Cango (NYSE:CANG) Rating Lowered to “Strong Sell” at Zacks Research

Posted by Stanley Muller on Jul 3rd, 2026

Cango (NYSE:CANG – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. Wall Street Zen raised Cango from a “strong sell” rating to a “sell” rating in a report on Sunday, May 17th. Weiss Ratings raised Cango from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cango presently has a consensus rating of “Hold” and an average target price of $3.00.

View Our Latest Stock Analysis on Cango

Cango Price Performance

Shares of NYSE:CANG opened at $0.22 on Wednesday. Cango has a one year low of $0.18 and a one year high of $2.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $38.25 million, a price-to-earnings ratio of -0.06 and a beta of 1.06. The firm has a 50 day simple moving average of $0.39 and a 200 day simple moving average of $0.75.

Cango (NYSE:CANG – Get Free Report) last posted its earnings results 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 company had revenue of $102.00 million for the quarter, compared to the consensus estimate of $100.41 million. Cango had a negative return on equity of 105.01% and a negative net margin of 125.53%. Research analysts predict that Cango will post -0.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cango

A number of institutional investors have recently added to or reduced their stakes in CANG. Marshall Wace LLP acquired a new position in shares of Cango during the fourth quarter worth $1,677,000. Jump Financial LLC acquired a new stake in Cango in the second quarter valued at $246,000. CI Investments Inc. increased its holdings in Cango by 206.7% in the fourth quarter. CI Investments Inc. now owns 105,456 shares of the company’s stock valued at $158,000 after purchasing an additional 71,076 shares during the period. Finally, BNP Paribas Financial Markets raised its position in 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. 4.22% of the stock is owned by institutional investors.

About Cango

(Get Free Report)

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.