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

Cango Inc. Sponsored ADR (NYSE:CANG) – Investment analysts at Greenridge Global lifted their Q3 2026 earnings per share estimates for shares of Cango in a report issued on Wednesday, June 3rd. Greenridge Global analyst W. Gregozeski now forecasts that the company will post earnings of ($0.03) per share for the quarter, up from their prior estimate 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.

CANG has been the topic of several other research reports. Zacks Research raised Cango from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 16th. Weiss Ratings raised Cango from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen raised Cango from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3.00.

Cango Price Performance

Shares of NYSE:CANG opened at $0.30 on Thursday. The business’s 50 day simple moving average is $0.46 and its 200-day simple moving average is $0.87. The firm has a market capitalization of $54.01 million, a price-to-earnings ratio of -0.09 and a beta of 0.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.00 and a quick ratio of 1.00. Cango has a 12 month low of $0.29 and a 12 month high of $2.10.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position 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 last quarter. Jump Financial LLC acquired a new position in shares of Cango during the 2nd quarter worth approximately $246,000. CI Investments Inc. raised its position 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 purchasing an additional 71,076 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Cango during the 4th quarter worth approximately $1,677,000. 4.22% of the stock is currently owned by institutional investors and hedge funds.

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.