
	Three Months Ended August 31								Six Months Ended August 31
(In millions)	2012			% ⁽¹⁾	2011			% ⁽¹⁾	2012			% ⁽¹⁾	2011			% ⁽¹⁾
Interest margin:
Interest and fee income		$	123.5	9.4		$	111.8	9.7		$	243.8	9.4		$	219.7	9.8
Interest expense			(23.9)	(1.8)			(26.2)	(2.3)			(49.0)	(1.9)			(54.7)	(2.4)
Total interest margin			99.6	7.6			85.6	7.5			194.8	7.5			165.0	7.3
Provision for loan losses			(12.9)	(1.0)			(10.8)	(0.9)			(22.1)	(0.9)			(9.8)	(0.4)
Total interest margin after
provision for loan losses			86.7	6.6			74.8	6.5			172.7	6.7			155.2	6.9

Other (loss) income			(0.2)	―			0.4	―			(0.2)	―			1.1	―

Direct expenses:
Payroll and fringe benefit
expense			(5.4)	(0.4)			(5.1)	(0.4)			(10.7)	(0.4)			(10.4)	(0.5)
Other direct expenses			(5.4)	(0.4)			(6.3)	(0.5)			(10.9)	(0.4)			(12.4)	(0.6)
Total direct expenses			(10.8)	(0.8)			(11.4)	(1.0)			(21.6)	(0.8)			(22.8)	(1.0)
CarMax Auto Finance income		$	75.7	5.8		$	63.8	5.6		$	150.9	5.8		$	133.5	5.9

Total average managed
receivables		$	5,245.4			$	4,596.6			$	5,160.3			$	4,492.2

⁽¹⁾ Annualized percent of total average managed receivables.