|Bid||8.60 x 800|
|Ask||9.25 x 800|
|Day's Range||8.60 - 9.24|
|52 Week Range||4.20 - 14.00|
|Beta (5Y Monthly)||1.18|
|PE Ratio (TTM)||80.09|
|Earnings Date||Nov 23, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 01, 2020|
|1y Target Est||6.59|
Joining us today are Mr. Jiayuan Lin, Chief Executive Officer, and Mr. Michael Zhang, Chief Financial Officer of the company. With that, I am now turning the call over to Mr. Jiayuan Lin, CEO of Cango.
Shares of Cango (NYSE: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, 2020View more earnings on CANGTime: 08:00 PMET Webcast URL: https://78449.choruscall.com/dataconf/productusers/cang/mediaframe/42047/indexr.htmlPrice Action 52-week high: $9.82Company's 52-week low was at $4.20Price 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.See more from Benzinga * Click here for options trades from Benzinga * Earnings Scheduled For November 23, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Cango, Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its unaudited financial results for the third quarter of 2020.