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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
May 31, 2020
May 31, 2019
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES $ 3,228,782 $ 5,366,318
TOTAL COST OF SALES 2,874,599 4,623,935
GROSS PROFIT 354,183 742,383
CARMAX AUTO FINANCE INCOME 50,950 115,959
Selling, general and administrative expenses 373,716 489,660
Interest expense 23,958 17,784
Other expense (income) 3,295 (359)
Earnings before income taxes 4,164 351,257
Income tax provision (814) 84,513
NET EARNINGS $ 4,978 $ 266,744
WEIGHTED AVERAGE COMMON SHARES:    
Basic, shares 162,673 166,324
Diluted, shares 163,537 167,643
NET EARNINGS PER SHARE:    
Basic (in dollars per share) $ 0.03 $ 1.60
Diluted (in dollars per share) $ 0.03 $ 1.59
Used vehicle sales    
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES $ 2,786,202 $ 4,540,657
TOTAL COST OF SALES 2,524,676 4,043,824
Wholesale vehicle sales    
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES 342,852 662,449
TOTAL COST OF SALES 280,922 536,490
Total other sales and revenues    
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES 99,728 163,212
TOTAL COST OF SALES $ 69,001 $ 43,621
NET SALES AND OPERATING REVENUES    
Percentage of Sales    
Item as a percent of net sales and operating revenues 100.00% 100.00%
TOTAL COST OF SALES    
Percentage of Sales    
Item as a percent of net sales and operating revenues 89.00% 86.20%
GROSS PROFIT    
Percentage of Sales    
Item as a percent of net sales and operating revenues 11.00% 13.80%
CARMAX AUTO FINANCE INCOME    
Percentage of Sales    
Item as a percent of net sales and operating revenues 1.60% 2.20%
Selling, general and administrative expenses    
Percentage of Sales    
Item as a percent of net sales and operating revenues 11.60% 9.10%
Interest expense    
Percentage of Sales    
Item as a percent of net sales and operating revenues 0.70% 0.30%
Other expense (income)    
Percentage of Sales    
Item as a percent of net sales and operating revenues 0.10% 0.00%
Earnings before income taxes    
Percentage of Sales    
Item as a percent of net sales and operating revenues 0.10% 6.50%
Income tax provision    
Percentage of Sales    
Item as a percent of net sales and operating revenues 0.00% 1.60%
NET EARNINGS    
Percentage of Sales    
Item as a percent of net sales and operating revenues 0.20% 5.00%
NET SALES AND OPERATING REVENUES | Used vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 86.30% 84.60%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 10.60% 12.30%
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% 3.00%
TOTAL COST OF SALES | Used vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 78.20% 75.40%
TOTAL COST OF SALES | Wholesale vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 8.70% 10.00%
TOTAL COST OF SALES | Total other sales and revenues    
Percentage of Sales    
Item as a percent of net sales and operating revenues 2.10% 0.80%