Stock and Stock-Based Incentive Plans (Tables)

3 Months Ended

6 Months Ended

Aug. 31, 2022

Aug. 31, 2022

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Schedule of Common Stock Repurchases

Common Stock Repurchases

	Three Months Ended				Six Months Ended
	August 31				August 31
	2022		2021		2022		2021
Number of shares repurchased (in thousands)	1,729.6		1,754.1		3,373.9		2,751.7
Average cost per share	$	94.24	$	125.44	$	95.01	$	125.22
Available for repurchase, as of end of period (in millions)	$	2,453.9	$	991.5	$	2,453.9	$	991.5

Composition of Share-Based Compensation Expense

Composition of Share-Based Compensation Expense

	Three Months Ended				Six Months Ended
	August 31				August 31
(In thousands)	2022		2021		2022		2021
Cost of sales	$	901	$	2,094	$	1,141	$	3,823
CarMax Auto Finance income	(295)		1,481		413		3,189
Selling, general and administrative expenses	24,534		28,705		46,770		67,125
Share-based compensation expense, before income taxes	$	25,140	$	32,280	$	48,324	$	74,137

Composition Of Share-Based Compensation Expense - By Grant Type

Composition of Share-Based Compensation Expense – By Grant Type

	Three Months Ended				Six Months Ended
	August 31				August 31
(In thousands)	2022		2021		2022		2021
Nonqualified stock options	$	9,468	$	7,708	$	20,680	$	19,529
Cash-settled restricted stock units (RSUs)	9,505		17,590		10,354		38,562
Stock-settled market stock units (MSUs)	3,529		3,244		8,876		8,089
Other share-based incentives:
Stock-settled performance stock units (PSUs)	250		976		4,941		4,370
Restricted stock (RSAs)	(35)		263		309		305
Stock-settled deferred stock units (DSUs)	1,850		1,925		1,850		1,925
Employee stock purchase plan	573		574		1,314		1,357
Total other share-based incentives	$	2,638	$	3,738	$	8,414	$	7,957
Share-based compensation expense, before income taxes	$	25,140	$	32,280	$	48,324	$	74,137

Schedule of Stock Incentive Plan Information

Share/Unit Activity

	Six Months Ended August 31, 2022
	Equity Classified						Liability Classified
(Shares/units in thousands)	Options		MSUs		Other		RSUs
Outstanding as of February 28, 2022	5,796		393		170		1,163
Granted	1,282		136		50		677
Exercised or vested and converted	(204)		(120)		(80)		(740)
Cancelled	(44)		(5)		(5)		(46)
Outstanding as of August 31, 2022	6,830		404		135		1,054
Weighted average grant date fair value per share/unit:
Granted	$	33.26	$	126.73	$	95.58	$	91.20
Ending outstanding	$	25.69	$	120.95	$	99.04	$	97.36
	As of August 31, 2022
Unrecognized compensation (in millions)	$	68.0	$	21.5	$	3.5