Cango Inc - ADR (N:CANG)
Business Focus: Internet Services
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Insider Filings
Latest 10 SEC Form 4 filings for CANG*US within the last 6 months
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Company News
Apr 26, 2024 07:00 ET
Cango Inc. Filed Its Annual Report on Form 20-F
SHANGHAI, April 26, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the "SEC") on April 26, 2024, U.S. Eastern Time.
Apr 23, 2024 06:00 ET
Cango Inc. Announces Up to US$50 Million New Share Repurchase Program
SHANGHAI, April 23, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that its board of directors has authorized a new share repurchase program (the "New Share Repurchase Program") under which the Company may repurchase up to US$50 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing two Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 12 months starting from April 25, 2024.
Valuation Ratios
Industry
Sector
Beta
0.63
--
--
Price to Sales - TTM
0.69
1.84
2.71
Price to Book - most recent quarter
0.40
1.62
2.00
Price to Cash Flow per share - TTM
--
7.73
13.78
Price to Free Cash Flow per share - TTM
--
23.65
24.89
Business Summary
| Sector: Technology | Industry: Internet Services |
Cango Inc. provides an automotive transaction service platform, which connects dealers, financial institutions, car buyers and other industry participants. The Company's services primarily consist of automotive financing facilitation, automotive transaction facilitation and after-market services facilitation. It offers integrated solutions that support the life cycle of automotive financing transactions, including credit origination, credit assessment, credit servicing and delinquent asset management services. It provides additional services, including car sourcing and logistics and warehousing support for dealers and facilitation of car purchases for car buyers. The Company's also facilitates after-market services to car buyers, which is comprised of facilitating the sale of insurance policies from insurance brokers or companies. The products offered through its platform are personal accident insurances and automotive insurances.
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