Cango Inc. (CANG) Tops Q3 EPS by $1.67

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Go back to Cango Inc. (CANG) Tops Q3 EPS by $1.67

Cango Inc. Reports Third Quarter 2020 Unaudited Financial Results

November 23, 2020 4:30 PM EST

SHANGHAI, Nov. 23, 2020 /PRNewswire/ -- 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.

Third Quarter 2020 Financial and Operational Highlights

Total revenues were RMB434.9 million (US$64.1 million), a 23.8% increase from RMB351.3 million in the same period of 2019, outperforming the high end of the Company's guidance by 31.8%. This was mainly driven by an increase in the amount of financing transactions the Company facilitated and car trading transactions. After-market... More