Cango Inc.

Cango Inc.verified

CANG

Price:

$1.67

Market Cap:

$1.22B

Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the People's Republic of China. The company offers automobile trading solutions, including car sourcing, logistics, and warehousing support for dealers; and facilitation of car purchases for car buyers. It also facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; and after-market services to car buyers, which includes facilitating the sale of insurance policies from insurance brokers or companies. The company was founded in 2...[Read more]

Industry

Auto - Dealerships

IPO Date

2018-07-26

Stock Exchange

NYSE

Ticker

CANG

The ROE as of September 2024 (TTM) for Cango Inc. (CANG) is 0.60%

According to Cango Inc.’s latest financial reports and current stock price. The company's current ROE is 0.60%. This represents a change of 330.00% compared to the average of 0.14% of the last 4 quarters.

Cango Inc. (CANG) Historical ROE (quarterly & annually)

How has CANG ROE performed in the past?

The mean historical ROE of Cango Inc. over the last ten years is 1.28%. The current 0.60% ROE has changed -53.62% with respect to the historical average. Over the past ten years (40 quarters), CANG's ROE was at its highest in in the March 2017 quarter at 35.18%. The ROE was at its lowest in in the December 2022 quarter at -12.93%.

Quarterly (TTM)
Annual

Average

1.28%

Median

-0.56%

Minimum

-25.71%

Maximum

40.23%

Cango Inc. (CANG) ROE by Quarter and Year

Discovering the peaks and valleys of Cango Inc. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 20.94%

Maximum Annual ROE = 40.23%

Minimum Annual Increase = -145.76%

Minimum Annual ROE = -25.71%

Quarterly (TTM)
Annual
YearROEChange
2023-0.99%-96.14%
2022-25.71%20.94%
2021-0.12%-100.30%
202040.23%463.77%
20197.14%23.82%
20185.76%-145.76%
2017-12.59%266.00%

Cango Inc. (CANG) Average ROE

How has CANG ROE performed in the past?

The current ROE of Cango Inc. (CANG) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

-8.94%

5-year avg

4.11%

10-year avg

1.28%

Cango Inc. (CANG) ROE vs. Peers

How is CANG’s ROE compared to its peers?

Cango Inc.’s ROE is greater than Kingsway Financial Services Inc. (-20.47%), less than Cars.com Inc. (5.12%), less than KAR Auction Services, Inc. (2.90%), less than Rush Enterprises, Inc. (16.01%), less than Rush Enterprises, Inc. (16.01%), less than Sonic Automotive, Inc. (0%), less than Lithia Motors, Inc. (21.15%), less than AutoNation, Inc. (13.59%), less than Asbury Automotive Group, Inc. (35.08%), less than Penske Automotive Group, Inc. (12.15%), less than Kingsway Financial Services Inc. (19.12%), greater than Group 1 Automotive, Inc. (-20.47%), less than Uxin Limited (20.46%), less than Lazydays Holdings, Inc. (10.40%), greater than null (-59.71%),

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