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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Aug. 31, 2022
Aug. 31, 2021
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 8,144,803 $ 7,988,359 $ 17,456,424 $ 15,685,958
TOTAL COST OF SALES 7,407,658 7,172,875 15,843,888 13,945,965
GROSS PROFIT  737,145 815,484 1,612,536 1,739,993
CARMAX AUTO FINANCE INCOME  182,869 200,033 387,342 441,764
Selling, general and administrative expenses 666,041 574,286 1,322,781 1,128,355
Depreciation, Depletion and Amortization, Nonproduction 57,692 52,789 113,340 102,679
Interest expense 32,745 22,410 61,520 42,944
Other income (4,039) (1,782) (1,940) (27,359)
Earnings before income taxes 167,575 367,814 504,177 935,138
Income tax provision 41,670 82,547 126,007 213,115
NET EARNINGS  $ 125,905 $ 285,267 $ 378,170 $ 722,023
WEIGHTED AVERAGE COMMON SHARES:        
Basic, shares 158,801 162,966 159,556 163,058
Diluted, shares 160,218 165,643 161,015 165,969
NET EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.79 $ 1.75 $ 2.37 $ 4.43
Diluted (in dollars per share) $ 0.79 $ 1.72 $ 2.35 $ 4.35
Used vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 6,284,085 $ 6,104,366 $ 13,298,575 $ 12,261,710
TOTAL COST OF SALES 5,789,098 5,597,842 12,240,108 11,158,179
Wholesale vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 1,690,326 1,701,572 3,806,843 3,075,929
TOTAL COST OF SALES 1,549,669 1,512,559 3,474,519 2,701,072
Total other sales and revenues        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 170,392 182,421 351,006 348,319
TOTAL COST OF SALES $ 68,891 $ 62,474 $ 129,261 $ 86,714
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 90.90% 89.80% 90.80% 88.90%
GROSS PROFIT         
Percentage of Sales        
Item as a percent of net sales and operating revenues 9.10% 10.20% 9.20% 11.10%
CARMAX AUTO FINANCE INCOME         
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.20% 2.50% 2.20% 2.80%
Selling, general and administrative expenses        
Percentage of Sales        
Item as a percent of net sales and operating revenues 8.20% 7.20% 7.60% 7.20%
Depreciation and Amortization, Nonproduction        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.70% 0.70% 0.60% 0.70%
Interest expense        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.40% 0.30% 0.40% 0.30%
Other income        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.00% 0.00% 0.00% (0.20%)
Earnings before income taxes        
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.10% 4.60% 2.90% 6.00%
Income tax provision        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.50% 1.00% 0.70% 1.40%
NET EARNINGS         
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.50% 3.60% 2.20% 4.60%
NET SALES AND OPERATING REVENUES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 77.20% 76.40% 76.20% 78.20%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 20.80% 21.30% 21.80% 19.60%
NET SALES AND OPERATING REVENUES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.10% 2.30% 2.00% 2.20%
TOTAL COST OF SALES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 71.10% 70.10% 70.10% 71.10%
TOTAL COST OF SALES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 19.00% 18.90% 19.90% 17.20%
TOTAL COST OF SALES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.80% 0.80% 0.70% 0.60%