Segment Reporting (Tables)

9 Months Ended

Nov. 30, 2022


	Three Months Ended November 30, 2022
(In thousands)	CarMax Sales Operations		Other		Eliminations		Total
Sales and operating revenues	$	6,472,702	$	33,254	$	—	$	6,505,956
Intersegment sales and operating revenues	—		5,549		(5,549)		—
Total sales and operating revenues	$	6,472,702	$	38,803	$	(5,549)	$	6,505,956
Depreciation and amortization (1)	$	404	$	3,735	$	—	$	4,139
Gross profit	$	554,057	$	23,780	$	(1,149)	$	576,688
Reconciliation to Consolidated Earnings Before Taxes:
CAF Income							152,196
Selling, general and administrative expenses							(591,727)
Depreciation and amortization (2)							(57,377)
Interest expense							(30,150)
Other income (expense)							363
Earnings before income taxes							$	49,993


	Nine Months Ended November 30, 2022
(In thousands)	CarMax Sales Operations		Other		Eliminations		Total
Sales and operating revenues	$	23,860,462	$	101,918	$	—	$	23,962,380
Intersegment sales and operating revenues	—		20,219		(20,219)		—
Total sales and operating revenues	$	23,860,462	$	122,137	$	(20,219)	$	23,962,380
Depreciation and amortization (1)	$	1,092	$	10,199	$	—	$	11,291
Gross profit	$	2,115,631	$	77,869	$	(4,276)	$	2,189,224
Reconciliation to Consolidated Earnings Before Taxes:
CAF Income							539,538
Selling, general and administrative expenses							(1,914,508)
Depreciation and amortization (2)							(170,717)
Interest expense							(91,670)
Other income (expense)							2,303
Earnings before income taxes							$	554,170

(1) Represents only the portion of depreciation and amortization recorded within Cost of sales, and thus included in the calculation of Gross profit.

(2) Exclusive of depreciation and amortization recorded within Cost of sales.