Recap: Cango Q3 Earnings

Shares of Cango CANG rose 23.45% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 1490.91% year over year to $1.75, which beat the estimate of $0.08.

Revenue of $64,061,000 up by 30.35% from the same period last year, which missed the estimate of $65,130,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Q4 revenue expected to be between $103,099,000 and $110,463,000.

Conference Call Details

Date: Nov 23, 2020

Time: 08:00 PM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/cang/mediaframe/42047/indexr.html

Price Action

52-week high: $9.82

Company's 52-week low was at $4.20

Price action over last quarter: Up 72.52%

Company Overview

Cango Inc is one of the leading automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. The services primarily consist of - automotive financing facilitation, automotive transaction facilitation, and aftermarket service facilitation. Geographically, it derives revenue from China.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: Earnings
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!