Company / SG&A Expense
Carvana SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$2.3B
FY2025
5-year range
$1.8B / $2.7B
FY2021-FY2025
Trend
+23.2%
vs FY2024
Sector context
#34 of 211
Consumer Discretionary
What the data says
Carvana's sg&a expense of $2.3B is higher than 84% of companies in the Consumer Discretionary sector (FY2025). Increased from $1.8B to $2.3B over the past 2 years.
Based on SEC 10-K filings.
$2.3B in FY2025 with a 5-year CAGR of +15.4%. Top quartile in the Consumer Discretionary sector.
Increased from $1.8B to $2.3B over the past 2 years.
Consumer Discretionary sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- -5.5%
- 5-Year CAGR
- +15.4%
- 10-Year CAGR
- -
Sector benchmark
Bottom 16% in Consumer DiscretionaryTop 84% of 211This company $2.3B Sector average $1.5B
▼
+52.1% above sector average
Key checks
Key Insights
- 5-year CAGR of +15.4%, indicating consistent growth.
- In FY2025, sg&a expense increased 23.2% year-over-year.
- Ranks #34 out of 211 companies in the Consumer Discretionary sector.
- Peak sg&a expense was recorded in FY2022.
Company context
Key Data Points
- Low earnings quality (accrual-heavy earnings)
- Strong return on equity: 37.7%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.3B | +23.2% |
| FY2024 | $1.9B | +4.3% |
| FY2023 | $1.8B | -34.4% |
| FY2022 | $2.7B | +34.6% |
| FY2021 | $2.0B | +80.6% |
| FY2020 | $1.1B | +43.1% |
| FY2019 | $787.0M | +85.1% |
| FY2018 | $425.3M | +90.4% |
| FY2017 | $223.4M | +105.6% |
| FY2016 | $108.7M | +196.3% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026