{
 "company": "MarineMax, Inc.",
 "ticker": "HZO",
 "sector": "Specialty Retail",
 "fiscalYearEnd": null,
 "revenueUsdM": 2309.3,
 "normalizedSga": {
  "pctRevenue": 26.35,
  "peerCount": 17,
  "peerMedianPctRevenue": 11.3,
  "peerLeanQuartilePctRevenue": 9.8,
  "peers": [
   {
    "ticker": "ONEW",
    "name": "OneWater Marine Inc.",
    "normalizedSgaPctRevenue": 16.77
   },
   {
    "ticker": "ABG",
    "name": "Asbury Automotive Group, Inc.",
    "normalizedSgaPctRevenue": 10.66
   },
   {
    "ticker": "MBUU",
    "name": "Malibu Boats, Inc.",
    "normalizedSgaPctRevenue": 14.3
   },
   {
    "ticker": "MCFT",
    "name": "MasterCraft Boat Holdings, Inc.",
    "normalizedSgaPctRevenue": 11.58
   },
   {
    "ticker": "WGO",
    "name": "Winnebago Industries, Inc.",
    "normalizedSgaPctRevenue": 9.47
   },
   {
    "ticker": "LCII",
    "name": "LCI Industries",
    "normalizedSgaPctRevenue": 12.02
   },
   {
    "ticker": "CWH",
    "name": "Camping World Holdings, Inc.",
    "normalizedSgaPctRevenue": 23.11
   },
   {
    "ticker": "KMX",
    "name": "CarMax, Inc.",
    "normalizedSgaPctRevenue": 8.38
   },
   {
    "ticker": "CVNA",
    "name": "Carvana Co.",
    "normalizedSgaPctRevenue": 9.57
   },
   {
    "ticker": "AN",
    "name": "AutoNation, Inc.",
    "normalizedSgaPctRevenue": 11.2
   },
   {
    "ticker": "PAG",
    "name": "Penske Automotive Group, Inc.",
    "normalizedSgaPctRevenue": 11.42
   },
   {
    "ticker": "GPI",
    "name": "Group 1 Automotive, Inc.",
    "normalizedSgaPctRevenue": 10.86
   },
   {
    "ticker": "LAD",
    "name": "Lithia Motors, Inc.",
    "normalizedSgaPctRevenue": 9.8
   },
   {
    "ticker": "SAH",
    "name": "Sonic Automotive, Inc.",
    "normalizedSgaPctRevenue": 10.41
   },
   {
    "ticker": "CRMT",
    "name": "America's Car-Mart, Inc.",
    "normalizedSgaPctRevenue": 15.87
   },
   {
    "ticker": "RUSHA",
    "name": "Rush Enterprises, Inc.",
    "normalizedSgaPctRevenue": 13.25
   }
  ],
  "definition": "Reported SG&A less the disclosed lines that distort comparison: advertising, R&D, pension, stock-based compensation, restructuring and one-time items, plus logistics reclassed where filers park it in SG&A."
 },
 "disclosedLines": [
  {
   "key": "advertising",
   "label": "Advertising",
   "pctRevenue": 1.67,
   "companiesDisclosing": 15,
   "peersDisclosing": [
    {
     "ticker": "ONEW",
     "pctRevenue": 1.56
    },
    {
     "ticker": "ABG",
     "pctRevenue": 0.38
    },
    {
     "ticker": "MCFT",
     "pctRevenue": 1.55
    },
    {
     "ticker": "WGO",
     "pctRevenue": 0.75
    },
    {
     "ticker": "CWH",
     "pctRevenue": 2.06
    },
    {
     "ticker": "KMX",
     "pctRevenue": 1.1
    },
    {
     "ticker": "CVNA",
     "pctRevenue": 1.79
    },
    {
     "ticker": "AN",
     "pctRevenue": 0.97
    },
    {
     "ticker": "PAG",
     "pctRevenue": 0.42
    },
    {
     "ticker": "GPI",
     "pctRevenue": 0.42
    },
    {
     "ticker": "LAD",
     "pctRevenue": 0.68
    },
    {
     "ticker": "SAH",
     "pctRevenue": 0.67
    },
    {
     "ticker": "CRMT",
     "pctRevenue": 0.37
    },
    {
     "ticker": "RUSHA",
     "pctRevenue": 0.15
    }
   ],
   "note": "Behind only CWH and CVNA. A brand-investment choice; advertising sits outside the normalized SG&A line, so it does not explain the Exhibit 2 gap."
  },
  {
   "key": "stock_comp",
   "label": "Stock-based comp",
   "pctRevenue": 0.84,
   "companiesDisclosing": 17,
   "peersDisclosing": [
    {
     "ticker": "ONEW",
     "pctRevenue": 0.56
    },
    {
     "ticker": "ABG",
     "pctRevenue": 0.15
    },
    {
     "ticker": "MBUU",
     "pctRevenue": 0.73
    },
    {
     "ticker": "MCFT",
     "pctRevenue": 1.02
    },
    {
     "ticker": "WGO",
     "pctRevenue": 0.56
    },
    {
     "ticker": "LCII",
     "pctRevenue": 0.55
    },
    {
     "ticker": "CWH",
     "pctRevenue": 0.7
    },
    {
     "ticker": "KMX",
     "pctRevenue": 0.38
    },
    {
     "ticker": "CVNA",
     "pctRevenue": 0.47
    },
    {
     "ticker": "AN",
     "pctRevenue": 0.17
    },
    {
     "ticker": "PAG",
     "pctRevenue": 0.09
    },
    {
     "ticker": "GPI",
     "pctRevenue": 0.13
    },
    {
     "ticker": "LAD",
     "pctRevenue": 0.16
    },
    {
     "ticker": "SAH",
     "pctRevenue": 0.15
    },
    {
     "ticker": "CRMT",
     "pctRevenue": 0.29
    },
    {
     "ticker": "RUSHA",
     "pctRevenue": 0.43
    }
   ],
   "note": "Above the peer median; equity compensation adds to the overhead load."
  },
  {
   "key": "restructuring",
   "label": "Restructuring",
   "pctRevenue": 0.0,
   "companiesDisclosing": 17,
   "peersDisclosing": [
    {
     "ticker": "ONEW",
     "pctRevenue": 7.91
    },
    {
     "ticker": "ABG",
     "pctRevenue": 0.0
    },
    {
     "ticker": "MBUU",
     "pctRevenue": 0.0
    },
    {
     "ticker": "MCFT",
     "pctRevenue": 0.0
    },
    {
     "ticker": "WGO",
     "pctRevenue": 0.0
    },
    {
     "ticker": "LCII",
     "pctRevenue": 0.0
    },
    {
     "ticker": "CWH",
     "pctRevenue": 0.09
    },
    {
     "ticker": "KMX",
     "pctRevenue": 0.0
    },
    {
     "ticker": "CVNA",
     "pctRevenue": 0.0
    },
    {
     "ticker": "AN",
     "pctRevenue": 0.0
    },
    {
     "ticker": "PAG",
     "pctRevenue": 0.0
    },
    {
     "ticker": "GPI",
     "pctRevenue": 0.13
    },
    {
     "ticker": "LAD",
     "pctRevenue": 0.0
    },
    {
     "ticker": "SAH",
     "pctRevenue": 0.0
    },
    {
     "ticker": "CRMT",
     "pctRevenue": 0.0
    },
    {
     "ticker": "RUSHA",
     "pctRevenue": 0.0
    }
   ],
   "note": "No filed restructuring charges for the latest fiscal year; runs in line with the typical peer, counted wherever they sit on the P&L; one-time charges are stripped from the Exhibit 2 number either way."
  }
 ],
 "gapToPeers": {
  "toPeerMedian": {
   "usdM": 345,
   "bps": 1493
  },
  "toLeanQuartile": {
   "usdM": 368,
   "bps": 1594
  }
 },
 "tsrBridge": [
  {
   "label": "1 year",
   "span": "FY2024 to FY2025",
   "companyTsrPct": -28,
   "peerTsrPct": -5,
   "driverPp": {
    "Revenue growth": -16.2,
    "Gross margin": -38.6,
    "SG&A": -133.5,
    "Multiple": 165.8,
    "Other": -0.8
   }
  },
  {
   "label": "3 years",
   "span": "FY2022 to FY2025",
   "companyTsrPct": -15,
   "peerTsrPct": 21,
   "driverPp": {
    "Revenue growth": -2,
    "Gross margin": 24.5,
    "SG&A": -46.6,
    "Multiple": 130.5,
    "Other": -142.7
   }
  }
 ],
 "recentQuarter": null,
 "sources": [
  "10-K and 10-Q filings (US GAAP)",
  "XBRL company facts",
  "earnings releases"
 ],
 "urls": {
  "briefing": "https://sgabenchmarking.com/r/HZO",
  "json": "https://sgabenchmarking.com/r/HZO.json",
  "industryBenchmarks": "https://sgabenchmarking.com/catalog.json"
 },
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}