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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2022
Nov. 30, 2021
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 6,505,956 $ 8,527,759 $ 23,962,380 $ 24,213,717
TOTAL COST OF SALES 5,929,268 7,691,199 21,773,156 21,637,164
GROSS PROFIT  576,688 836,560 2,189,224 2,576,553
CARMAX AUTO FINANCE INCOME  152,196 165,968 539,538 607,732
Selling, general and administrative expenses 591,727 575,930 1,914,508 1,704,285
Depreciation, Depletion and Amortization, Nonproduction 57,377 54,428 170,717 157,107
Interest expense 30,150 24,303 91,670 67,247
Other income (363) (8,094) (2,303) (35,453)
Earnings before income taxes 49,993 355,961 554,170 1,291,099
Income tax provision 12,413 86,523 138,420 299,638
NET EARNINGS  $ 37,580 $ 269,438 $ 415,750 $ 991,461
WEIGHTED AVERAGE COMMON SHARES:        
Basic, shares 158,003 162,006 159,044 162,710
Diluted, shares 158,536 164,873 160,195 165,606
NET EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.24 $ 1.66 $ 2.61 $ 6.09
Diluted (in dollars per share) $ 0.24 $ 1.63 $ 2.60 $ 5.99
Used vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 5,204,584 $ 6,435,590 $ 18,503,159 $ 18,697,300
TOTAL COST OF SALES 4,801,790 5,927,237 17,041,898 17,085,416
Wholesale vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 1,152,207 1,922,283 4,959,050 4,998,212
TOTAL COST OF SALES 1,037,534 1,710,103 4,512,053 4,411,175
Total other sales and revenues        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 149,165 169,886 500,171 518,205
TOTAL COST OF SALES $ 89,944 $ 53,859 $ 219,205 $ 140,573
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 91.10% 90.20% 90.90% 89.40%
GROSS PROFIT         
Percentage of Sales        
Item as a percent of net sales and operating revenues 8.90% 9.80% 9.10% 10.60%
CARMAX AUTO FINANCE INCOME         
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.30% 1.90% 2.30% 2.50%
Selling, general and administrative expenses        
Percentage of Sales        
Item as a percent of net sales and operating revenues 9.10% 6.80% 8.00% 7.00%
Depreciation and Amortization, Nonproduction        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.90% 0.60% 0.70% 0.60%
Interest expense        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.50% 0.30% 0.40% 0.30%
Other income        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.00% (0.10%) 0.00% (0.10%)
Earnings before income taxes        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.80% 4.20% 2.30% 5.30%
Income tax provision        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.20% 1.00% 0.60% 1.20%
NET EARNINGS         
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.60% 3.20% 1.70% 4.10%
NET SALES AND OPERATING REVENUES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 80.00% 75.50% 77.20% 77.20%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 17.70% 22.50% 20.70% 20.60%
NET SALES AND OPERATING REVENUES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.30% 2.00% 2.10% 2.10%
TOTAL COST OF SALES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 73.80% 69.50% 71.10% 70.60%
TOTAL COST OF SALES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 15.90% 20.10% 18.80% 18.20%
TOTAL COST OF SALES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.40% 0.60% 0.90% 0.60%