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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Nov. 30, 2019
Nov. 30, 2018
Nov. 30, 2019
Nov. 30, 2018
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 4,790,028 $ 4,295,871 $ 15,357,497 $ 13,854,498
TOTAL COST OF SALES 4,176,381 3,726,634 13,308,014 11,973,285
GROSS PROFIT 613,647 569,237 2,049,483 1,881,213
CARMAX AUTO FINANCE INCOME 114,033 109,725 344,123 334,985
Selling, general and administrative expenses 484,848 409,520 1,455,339 1,301,308
Interest expense 21,843 18,814 60,700 54,816
Other (income) expense (6,570) 2,820 (6,786) 3,097
Earnings before income taxes 227,559 247,808 884,353 856,977
Income tax provision 54,403 57,497 210,854 207,120
NET EARNINGS $ 173,156 $ 190,311 $ 673,499 $ 649,857
WEIGHTED AVERAGE COMMON SHARES:        
Basic, shares 164,273 173,816 165,321 176,088
Diluted, shares 166,534 175,321 167,154 177,656
NET EARNINGS PER SHARE:        
Basic (in dollars per share) $ 1.05 $ 1.09 $ 4.07 $ 3.69
Diluted (in dollars per share) $ 1.04 $ 1.09 $ 4.03 $ 3.66
Used vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 4,028,811 $ 3,547,925 $ 12,915,763 $ 11,544,340
TOTAL COST OF SALES 3,615,704 3,177,953 11,549,445 10,305,945
Wholesale vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 610,983 603,584 1,951,718 1,849,225
TOTAL COST OF SALES 504,177 498,840 1,601,573 1,518,698
Total other sales and revenues        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 150,234 144,362 490,016 460,933
TOTAL COST OF SALES $ 56,500 $ 49,841 $ 156,996 $ 148,642
NET SALES AND OPERATING REVENUES        
Percentage of Sales        
Item as a percent of net sales and operating revenues 100.00% 100.00% 100.00% 100.00%
TOTAL COST OF SALES        
Percentage of Sales        
Item as a percent of net sales and operating revenues 87.20% 86.70% 86.70% 86.40%
GROSS PROFIT        
Percentage of Sales        
Item as a percent of net sales and operating revenues 12.80% 13.30% 13.30% 13.60%
CARMAX AUTO FINANCE INCOME        
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.40% 2.60% 2.20% 2.40%
Selling, general and administrative expenses        
Percentage of Sales        
Item as a percent of net sales and operating revenues 10.10% 9.50% 9.50% 9.40%
Interest expense        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.50% 0.40% 0.40% 0.40%
Other (income) expense        
Percentage of Sales        
Item as a percent of net sales and operating revenues (0.10%) 0.10% 0.00% 0.00%
Earnings before income taxes        
Percentage of Sales        
Item as a percent of net sales and operating revenues 4.80% 5.80% 5.80% 6.20%
Income tax provision        
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.10% 1.30% 1.40% 1.50%
NET EARNINGS        
Percentage of Sales        
Item as a percent of net sales and operating revenues 3.60% 4.40% 4.40% 4.70%
NET SALES AND OPERATING REVENUES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 84.10% 82.60% 84.10% 83.30%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 12.80% 14.10% 12.70% 13.30%
NET SALES AND OPERATING REVENUES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 3.10% 3.40% 3.20% 3.30%
TOTAL COST OF SALES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 75.50% 74.00% 75.20% 74.40%
TOTAL COST OF SALES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 10.50% 11.60% 10.40% 11.00%
TOTAL COST OF SALES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.20% 1.20% 1.00% 1.10%