|Over a week ago|
Cango regains compliance with NYSE continued listing standards » 08:0706/1206/12/20
Cango announced that it…
Cango announced that it received a letter from The New York Stock Exchange indicating that the company is now considered to be back in compliance in relation to the NYSE's quantitative continued listing standards.
|Over a month ago|
Cango declares special cash dividend of 12.5c per share » 07:0104/2304/23/20
Cango has approved and…
Cango has approved and declared a special cash dividend of 12.5c per ordinary share or 25c per ADS on its outstanding shares, to be paid on May 18 to shareholders of record as of the close of trading on May 4.
|Over a quarter ago|
Cango reports Q4 EPS RMB0.62, consensus RMB0.61 » 16:3803/2303/23/20
Reports Q4 revenue …
Reports Q4 revenue RMB438.5M, consensus RMB$416.56M. Mr. Jiayuan Lin, Chief Executive Officer of Cango, commented, "We once again delivered strong financial and operating results in the fourth quarter, despite growing macroeconomic uncertainties and industry-wide challenges. Our robust performance is a testament to our ongoing efforts in the optimization of our dealership network, refinement of our cross-selling strategies, and effectiveness of our collaborations with key strategic partners. During the fourth quarter, we further improved the efficiency of our dealership network by removing certain underperforming dealers, which enabled us to better standardize and augment the quality of our service offerings across our network. We also established a solid foothold within China's car insurance market as our car insurance facilitation business achieved significant growth in the fourth quarter under our cross-selling strategy. Looking into 2020, we are faced with the immediate complications of the COVID-19 outbreak. At the current stage, our top priority is protecting the health and well-being of our employees as well as our dealer partners. As such, we have mobilized our team to secure and distribute facemasks and other protective gear to our colleagues and their families across China. In addition, we have bought COVID-19 personal insurance to all employees, free of charge. At the same time, we also established a special-purpose fund to secure special health insurance policies for a large portion of our dealers' employees and their families.
Cango falls -9.3% » 12:0001/2201/22/20
Cango is down -9.3%, or…
Cango is down -9.3%, or -78c to $7.58.
Cango falls -5.8% » 10:0001/2201/22/20
Cango is down -5.8%, or…
Cango is down -5.8%, or -49c to $7.87.
Cango falls -5.5% » 10:0001/0601/06/20
Cango is down -5.5%, or…
Cango is down -5.5%, or -51c to $8.75.
Cango falls -6.8% » 10:0012/3112/31/19
Cango is down -6.8%, or…
Cango is down -6.8%, or -60c to $8.20.
Cango falls -10.6% » 12:0011/1811/18/19
Cango is down -10.6%, or…
Cango is down -10.6%, or -72c to $6.10.
Cango falls -11.9% » 10:0011/1811/18/19
Cango is down -11.9%, or…
Cango is down -11.9%, or -81c to $6.01.
Cango downgraded to Equal Weight on 'lukewarm' growth at Morgan Stanley » 06:4811/1811/18/19
Morgan Stanley analyst…
Morgan Stanley analyst John Cai downgraded Cango to Equal Weight from Overweight with a price target of $7.80, down from $16. The company's core segment growth "remains sluggish" despite market share gains due to challenging auto markets, Cai tells investors in a research note. Further, Cango's new initiatives might take time to roll out with limited near term earnings contributions, adds the analyst. He believes the company's "lukewarm earnings growth" is unlikely to drive a valuation re-rating from current share levels.