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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2020
Aug. 31, 2019
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 5,372,166 $ 5,201,151 $ 8,600,948 $ 10,567,469
TOTAL COST OF SALES 4,620,023 4,507,698 7,494,622 9,131,633
GROSS PROFIT  752,143 693,453 1,106,326 1,435,836
CARMAX AUTO FINANCE INCOME  147,195 114,131 198,145 230,090
Selling, general and administrative expenses 490,208 480,831 863,924 970,491
Interest expense 22,469 21,073 46,427 38,857
Other (income) expense (1,680) 143 1,615 (216)
Earnings before income taxes 388,341 305,537 392,505 656,794
Income tax provision 91,645 71,938 90,831 156,451
NET EARNINGS  $ 296,696 $ 233,599 $ 301,674 $ 500,343
WEIGHTED AVERAGE COMMON SHARES:        
Basic, shares 163,434 165,354 163,053 165,839
Diluted, shares 165,623 167,272 164,580 167,458
NET EARNINGS PER SHARE:        
Basic (in dollars per share) $ 1.82 $ 1.41 $ 1.85 $ 3.02
Diluted (in dollars per share) $ 1.79 $ 1.40 $ 1.83 $ 2.99
Used vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 4,389,233 $ 4,346,295 $ 7,175,435 $ 8,886,952
TOTAL COST OF SALES 3,908,065 3,889,917 6,432,741 7,933,741
Wholesale vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 819,082 678,286 1,161,934 1,340,735
TOTAL COST OF SALES 674,712 560,906 955,634 1,097,396
Total other sales and revenues        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 163,851 176,570 263,579 339,782
TOTAL COST OF SALES $ 37,246 $ 56,875 $ 106,247 $ 100,496
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 86.00% 86.70% 87.10% 86.40%
GROSS PROFIT         
Percentage of Sales        
Item as a percent of net sales and operating revenues 14.00% 13.30% 12.90% 13.60%
CARMAX AUTO FINANCE INCOME         
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.70% 2.20% 2.30% 2.20%
Selling, general and administrative expenses        
Percentage of Sales        
Item as a percent of net sales and operating revenues 9.10% 9.20% 10.00% 9.20%
Interest expense        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.40% 0.40% 0.50% 0.40%
Other (income) expense        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.00% 0.00% 0.00% 0.00%
Earnings before income taxes        
Percentage of Sales        
Item as a percent of net sales and operating revenues 7.20% 5.90% 4.60% 6.20%
Income tax provision        
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.70% 1.40% 1.10% 1.50%
NET EARNINGS         
Percentage of Sales        
Item as a percent of net sales and operating revenues 5.50% 4.50% 3.50% 4.70%
NET SALES AND OPERATING REVENUES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 81.70% 83.60% 83.40% 84.10%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 15.20% 13.00% 13.50% 12.70%
NET SALES AND OPERATING REVENUES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 3.00% 3.40% 3.10% 3.20%
TOTAL COST OF SALES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 72.70% 74.80% 74.80% 75.10%
TOTAL COST OF SALES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 12.60% 10.80% 11.10% 10.40%
TOTAL COST OF SALES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.70% 1.10% 1.20% 1.00%