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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Aug. 31, 2021
Aug. 31, 2020
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 7,988,359 $ 5,372,166 $ 15,685,958 $ 8,600,948
TOTAL COST OF SALES 7,172,875 4,620,023 13,945,965 7,494,622
GROSS PROFIT  815,484 752,143 1,739,993 1,106,326
CARMAX AUTO FINANCE INCOME  200,033 147,195 441,764 198,145
Selling, general and administrative expenses 574,286 441,923 1,128,355 766,814
Depreciation, Depletion and Amortization, Nonproduction 52,789 48,285 102,679 97,110
Interest expense 22,410 22,469 42,944 46,427
Other (income) expense (1,782) (1,680) (27,359) 1,615
Earnings before income taxes 367,814 388,341 935,138 392,505
Income tax provision 82,547 91,645 213,115 90,831
NET EARNINGS  $ 285,267 $ 296,696 $ 722,023 $ 301,674
WEIGHTED AVERAGE COMMON SHARES:        
Basic, shares 162,966 163,434 163,058 163,053
Diluted, shares 165,643 165,623 165,969 164,580
NET EARNINGS PER SHARE:        
Basic (in dollars per share) $ 1.75 $ 1.82 $ 4.43 $ 1.85
Diluted (in dollars per share) $ 1.72 $ 1.79 $ 4.35 $ 1.83
Used vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 6,104,366 $ 4,389,233 $ 12,261,710 $ 7,175,435
TOTAL COST OF SALES 5,597,842 3,908,065 11,158,179 6,432,741
Wholesale vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 1,701,572 819,082 3,075,929 1,161,934
TOTAL COST OF SALES 1,512,559 674,712 2,701,072 955,634
Total other sales and revenues        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 182,421 163,851 348,319 263,579
TOTAL COST OF SALES $ 62,474 $ 37,246 $ 86,714 $ 106,247
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 89.80% 86.00% 88.90% 87.10%
GROSS PROFIT         
Percentage of Sales        
Item as a percent of net sales and operating revenues 10.20% 14.00% 11.10% 12.90%
CARMAX AUTO FINANCE INCOME         
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.50% 2.70% 2.80% 2.30%
Selling, general and administrative expenses        
Percentage of Sales        
Item as a percent of net sales and operating revenues 7.20% 8.20% 7.20% 8.90%
Depreciation and Amortization, Nonproduction        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.70% 0.90% 0.70% 1.10%
Interest expense        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.30% 0.40% 0.30% 0.50%
Other (income) expense        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.00% 0.00% (0.20%) 0.00%
Earnings before income taxes        
Percentage of Sales        
Item as a percent of net sales and operating revenues 4.60% 7.20% 6.00% 4.60%
Income tax provision        
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.00% 1.70% 1.40% 1.10%
NET EARNINGS         
Percentage of Sales        
Item as a percent of net sales and operating revenues 3.60% 5.50% 4.60% 3.50%
NET SALES AND OPERATING REVENUES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 76.40% 81.70% 78.20% 83.40%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 21.30% 15.20% 19.60% 13.50%
NET SALES AND OPERATING REVENUES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.30% 3.00% 2.20% 3.10%
TOTAL COST OF SALES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 70.10% 72.70% 71.10% 74.80%
TOTAL COST OF SALES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 18.90% 12.60% 17.20% 11.10%
TOTAL COST OF SALES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.80% 0.70% 0.60% 1.20%