P/E ratio for Carvana (CVNA)
P/E ratio as of December 2023 (TTM): -2.54
According to Carvana's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -2.53809. At the end of 2022 the company had a P/E ratio of -0.3054.
P/E ratio history for Carvana from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -0.3054 | -99.79% |
| 2021 | -146 | 69.19% |
| 2020 | -86.2 | 126.53% |
| 2019 | -38.0 | 153.5% |
| 2018 | -15.0 | 181.15% |
| 2017 | -5.34 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Uxin Limited UXIN | 26.5 | -1,144.09% | 🇨🇳 China |
 Kaixin Auto KXIN | 0.0476 | -101.88% | 🇨🇳 China |
 CarLotz LOTZ | -0.1721 | -93.22% | 🇺🇸 USA |
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.