current full-year earnings is ($0.41) per share. Greenridge Global also issued estimates for Cango’s FY2026 earnings at ($0.71) EPS.

Cango (NYSE:CANG) last issued its quarterly earnings data on Monday, June 1st. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.54). Cango had a negative return on equity of 105.01% and a negative net margin of 125.53%.The company had revenue of $102.00 million for the quarter, compared to analyst estimates of $100.41 million.

Several other research analysts also recently weighed in on the company. Zacks Research upgraded Cango from a “strong sell” rating to a “hold” rating in a report on Thursday, April 16th. Wall Street Zen upgraded Cango from a “strong sell” rating to a “sell” rating in a report on Sunday, May 17th. Finally, Weiss Ratings upgraded Cango from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cango currently has an average rating of “Moderate Buy” and an average price target of $3.00.

Cango Trading Down 6.2%

Shares of CANG opened at $0.30 on Thursday. The stock has a fifty day moving average of $0.46 and a two-hundred day moving average of $0.87. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $54.01 million, a PE ratio of -0.09 and a beta of 0.97. Cango has a fifty-two week low of $0.29 and a fifty-two week high of $2.10.

Institutional Trading of Cango

Several institutional investors have recently made changes to their positions in CANG. Marshall Wace LLP purchased a new stake in shares of Cango during the 4th quarter valued at $1,677,000. CI Investments Inc. grew its stake in shares of Cango by 206.7% during the 4th quarter. CI Investments Inc. now owns 105,456 shares of the company’s stock valued at $158,000 after buying an additional 71,076 shares during the period. Jump Financial LLC purchased a new stake in shares of Cango during the 2nd quarter valued at $246,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Cango by 34.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,923 shares of the company’s stock valued at $68,000 after buying an additional 4,082 shares during the period. 4.22% of the stock is owned by hedge funds and other institutional investors.

About Cango

Cango Inc (“Cango”) is a leading smart automotive transaction service provider in China, headquartered in Shanghai. The company operates an online‐to‐offline platform that integrates vehicle sourcing, financing, distribution and insurance, offering a comprehensive ecosystem for automakers, dealers and consumers. Leveraging big data analytics and cloud computing, Cango connects buyers and sellers through its proprietary digital infrastructure, facilitating transparent and efficient transactions across the automotive value chain.

Cango’s core offerings include auto financing solutions for new and used vehicles, extended consumer loans and wealth management products.