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.
Turnaround to Profit
The company's performance has turned profitable, with the latest annual net income of USD 41.07M.%!(EXTRA int=2)
Overvalued
The company’s latest PE is 155.04, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 40.41M shares, increasing 20.65% quarter-over-quarter.
Held by Invesco
Star Investor Invesco holds 145.05K shares of this stock.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of 0.74.