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CarMax Auto Finance (Tables)
 6 Months Ended
Aug. 31, 2020
CarMax Auto Finance Income [Abstract]  
Components Of CarMax Auto Finance Income
Components of CAF Income
Three Months Ended August 31Six Months Ended August 31
(In millions)2020
% (1)
2019
% (1)
2020
% (1)
2019
% (1)
Interest margin:  
Interest and fee income$280.1 8.5 $275.7 8.5 $562.6 8.5 $541.9 8.4 
Interest expense(81.3)(2.5)(90.6)(2.8)(165.9)(2.5)(178.0)(2.8)
Total interest margin198.8 6.0 185.1 5.7 396.7 6.0 363.9 5.7 
Provision for loan losses(26.0)(0.8)(45.5)(1.4)(148.0)(2.2)(83.7)(1.3)
Total interest margin after provision for loan losses172.8 5.2 139.6 4.3 248.7 3.7 280.2 4.4 
Total other expense(0.3)— — — (2.2)— — — 
Direct expenses:  
Payroll and fringe benefit expense(11.4)(0.3)(10.4)(0.3)(22.6)(0.3)(20.5)(0.3)
Other direct expenses(14.0)(0.4)(15.1)(0.5)(25.8)(0.4)(29.6)(0.5)
Total direct expenses(25.4)(0.8)(25.5)(0.8)(48.4)(0.7)(50.1)(0.8)
CarMax Auto Finance income$147.2 4.5 $114.1 3.5 $198.1 3.0 $230.1 3.6 
Total average managed receivables$13,218.8 $13,012.1 $13,313.6 $12,859.7  
(1)     Annualized percentage of total average managed receivables.