How to buy Cango shares

Learn how to easily invest in Cango shares.

Cango Inc (CANG) is a publicly traded auto and truck dealerships business based in the US which employs around 650 staff. Cango is listed on the NYSE and traded in US dollars. Its current price of $2.85 is 54.1% up on its price a month ago ($1.85).

How to buy shares in Cango

  1. Open a brokerage account. Choose from our top broker picks or compare brokers in depth. Then, complete an application.
  2. Fund your account. Add money to your account via bank transfer, debit card or credit card.
  3. Search the platform by ticker symbol. CANG in this case.
  4. Choose an order type. Place a market order or limit order with your preferred number of shares or dollar amount.
  5. Submit the order. It's that simple.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.

Our top picks for where to buy Cango shares

Best for 0% commission stocks
eToro Free Stocks logo
Finder Award
Go to site
Capital at risk. Fees apply.
Copy picks from top traders
4.3 ★★★★★
Commission-free trades
Fractional shares
Get dividend payments
Best for fractional shares
XTB logo
Go to site
Capital at risk. T&Cs apply.
Earn 5% on uninvested funds
4.4 ★★★★★
Commission-free trades
Fractional shares
5,400+ stocks/ETFs
Best for US shares
CMC Invest share dealing account logo
Finder Award
Go to site
Capital at risk. T&Cs apply.
Try Plus free for 3 months
4.4 ★★★★★
Commission-free trades
3,000+ stocks
Real-time live pricing

These providers cover a wide range of stocks, but we can't guarantee they'll all offer this stock.

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.


Alternative ways to invest in Cango

Buying shares in just one company is generally considered a riskier bet than investing in a range of investments - AKA a "diversified portfolio". Experts generally recommend holding a mix of investments in specific assets and funds. Funds are ready-made portfolios of multiple companies' shares (potentially including Cango), and the idea is that drops in the value of one constituent company's share price might be offset by rises in others.

Cango is a major part of the NYSE, so it's included in many global funds and investment trusts, as well as tracker-style exchange traded funds (ETFs).

Is it a good time to buy Cango stock?

Review technicals and fundamentals to help you determine if now's a good time for you to invest.

Technical analysis

View Cango's price performance, share price volatility, historical data and technicals.

Use our graph to track the performance of CANG stock over time.

Historical closes compared with the last close of $2.85

1 week (2024-10-27)14.46%
1 month (2024-10-03)54.05%
3 months (2024-08-01)60.11%
6 months (2024-05-02)83.87%
1 year (2023-11-02)159.09%
2 years (2022-11-03)13.55%
3 years (2021-11-03)-35.08%
5 years (2019-11-03)-50.43%

The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.

Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.

Promoted
eToro Free Stocks
Invest in Cango shares
Finder Award
  • Start investing from $100
  • Pay no stamp duty on UK shares
  • Commission-free trading. Other fees may apply.

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.


Is Cango under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Cango P/E ratio, PEG ratio and EBITDA.

Cango's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 15x. In other words, Cango's shares trade at around 15x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

However, Cango's P/E ratio is best considered in relation to those of others within the industry or those of similar companies.

Cango's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $160.8 million (£0 billion).

The EBITDA is a measure of Cango's overall financial performance and is widely used to measure a its profitability.

To put that into context you can compare it against similar companies.

Frequently asked questions

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.


More guides on Finder

Go to site