The current PE ratio for CarGurus stock as of May 3, 2024 is 84.26. This is calculated based on the current EPS of $0.27 and the stock price of $22.75 per share. The P/E ratio has an increase of 190% from the past four quarters average of 29.0.
The average historical PE ratio of CarGurus for the last seven years is 72.73. The current PE ratio of 84.26 is 16% above the historical average. Over the past seven years, CARG's PE ratio was at its highest in the Mar 2018 quarter at 295.92, when the stock price was $38.47 and the EPS was $0.13. The lowest value was in the Mar 2023 quarter, when it reached 8.12 with a price of $18.68 and an EPS of $2.3.
Maximum annual increase: 947.78% in 2023
Maximum annual decrease: -75.62% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 89.48 | 947.78% |
| 2022 | 8.54 | N/A |
| 2021 | N/A | N/A |
| 2020 | 45.99 | -50.32% |
| 2019 | 92.58 | 64.67% |
| 2018 | 56.22 | -75.62% |
| 2017 | 230.62 | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
The current PE ratio of CARG is above the 3 and 5-year historical averages.
CARG's PE ratio is lower than its peer stock PINS.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CARG CarGurus Inc | 85.19 | $2.47B |
| PINS Pinterest Inc | 185.23 | $27.84B |
As of May 3, 2024, CARG stock has a price to earnings ratio of 84.26.
The 3-year average PE ratio for CARG stock is 26.68.
The 5-year average PE ratio for CARG stock is 45.85.
Over the last seven years, the quarterly PE ratio reached a historic high of 295.92 in the Mar 2018 quarter.
The current price to earnings ratio of CARG is 16% higher than the 7-year historical average.
CARG's stock price is trading at a higher multiple of earnings, which is why its PE ratio of 84.26 is considered high.
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (May 3, 2024), CarGurus's stock price is $22.75. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $0.27. Therefore, CarGurus's P/E ratio for today is 84.26. PE RATIO(84.26) = STOCK PRICE($22.75) / TTM EPS($0.27)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.