Greenridge Global Issues Positive Outlook for Cango Earnings

Cango Inc. Sponsored ADR (NYSE:CANG) – Stock analysts at Greenridge Global boosted their Q1 2026 EPS estimates for shares of Cango in a research report issued to clients and investors on Tuesday, May 12th. Greenridge Global analyst W. Gregozeski now expects that the company will post earnings of ($0.20) per share for the quarter, up from their previous forecast of ($0.50). The consensus estimate for Cango’s current full-year earnings is ($0.50) per share. Greenridge Global also issued estimates for Cango’s Q2 2026 earnings at ($0.09) EPS, Q3 2026 earnings at ($0.04) EPS, Q4 2026 earnings at $0.01 EPS, FY2026 earnings at ($0.32) EPS, Q1 2027 earnings at $0.00 EPS, Q2 2027 earnings at $0.01 EPS, Q3 2027 earnings at $0.02 EPS, Q4 2027 earnings at $0.04 EPS and FY2027 earnings at $0.07 EPS.

CANG has been the subject of several other research reports. Zacks Research raised shares of Cango from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 16th. Wall Street Zen cut shares of Cango to a “strong sell” rating in a research report on Saturday, May 9th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price target on shares of Cango in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Cango has an average rating of “Moderate Buy” and an average target price of $3.00.

Cango Price Performance

Shares of CANG opened at $0.55 on Thursday. The company has a 50 day moving average price of $0.50 and a 200-day moving average price of $1.26. Cango has a fifty-two week low of $0.33 and a fifty-two week high of $2.10. The stock has a market capitalization of $98.07 million, a PE ratio of -0.19 and a beta of 0.99. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.71 and a current ratio of 0.71.

Cango (NYSE:CANG) last released its quarterly earnings data on Tuesday, March 17th. The company reported ($1.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($1.33). The company had revenue of $179.45 million during the quarter, compared to analysts’ expectations of $1.24 billion. Cango had a negative net margin of 83.92% and a negative return on equity of 49.13%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Marshall Wace LLP bought a new position in shares of Cango during the 4th quarter worth approximately $1,677,000. CI Investments Inc. raised 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 worth $158,000 after acquiring an additional 71,076 shares in the last quarter. Jump Financial LLC bought a new position in shares of Cango during the 2nd quarter worth approximately $246,000. Finally, BNP Paribas Financial Markets raised 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 worth $68,000 after acquiring an additional 4,082 shares in the last quarter. Institutional investors own 4.22% of the company’s stock.

Key Stories Impacting Cango

Here are the key news stories impacting Cango this week:

• Positive Sentiment: Greenridge Global raised its FY2026 EPS estimate for Cango, suggesting the company may perform somewhat better than previously expected over the next fiscal year.
• Neutral Sentiment: The analyst also lifted its Q1 2026 EPS forecast, though the outlook still remains negative overall.
• Negative Sentiment: Greenridge Global cut EPS estimates for several future quarters, including Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027 and FY2027, which can weigh on the stock by reinforcing concerns about earnings momentum.

Cango Company Profile

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.