P/E ratio for OPENLANE Corporate (KAR)
P/E ratio as of October 2023 (TTM): -8.27
According to OPENLANE Corporate's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -8.26776. At the end of 2021 the company had a P/E ratio of 78.1.
P/E ratio history for OPENLANE Corporate from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 78.1 | -196.42% |
| 2020 | -81.0 | -627.86% |
| 2019 | 15.3 | 107.3% |
| 2018 | 7.40 | 3.38% |
| 2017 | 7.16 | -28.54% |
| 2016 | 10.0 | 9.38% |
| 2015 | 9.16 | -15.48% |
| 2014 | 10.8 | -53.48% |
| 2013 | 23.3 | 106.83% |
| 2012 | 11.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 CarMax
KMX | 23.7 | -386.83% | 🇺🇸 USA |
 Copart
CPRT | 33.5 | -505.63% | 🇺🇸 USA |
 America's Car-Mart CRMT | 53.1 | -741.89% | 🇺🇸 USA |
 Lithia Motors LAD | 7.44 | -190.01% | 🇺🇸 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.