​

Cango (CANG) Revenue & Revenue Breakdown

OverviewOwnershipFinancialsChartTranscripts

Cango Revenue Highlights

Latest Revenue (Y)

$1.70B

Latest Revenue (Q)

$64.42M

Main Segment (Y)

Automobile trading income

Cango Revenue by Period

Cango Revenue by Year

DateRevenueChange
2023-12-31$1.70B-14.06%
2022-12-31$1.98B-49.50%
2021-12-31$3.92B91.08%
2020-12-31$2.05B42.52%
2019-12-31$1.44B31.95%
2018-12-31$1.09B3.73%
2017-12-31$1.05B142.29%
2016-12-31$434.28M-

Cango generated $1.70B in revenue during NA 2023, up -14.06% compared to the previous quarter, and up 155.94% compared to the same period a year ago.

Cango Revenue by Quarter

DateRevenueChange
2024-03-31$64.42M-50.53%
2023-12-31$130.24M-63.17%
2023-09-30$353.64M-47.64%
2023-06-30$675.43M24.48%
2023-03-31$542.61M11.39%
2022-12-31$487.12M16.97%
2022-09-30$416.45M44.00%
2022-06-30$289.19M-63.29%
2022-03-31$787.69M-25.02%
2021-12-31$1.05B31.21%
2021-09-30$800.63M-15.43%
2021-06-30$946.75M-15.75%
2021-03-31$1.12B2.40%
2020-12-31$1.10B152.31%
2020-09-30$434.95M58.71%
2020-06-30$274.05M11.41%
2020-03-31$246.00M-43.90%
2019-12-31$438.53M24.84%
2019-09-30$351.29M4.46%
2019-06-30$336.30M-4.37%
2019-03-31$351.66M9.50%
2018-12-31$321.14M12.61%
2018-09-30$285.17M20.69%
2018-06-30$236.29M-5.04%
2018-03-31$248.82M-20.08%
2017-12-31$311.33M11.81%
2017-09-30$278.44M4.15%
2017-06-30$267.34M37.03%
2017-03-31$195.10M-14.79%
2016-12-31$228.96M-

Cango generated $64.42M in revenue during Q1 2024, up -50.53% compared to the previous quarter, and up 13.23% compared to the same period a year ago.

Cango Revenue Breakdown

Cango Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Loan Facilitation Income And Other Related Income$19.96M$146.43M$1.23B--
Automobile trading income$1.31B$1.60B$2.23B--
After-market Service Facilitation Service Income$65.39M$71.46M$193.79M$241.19M-
Service, Other$37.38M----
Product and Service, Other-$10.74M$15.91M$8.55M$20.16M
Leasing-$155.52M$251.30M$286.08M$300.08M
Loan Facilitation---$891.84M$913.84M
Automobile Trading Income---$624.77M-
Aftermarket Service Facilitation Service Income----$206.00M

Cango's latest annual revenue breakdown by segment (product or service), as of Dec 23: Automobile trading income (91.43%), After-market Service Facilitation Service Income (4.57%), Service, Other (2.61%), and Loan Facilitation Income And Other Related Income (1.39%).

Cango Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
LADLithia Motors$31.04B$9.22B
PAGPenske Automotive Group$29.53B$7.59B
ANAutoNation$26.95B$6.59B
GPIGroup 1 Automotive$17.87B$5.22B
ABGAsbury Automotive Group$14.80B$4.24B
SAHSonic Automotive$14.37B$3.49B
RUSHARush Enterprises$7.93B$1.90B
UXINUxin$2.06B$289.02M
CANGCango$1.70B$64.42M
KARKAR Auction Services$1.65B$448.40M
CARSCars$689.18M$179.65M
KFSKingsway Financial Services$103.24M$27.14M

CANG Revenue FAQ

What is Cango’s yearly revenue?

Cango's yearly revenue for 2023 was $1.7B, representing a decrease of -14.06% compared to 2022. The company's yearly revenue for 2022 was $1.98B, representing a decrease of -49.50% compared to 2021. CANG's yearly revenue for 2021 was $3.92B, representing an increase of 91.08% compared to 2020.

What is Cango’s quarterly revenue?

Cango's quarterly revenue for Q1 2024 was $64.42M, a -50.53% decrease from the previous quarter (Q4 2023), and a -88.13% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $130.24M, a -63.17% decrease from the previous quarter (Q3 2023), and a -73.26% decrease year-over-year (Q4 2022). CANG's quarterly revenue for Q3 2023 was $353.64M, a -47.64% decrease from the previous quarter (Q2 2023), and a -15.08% decrease year-over-year (Q3 2022).

What is Cango’s revenue growth rate?

Cango's revenue growth rate for the last 3 years (2021-2023) was -56.60%, and for the last 5 years (2019-2023) was 18.18%.

What are Cango’s revenue streams?

Cango's revenue streams in c 23 are Loan Facilitation Income And Other Related Income, Automobile trading income, After-market Service Facilitation Service Income, and Service, Other. Loan Facilitation Income And Other Related Income generated $19.96M in revenue, accounting 1.39% of the company's total revenue, down -86.37% year-over-year. Automobile trading income generated $1.31B in revenue, accounting 91.43% of the company's total revenue, down -17.96% year-over-year. After-market Service Facilitation Service Income generated $65.39M in revenue, accounting 4.57% of the company's total revenue, down -8.49% year-over-year. Service, Other generated $37.38M in revenue, accounting 2.61% of the company's total revenue

What is Cango’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Cango was Automobile trading income. This segment made a revenue of $1.31B, representing 91.43% of the company's total revenue.