CANG Earnings Prediction
The chart below shows how CANG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CANG sees a -4.81% change in stock price 10 days leading up to the earnings, and a -6.67% change 10 days following the report. On the earnings day itself, the stock moves by +0.33%. This data can give you a slight idea of what to expect for the next quarter's release.
CANG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
26.95M
-92.38%
-40.21%
Gross Margin
13.70%
-1.15%
-66.72%
Operating Margin
104.35%
472.72%
28.12%
Net Margin
251.84%
1914.41%
31.98%
EPS
0.30
236.36%
-21.05%
No Data Available
CANG Earnings Analysis
Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares Corporation (CANG.N) Earnings Conference Call
Positive
Stable Revenue Performance: Cango's total revenue for Q3 2024 was RMB 26.95 million, demonstrating stable performance across all business segments.
Q3 Operating Profit Growth: Operating profit for Q3 2024 reached RMB 35.24 million, reflecting effective cost control and operational efficiency improvements.
Strong Q3 Profitability: Net profit for Q3 2024 was RMB 67.88 million, indicating strong financial health and profitability.
App Page Views Growth: The Cango U-car app accumulated a total of 280,000 page views by the end of Q3 2024, marking a 21% increase from the previous quarter.
Cash Position Analysis: Cango's cash and cash equivalents amounted to RMB 691.8 million as of September 30, 2024, compared to RMB 949.5 million at the end of June 2024, showcasing a solid liquidity position.
Negative
Revenue Comparison Q3 2024: Total revenues in the third quarter of 2024 were RMB 27.0 million compared with RMB 353.6 million in the same period of 2023.
Guaranteed Income Q3 2024: Guaranteed income which represented the fee income earned on the non-contingent aspect of a guarantee was RMB 14.4 million in the third quarter of 2024.
Cost of Revenue Decrease: Cost of revenue in the third quarter decreased to RMB 23.3 million from RMB 304.6 million in the same period of 2023.
Administrative Expense Increase: General and administrative expenses in the third quarter were RMB 45.2 million compared with RMB 34.7 million in the same period of 2023.
R&D Expense Decrease: Research and development expenses in the third quarter decreased to RMB 1.4 million from RMB 7.0 million in the same period of 2023.
CANG FAQs
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CANG Earning Call Sentiment
Cango Inc. (CANG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CANG.N
0.71%Positive
The earnings call reflects significant revenue decline and increased general and administrative expenses, despite improved operational efficiency. The absence of a share buyback program and reduced cash and cash equivalents further dampen sentiment. Although management highlights improved risk management and optimistic macroeconomic impacts, the Q&A section reveals uncertainty regarding overseas integration and service optimization. With weak guidance and potential credit risk vulnerabilities, the sentiment is negative, predicting a stock price decrease of -2% to -8%.
