Cango (NYSE:CANG) Upgraded by Zacks Research to Hold Rating

Posted by on Aug 5th, 2026

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

A number of other brokerages also recently issued reports on CANG. Weiss Ratings raised Cango from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded Cango to a “sell” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Check Out Our Latest Stock Analysis on Cango

Cango Stock Performance

Shares of CANG stock opened at $1.63 on Monday. The stock has a market capitalization of $28.97 million, a PE ratio of -0.05 and a beta of 1.11. The business’s 50 day simple moving average is $2.50 and its 200 day simple moving average is $5.45. 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 one year low of $1.36 and a one year high of $21.00.

Cango (NYSE:CANG – Get Free Report) last released its quarterly earnings results 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 firm had revenue of $102.00 million for the quarter, compared to the consensus estimate of $100.41 million. As a group, research analysts forecast that Cango will post -7.1 earnings per share for the current year.

Institutional Trading of Cango

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Cango by 34.5% in 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 in the last quarter. Jump Financial LLC bought a new position in shares of Cango during the 2nd quarter worth approximately $246,000. CI Investments Inc. boosted its stake in shares of Cango by 206.7% in the 4th quarter. CI Investments Inc. now owns 105,456 shares of the company’s stock worth $158,000 after buying an additional 71,076 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Cango in the 4th quarter valued at $1,677,000. Hedge funds and other institutional investors own 4.22% of the company’s stock.

Cango Company Profile

(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.

Featured Stories

Receive News & Ratings for Cango Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cango and related companies with MarketBeat.com's FREE daily email newsletter.