Cang Co., Ltd. (CANG, Financial) experienced a significant stock price drop of 5.07%. The stock is currently priced at $3.93 per share, with a trading volume of 292,737 shares and a turnover rate of 0.28%. The stock has a price fluctuation of 6.40%.
Recent financial reports reveal that CANG achieved a revenue of $4.07 million and a net profit of $9.47 million, resulting in earnings per share of $0.18. The price-to-earnings ratio stands at 20.59. Currently, there are no institutional ratings available for this stock, including buy, hold, or sell recommendations.
In the automotive retail industry, where CANG operates, the overall sector has seen a growth of 1.80%. Notable performers in the sector include Suncar Technology Group Inc, Cheetah Net Supply Chain Service Inc., and Chemei, which have shown significant price increases. Additionally, Kaixin Auto, Vroom, Inc., and Cheetah Net Supply Chain Service Inc. have been actively traded, with turnover rates of 10.81%, 4.02%, and 3.26%, respectively. Stocks with notable price fluctuations include Suncar Technology Group Inc, Lazydays Holdings, Inc., and Zhongchi Chufu, with amplitudes of 23.08%, 18.28%, and 13.99%, respectively.
Cang Group 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 services, with revenue sourced from China.
