XML 61 R47.htm IDEA: XBRL DOCUMENT v3.21.4
CarMax Auto Finance (Components Of CarMax Auto Finance Income) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Nov. 30, 2021
Nov. 30, 2020
Auto Finance Income [Line Items]        
Interest and fee income $ 330,000 $ 288,500 $ 964,400 $ 851,100
Interest expense (53,600) (77,100) (180,000) (243,000)
Total interest margin 276,400 211,400 784,400 608,100
Provision for loan losses (76,200) (8,200) (87,300) (156,100)
Total interest margin after provision for loan losses 200,200 203,200 697,100 452,000
Total other expense 0 0 0 (2,200)
Payroll and fringe benefit expense (12,700) (11,600) (37,700) (34,200)
Other Depreciation and Amortization (2,400) (200) (2,800) (600)
Other direct expenses (19,200) (15,000) (48,900) (40,400)
Total direct expenses (34,300) (26,800) (89,400) (75,200)
CarMax Auto Finance income 165,968 176,445 607,732 374,590
Total average managed receivables $ 15,288,800 $ 13,517,500 $ 14,706,900 $ 13,381,600
Interest and fee income, percent        
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables 8.60% 8.50% 8.70% 8.50%
Interest expense, percent        
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables (1.40%) (2.30%) (1.60%) (2.40%)
Total interest margin, percent        
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables 7.20% 6.30% 7.10% 6.10%
Provision for loan losses, percent        
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables (2.00%) (0.20%) (0.80%) (1.60%)
Total interest margin after provision for loan losses, percent        
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables 5.20% 6.00% 6.30% 4.50%
Total other expense, percent        
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables 0.00% 0.00% 0.00% 0.00%
Payroll and fringe benefit expense, percent        
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables (0.30%) (0.30%) (0.30%) (0.30%)
Other Depreciation and Amortization        
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables (0.10%) 0.00% 0.00% 0.00%
Other direct expenses, percent        
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables (0.50%) (0.40%) (0.40%) (0.40%)
Total direct expenses, percent        
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables (0.90%) (0.80%) (0.80%) (0.70%)
CarMax Auto Finance income, percent        
Auto Finance Income [Line Items]        
Item as percent of total average managed receivables 4.30% 5.20% 5.50% 3.70%