Cango Q2 Loss Narrows, Revenue Falls; Shares Drop After Hours

MT newswire2026/08/31 21:39

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05:39 PM EDT, 08/31/2026 (MT Newswires) -- Cango (CANG) reported a Q2 loss from continuing operations late Monday of $1.99 per diluted share, narrowing from the loss of $15.67 a year earlier. One analyst polled by FactSet expected a loss of $0.91. Revenue in the three months ended June 30 fell to $50.8 million from $139.8 million a year earlier. Two analysts projected $60.7 million. Cango shares fell 9.6% in after-hours trading.

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