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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Feb. 28, 2018
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES $ 20,319,987 $ 18,173,100 $ 17,120,209
TOTAL COST OF SALES 17,597,647 15,692,509 14,791,350
GROSS PROFIT 2,722,340 2,480,591 2,328,859
CARMAX AUTO FINANCE INCOME 456,030 438,690 421,182
Selling, general and administrative expenses 1,940,067 1,730,275 1,617,051
Interest expense 83,007 75,792 70,745
Other (income) expense (5,690) 408 (1,363)
Earnings before income taxes 1,160,986 1,112,806 1,063,608
Income tax provision 272,553 270,393 399,496
NET EARNINGS $ 888,433 $ 842,413 $ 664,112
WEIGHTED AVERAGE COMMON SHARES:      
Basic (in shares) 164,836 174,463 182,660
Diluted (in shares) 166,820 175,884 184,470
NET EARNINGS PER SHARE:      
Basic (in dollars per share) $ 5.39 $ 4.83 $ 3.64
Diluted (in dollars per share) $ 5.33 $ 4.79 $ 3.60
Used vehicle sales      
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES $ 17,169,462 $ 15,172,772 $ 14,392,360
TOTAL COST OF SALES 15,349,401 13,544,033 12,824,741
Wholesale vehicle sales      
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES 2,500,042 2,392,992 2,181,156
TOTAL COST OF SALES 2,045,680 1,961,959 1,788,704
Other sales and revenues      
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES 650,483 607,336 546,693
TOTAL COST OF SALES $ 202,566 $ 186,517 $ 177,905
NET SALES AND OPERATING REVENUES      
Percentage of Sales      
Item as a percent of net sales and operating revenues 100.00% 100.00% 100.00%
TOTAL COST OF SALES      
Percentage of Sales      
Item as a percent of net sales and operating revenues 86.60% 86.40% 86.40%
GROSS PROFIT      
Percentage of Sales      
Item as a percent of net sales and operating revenues 13.40% 13.60% 13.60%
CARMAX AUTO FINANCE INCOME      
Percentage of Sales      
Item as a percent of net sales and operating revenues 2.20% 2.40% 2.50%
Selling, general and administrative expenses      
Percentage of Sales      
Item as a percent of net sales and operating revenues 9.50% 9.50% 9.40%
Interest expense      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.40% 0.40% 0.40%
Other (income) expense      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.00% 0.00% 0.00%
Earnings before income taxes      
Percentage of Sales      
Item as a percent of net sales and operating revenues 5.70% 6.10% 6.20%
Income tax provision      
Percentage of Sales      
Item as a percent of net sales and operating revenues 1.30% 1.50% 2.30%
NET EARNINGS      
Percentage of Sales      
Item as a percent of net sales and operating revenues 4.40% 4.60% 3.90%
NET SALES AND OPERATING REVENUES | Used vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 84.50% 83.50% 84.10%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 12.30% 13.20% 12.70%
NET SALES AND OPERATING REVENUES | Other sales and revenues      
Percentage of Sales      
Item as a percent of net sales and operating revenues 3.20% 3.30% 3.20%
TOTAL COST OF SALES | Used vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 75.50% 74.50% 74.90%
TOTAL COST OF SALES | Wholesale vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 10.10% 10.80% 10.40%
TOTAL COST OF SALES | Other sales and revenues      
Percentage of Sales      
Item as a percent of net sales and operating revenues 1.00% 1.00% 1.00%