Greenridge Global Issues Positive Outlook for Cango Earnings

Cango Inc. Sponsored ADR (NYSE:CANG) – Investment analysts at Greenridge Global increased their Q1 2026 earnings estimates for shares of Cango in a note issued to investors on Tuesday, May 12th. Greenridge Global analyst W. Gregozeski now expects that the company will post earnings per share of ($0.20) 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.

A number of other brokerages also recently commented on CANG. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price target on shares of Cango in a report on Tuesday, February 10th. Zacks Research raised shares of Cango from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 16th. Finally, Wall Street Zen cut shares of Cango to a “strong sell” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $3.00.

Cango Stock Down 5.3%

Shares of NYSE:CANG opened at $0.55 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.40. Cango has a 12 month low of $0.33 and a 12 month high of $2.10. The company has a 50-day moving average price of $0.50 and a 200 day moving average price of $1.26. The company has a market cap of $98.07 million, a price-to-earnings ratio of -0.19 and a beta of 0.99.

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

Hedge Funds Weigh In On Cango

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted 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 purchasing an additional 4,082 shares during the period. Jump Financial LLC purchased a new stake in Cango in the 2nd quarter valued at about $246,000. CI Investments Inc. boosted its position in Cango by 206.7% in 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. Finally, Marshall Wace LLP purchased a new stake in Cango in the 4th quarter valued at about $1,677,000. 4.22% of the stock is owned by hedge funds and other institutional investors.

Key Headlines 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.