How to Buy Cango Stock
Cango Inc
Cango, Inc. (Cayman island) is a holding company, which engages in the development and operation of automotive transaction service platform for connecting dealers, financial institutions, and car buyers.
Cango stock last closed at $3.89, up 4.29% from the previous day, and has increased 190.3% in one year. It has overperformed other stocks in the Auto & Truck Dealerships industry by 1.74 percentage points. Cango stock is currently +194.7% from its 52-week low of $1.32, and -59.73% from its 52-week high of $9.66.
As of Apr 21, 2025, there are 207.57M shares of CANG outstanding. The market value of CANG is $403.71M. In the last 24 hours, 261,731 CANG shares were traded.
How to Buy Cango Stock
Wondering how to invest in Cango stock? Here's how.
- Choose where to buy Cango stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Cango stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Choose your method of payment and add your info.
- Research Cango stock: The Cango ticker symbol is CANG. Is Cango stock a good investment? Should you buy shares of CANG? How do CANG's underlying business fundamentals look? Do top analysts think Cango is a good buy? Why has CANG's stock price moved recently? (Hint: Our stock market research tools can help you understand if CANG is a good stock to buy).
- Make your CANG purchase: Decide if you will purchase CANG shares at the current market price or use a limit order to buy CANG shares at a given price.
- Get the latest scoop on your investment in CANG: Create a watchlist to keep tabs on your position in Cango shares.
Step 1: Choose where to buy Cango stock
You need an online brokerage account to access the NYSE market and buy CANG shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best brokerage. Here's why:
- Invest in stocks with zero commissions: Invest without commissions.
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- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by signing up for an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal information so you can invest in CANG today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open a new brokerage account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've filled out your info on stock market apps, your next step is to transfer the money for your investment:
Watch the video below to see the process of transferring funds into your new investment account.
Step 4: Research Cango stock
After you have decided on the best place to buy Cango stock, it's very important to evaluate their stock prior to buying, so you truly understand the risk as well as the upside.
Cango shares quick numbers
Cango Fundamentals
WallStreetZen was built to help average investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on CANG's stock page.
What is the fair value of CANG stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CANG's intrinsic value.
Using relative valuations metrics:
- CANG could be undervalued based on its P/E ratio of 9.8x, relative to Auto & Truck Dealerships industry P/E ratio of 54.54x
- CANG could be undervalued based on its P/B ratio of 0.72x, relative to Auto & Truck Dealerships industry P/B ratio of 2.84x
- CANG could be overvalued based on its PEG ratio of 9.8x
You can do more valuation analysis on CANG's stock here.
How do CANG Financials look?
Positive Health Checks:
- Total CANG debt is lower than 5 years ago, relative to shareholder equity.
- CANG profit margin has gone up from -2.2% to 37.3% in the past year.
- There are more short-term assets than short-term liabilities on the CANG balance sheet.
- There are more short-term assets than long-term liabilities on the CANG balance sheet.
- CANG has cash burn of 170659088. It has sufficient cash and short-term investments to cover this for at least one year.
Negative Health Checks:
- CANG has $352.34M in cash and short term investments. This is not sufficient to cover its annual cash burn of $170.66M.
- CANG has a relatively high debt to equity ratio of 0.46.
CANG Momentum
Is CANG Making Money?
Last year, CANG earnings were $41.30M. In the last 5 year, CANG's earnings have gone up by 1.37% per year. This was faster than the Auto & Truck Dealerships industry average of -15.54%.
Last year, CANG revenue was $110.81M. Over the last 5 year, CANG's revenue has increased by -11.74% per year. This was slower than the Auto & Truck Dealerships industry average of 17.83%.
You can research CANG's earnings and revenue performance here.
Are CANG insiders buying or selling the stock?
Over the last year, insiders at CANG have not bought or sold any shares.
Get more info about who owns CANG stock here.
Does CANG provide a stable income stream?
No, Cango doesn't provide an income stream by paying out dividends.
CANG Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your CANG purchase
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price limit, place a limit order.
Click the Open button and eToro will execute your order.
If you need additional info about buying stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your investment in CANG
Now that you own some shares in CANG, you'll want to stay up-to-date on your new shares.
Create a watchlist to get notified of the latest news about your CANG stock.
CANG Feed
How to Buy Stock in Cango
To reiterate, here are the 6 steps to buy stock in Cango:
- Choose where to buy Cango stock
- Create your brokerage account
- Put funds into your investment account
- Research Cango stock
- Make your CANG purchase
- Get the latest scoop on your investment in CANG
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Cango, hit the button below to create your watchlist.
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