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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2021
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES $ 29,684,873 $ 31,900,412 $ 18,950,149
TOTAL COST OF SALES 26,884,670 28,612,870 16,571,024
GROSS PROFIT  2,800,203 3,287,542 2,379,125
CARMAX AUTO FINANCE INCOME  663,404 801,507 562,810
Selling, General and Administrative Expense 2,487,357 2,325,220 1,704,419
Depreciation, Depletion and Amortization, Nonproduction 228,449 211,956 194,356
Interest expense 120,398 94,095 86,178
Nonoperating Income (Expense) (9,401) (34,568) (8,275)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 636,804 1,492,346 965,257
Income tax provision 152,042 341,049 218,338
Net earnings $ 484,762 $ 1,151,297 $ 746,919
Basic (in shares) 158,800 162,410 163,183
Diluted (in shares) 159,771 165,176 165,133
Basic (in dollars per share) $ 3.05 $ 7.09 $ 4.58
Diluted (in dollars per share) $ 3.03 $ 6.97 $ 4.52
Used vehicle sales      
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES $ 23,034,286 $ 24,437,095 $ 15,713,583
TOTAL COST OF SALES 21,186,135 22,398,651 14,124,715
Wholesale vehicle sales      
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES 5,989,796 6,763,813 2,668,753
TOTAL COST OF SALES 5,399,969 5,999,277 2,245,431
Other sales and revenues      
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES 660,791 699,504 567,813
TOTAL COST OF SALES $ 298,566 $ 214,942 $ 200,878
NET SALES AND OPERATING REVENUES      
Percentage of Sales      
Item as a percent of net sales and operating revenues 100.00% 100.00% 100.00%
TOTAL COST OF SALES      
Percentage of Sales      
Item as a percent of net sales and operating revenues 90.60% 89.70% 87.40%
GROSS PROFIT       
Percentage of Sales      
Item as a percent of net sales and operating revenues 9.40% 10.30% 12.60%
CARMAX AUTO FINANCE INCOME       
Percentage of Sales      
Item as a percent of net sales and operating revenues 2.20% 2.50% 3.00%
Selling, general and administrative expenses      
Percentage of Sales      
Item as a percent of net sales and operating revenues 8.40% 7.30% 9.00%
Depreciation and Amortization      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.80% 0.70% 1.00%
Interest expense      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.40% 0.30% 0.50%
Other (income) expense      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.00% (0.10%) 0.00%
Earnings before income taxes      
Percentage of Sales      
Item as a percent of net sales and operating revenues 2.10% 4.70% 5.10%
Income tax provision      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.50% 1.10% 1.20%
NET EARNINGS       
Percentage of Sales      
Item as a percent of net sales and operating revenues 1.60% 3.60% 3.90%
NET SALES AND OPERATING REVENUES | Used vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 77.60% 76.60% 82.90%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 20.20% 21.20% 14.10%
NET SALES AND OPERATING REVENUES | Other sales and revenues      
Percentage of Sales      
Item as a percent of net sales and operating revenues 2.20% 2.20% 3.00%
TOTAL COST OF SALES | Used vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 71.40% 70.20% 74.50%
TOTAL COST OF SALES | Wholesale vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 18.20% 18.80% 11.80%
TOTAL COST OF SALES | Other sales and revenues      
Percentage of Sales      
Item as a percent of net sales and operating revenues 1.00% 0.70% 1.10%