What is Carvana's SG&A?

Carvana (CVNA) reported SG&A of $704M in Q2 2026.

How has Carvana's SG&A changed year-over-year?

Carvana's SG&A increased by 27.8% year-over-year, from $551M to $704M.

What is the long-term trend for Carvana's SG&A?

Over 4 years (2021 to 2025), Carvana's SG&A has grown at a 3.2% compound annual growth rate (CAGR), from $2.03B to $2.31B.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Carvana CVNA SG&A

SG&A at other companies

AutoNationAN

$842.2M+2.5%

Penske Automotive GroupPAG

$965.6M+1.5%

LAD

Lithia MotorsLAD

$1.01B0.0%

CarMaxKMX

$635.18M-3.7%

Group 1 AutomotiveGPI

$600.6M-2.7%

ACV Auctions Inc.ACVA

$56.24M-4.7%

Other financials

Income statement

See full

Revenue$7.4B+52.4%

Gross profit$1.4B+30.1%

Operating income$680.0M+33.1%

Net income$310.0M+69.4%

EPS (diluted)$0.42+61.5%

Balance sheet

See full

Cash & equivalents$2.7B+42.1%

Total debt$5.8B-8.2%

Total equity$4.0B+133%

Total assets$14.6B+55.4%

Cash flow

See full

Operating cash flow$238.0M+721%

CapEx$51.0M+64.5%

Free cash flow$187.0M—

Valuation

See full

Market cap$47.33B+4.2%

Enterprise value$50.33B+1.1%

P/E30.2×-50.5×

P/S1.9×-0.9×

Profitability

See full

Gross margin19.4%-2.5pp

Operating margin8.9%-0.3pp

Net margin6.3%+2.8pp

FCF margin3.7%-0.1pp

Returns & leverage

See full

Return on equity54.5%+4.6pp

Debt / equity1.4×-2.2×

Current ratio3.9×-0.1×

Where this comes from

Reported directly by Carvana in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The official record: Carvana’s 10-Q, filed July 29, 2026, on SEC EDGAR. View the filing →

Ask your AI about Carvana's sg&a.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Carvana's SG&A?: Carvana (CVNA) reported SG&A of $704M in Q2 2026.
How has Carvana's SG&A changed year-over-year?: Carvana's SG&A increased by 27.8% year-over-year, from $551M to $704M.
What is the long-term trend for Carvana's SG&A?: Over 4 years (2021 to 2025), Carvana's SG&A has grown at a 3.2% compound annual growth rate (CAGR), from $2.03B to $2.31B.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.