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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Nov. 30, 2021
Nov. 30, 2020
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 8,527,759 $ 5,184,944 $ 24,213,717 $ 13,785,892
TOTAL COST OF SALES 7,691,199 4,553,514 21,637,164 12,048,136
GROSS PROFIT  836,560 631,430 2,576,553 1,737,756
CARMAX AUTO FINANCE INCOME  165,968 176,445 607,732 374,590
Selling, general and administrative expenses 575,930 430,781 1,704,285 1,197,595
Depreciation, Depletion and Amortization, Nonproduction 54,428 48,016 157,107 145,126
Interest expense 24,303 19,462 67,247 65,889
Other (income) expense (8,094) (887) (35,453) 728
Earnings before income taxes 355,961 310,503 1,291,099 703,008
Income tax provision 86,523 75,203 299,638 166,034
NET EARNINGS  $ 269,438 $ 235,300 $ 991,461 $ 536,974
WEIGHTED AVERAGE COMMON SHARES:        
Basic, shares 162,006 163,732 162,710 163,278
Diluted, shares 164,873 165,773 165,606 164,976
NET EARNINGS PER SHARE:        
Basic (in dollars per share) $ 1.66 $ 1.44 $ 6.09 $ 3.29
Diluted (in dollars per share) $ 1.63 $ 1.42 $ 5.99 $ 3.25
Used vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 6,435,590 $ 4,209,748 $ 18,697,300 $ 11,385,183
TOTAL COST OF SALES 5,927,237 3,791,134 17,085,416 10,223,875
Wholesale vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 1,922,283 828,362 4,998,212 1,990,296
TOTAL COST OF SALES 1,710,103 713,961 4,411,175 1,669,595
Total other sales and revenues        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 169,886 146,834 518,205 410,413
TOTAL COST OF SALES $ 53,859 $ 48,419 $ 140,573 $ 154,666
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 90.20% 87.80% 89.40% 87.40%
GROSS PROFIT         
Percentage of Sales        
Item as a percent of net sales and operating revenues 9.80% 12.20% 10.60% 12.60%
CARMAX AUTO FINANCE INCOME         
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.90% 3.40% 2.50% 2.70%
Selling, general and administrative expenses        
Percentage of Sales        
Item as a percent of net sales and operating revenues 6.80% 8.30% 7.00% 8.70%
Depreciation and Amortization, Nonproduction        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.60% 0.90% 0.60% 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 (0.10%) 0.00% (0.10%) 0.00%
Earnings before income taxes        
Percentage of Sales        
Item as a percent of net sales and operating revenues 4.20% 6.00% 5.30% 5.10%
Income tax provision        
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.00% 1.50% 1.20% 1.20%
NET EARNINGS         
Percentage of Sales        
Item as a percent of net sales and operating revenues 3.20% 4.50% 4.10% 3.90%
NET SALES AND OPERATING REVENUES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 75.50% 81.20% 77.20% 82.60%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 22.50% 16.00% 20.60% 14.40%
NET SALES AND OPERATING REVENUES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.00% 2.80% 2.10% 3.00%
TOTAL COST OF SALES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 69.50% 73.10% 70.60% 74.20%
TOTAL COST OF SALES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 20.10% 13.80% 18.20% 12.10%
TOTAL COST OF SALES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.60% 0.90% 0.60% 1.10%