Cango Inc.

Cango Inc.verified

CANG

Price:

$1.64

Market Cap:

$1.29B

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 PE Ratio as of May 2024 (TTM) for Cango Inc. (CANG) is -41.00

According to Cango Inc.’s latest financial reports and current stock price. The company's current PE Ratio is -41.00. This represents a change of -5926.32% compared to the average of 0.70 of the last 4 quarters.

Cango Inc. (CANG) Historical PE Ratio (quarterly & annually)

How has CANG PE Ratio performed in the past?

The mean historical PE Ratio of Cango Inc. over the last ten years is -19.97. The current -41.00 PE Ratio has changed 20.43% with respect to the historical average. Over the past ten years (40 quarters), CANG's PE Ratio was at its highest in in the December 2016 quarter at 136.50. The PE Ratio was at its lowest in in the March 2020 quarter at -19.54.

Quarterly (TTM)
Annual

Average

-19.97

Median

13.33

Minimum

-339.42

Maximum

110.76

Cango Inc. (CANG) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Cango Inc. PE Ratio, 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 = 1.99%

Maximum Annual PE Ratio = 110.76

Minimum Annual Increase = -16763.67%

Minimum Annual PE Ratio = -339.42

Quarterly (TTM)
Annual
YearPE RatioChange
2023-23.231.99%
2022-1.11-99.67%
2021-339.42-16763.67%
20202.04-91.73%
201924.63-9.80%
201827.31-30.41%
201739.24-64.58%

Cango Inc. (CANG) Average PE Ratio

How has CANG PE Ratio performed in the past?

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

3-year avg

-121.25

5-year avg

-67.42

10-year avg

-19.97

Cango Inc. (CANG) PE Ratio vs. Peers

How is CANG’s PE Ratio compared to its peers?

Cango Inc.’s PE Ratio is greater than Kingsway Financial Services Inc. (-49.25), less than Cars.com Inc. (11.37), less than KAR Auction Services, Inc. (-12.85), less than Rush Enterprises, Inc. (10.99), less than Rush Enterprises, Inc. (10.99), less than Sonic Automotive, Inc. (0), less than Lithia Motors, Inc. (11.63), less than AutoNation, Inc. (7.90), less than Asbury Automotive Group, Inc. (7.78), less than Penske Automotive Group, Inc. (8.61), less than Kingsway Financial Services Inc. (10.80), greater than Group 1 Automotive, Inc. (-49.25), less than Uxin Limited (7.10), less than Lazydays Holdings, Inc. (-4.02), less than null (-0.55),

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