P/E ratio for CarGurus (CARG)
P/E ratio as of May 2024 (TTM): 9.44
According to CarGurus's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.44444. At the end of 2022 the company had a P/E ratio of 8.65.
P/E ratio history for CarGurus from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.65 | -100% |
| 2021 | < -1000 | -6.4935858262577E+17% |
| 2020 | 46.7 | -50.92% |
| 2019 | 95.1 | 63.5% |
| 2018 | 58.2 | -87.69% |
| 2017 | 473 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Perion Network PERI | 4.82 | -48.96% | 🇮🇱 Israel |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.