Cango Inc. (CANG, Financial) experienced a sharp drop of 5.06% in its stock price. The current trading price is $3.75 per share, with a trading volume of 448,379 shares and a turnover rate of 0.43%. The stock's amplitude reached 7.34% during this period. Recent earnings reports indicate that Cango generated $4.07 million in revenue and a net profit of $9.47 million, translating to earnings per share of $0.18. The company currently has a price-to-earnings ratio of 19.68, and there are no institutional ratings available for the stock.
Within the automotive retail sector, the overall decline was 0.37%. Notably, stocks such as Kaixin Auto Holdings, Uxin, and Auto1 Group have seen significant increases. Meanwhile, Kaixin Auto Holdings, Vroom Inc., and Cheetah Net Supply Chain Service Inc. showed high trading activity with turnover rates of 4647.33%, 14.79%, and 3.19% respectively. Stocks with significant amplitude include Kaixin Auto Holdings, Zhongchi Chifu, and Lazydays Holdings Inc., with fluctuations of 111.96%, 33.33%, and 24.76% respectively.
Cango Inc. is a Chinese automotive transaction service platform that connects dealers, financial institutions, car buyers, and other industry participants. Its services primarily include facilitating auto financing, transactions, and after-sales service. The company's revenue is geographically sourced from China.
