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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
May 31, 2021
May 31, 2020
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES $ 7,697,599 $ 3,228,782
TOTAL COST OF SALES 6,773,090 2,874,599
GROSS PROFIT  924,509 354,183
CARMAX AUTO FINANCE INCOME  241,731 50,950
Selling, general and administrative expenses 554,069 324,891
Depreciation, Depletion and Amortization, Nonproduction 49,890 48,825
Interest expense 20,534 23,958
Other (income) expense (25,577) 3,295
Earnings before income taxes 567,324 4,164
Income tax provision 130,568 (814)
NET EARNINGS  $ 436,756 $ 4,978
WEIGHTED AVERAGE COMMON SHARES:    
Basic, shares 163,151 162,673
Diluted, shares 166,295 163,537
NET EARNINGS PER SHARE:    
Basic (in dollars per share) $ 2.68 $ 0.03
Diluted (in dollars per share) $ 2.63 $ 0.03
Used vehicle sales    
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES $ 6,157,344 $ 2,786,202
TOTAL COST OF SALES 5,560,337 2,524,676
Wholesale vehicle sales    
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES 1,374,357 342,852
TOTAL COST OF SALES 1,188,513 280,922
Total other sales and revenues    
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES 165,898 99,728
TOTAL COST OF SALES $ 24,240 $ 69,001
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 88.00% 89.00%
GROSS PROFIT     
Percentage of Sales    
Item as a percent of net sales and operating revenues 12.00% 11.00%
CARMAX AUTO FINANCE INCOME     
Percentage of Sales    
Item as a percent of net sales and operating revenues 3.10% 1.60%
Selling, general and administrative expenses    
Percentage of Sales    
Item as a percent of net sales and operating revenues 7.20% 10.10%
Depreciation and Amortization, Nonproduction    
Percentage of Sales    
Item as a percent of net sales and operating revenues 0.60% 1.50%
Interest expense    
Percentage of Sales    
Item as a percent of net sales and operating revenues 0.30% 0.70%
Other (income) expense    
Percentage of Sales    
Item as a percent of net sales and operating revenues (0.30%) 0.10%
Earnings before income taxes    
Percentage of Sales    
Item as a percent of net sales and operating revenues 7.40% 0.10%
Income tax provision    
Percentage of Sales    
Item as a percent of net sales and operating revenues 1.70% 0.00%
NET EARNINGS     
Percentage of Sales    
Item as a percent of net sales and operating revenues 5.70% 0.20%
NET SALES AND OPERATING REVENUES | Used vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 80.00% 86.30%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 17.90% 10.60%
NET SALES AND OPERATING REVENUES | Total other sales and revenues    
Percentage of Sales    
Item as a percent of net sales and operating revenues 2.20% 3.10%
TOTAL COST OF SALES | Used vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 72.20% 78.20%
TOTAL COST OF SALES | Wholesale vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 15.40% 8.70%
TOTAL COST OF SALES | Total other sales and revenues    
Percentage of Sales    
Item as a percent of net sales and operating revenues 0.30% 2.10%