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

Cango Inc. Sponsored ADR (NYSE:CANG) – Equities research analysts at Greenridge Global cut their Q3 2026 EPS estimates for Cango in a note issued to investors on Wednesday, September 16th. Greenridge Global analyst W. Gregozeski now expects that the company will post earnings of ($0.35) per share for the quarter, down from their prior estimate of ($0.30). The consensus estimate for Cango’s current full-year earnings is ($7.10) per share. Greenridge Global also issued estimates for Cango’s Q4 2026 earnings at ($0.24) EPS, FY2026 earnings at ($8.39) EPS, Q1 2027 earnings at ($0.13) EPS, Q2 2027 earnings at ($0.04) EPS, Q3 2027 earnings at ($0.05) EPS, Q4 2027 earnings at $0.07 EPS and FY2027 earnings at ($0.14) EPS.

Cango (NYSE:CANG) last announced its quarterly earnings data on Monday, August 31st. The company reported ($1.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.90) by ($1.09). Cango had a negative net margin of 107.22% and a negative return on equity of 165.48%. The company had revenue of $50.78 million for the quarter, compared to analysts’ expectations of $60.02 million.

Several other analysts also recently issued reports on CANG. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cango in a report on Friday, August 21st. Wall Street Zen cut Cango from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Zacks Research raised shares of Cango from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Cango Price Performance

CANG opened at $2.23 on Wednesday. Cango has a 52-week low of $1.36 and a 52-week high of $21.00. The company has a 50 day moving average of $1.93 and a two-hundred day moving average of $3.36. The company has a market cap of $39.72 million, a P/E ratio of -0.09 and a beta of 1.20. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.32.

Cango Company Profile

Cango Inc is a technology company that historically operated an automotive transaction and service platform in China. Its platform connected consumers, automobile dealers, financial institutions, insurers and other participants in the vehicle market, supporting services related to vehicle purchases, financing, insurance and ownership.

Founded in 2010 and headquartered in Shanghai, Cango developed its business primarily for the Chinese automotive market. The company’s services were designed to help dealers and consumers complete automotive transactions while providing access to related financial and insurance products.

In 2024, Cango announced a strategic expansion into digital-asset infrastructure through the acquisition of bitcoin-mining equipment and related operations.