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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
May 31, 2023
May 31, 2022
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES $ 7,687,063 $ 9,311,621
TOTAL COST OF SALES 6,869,673 8,436,230
GROSS PROFIT  817,390 875,391
CARMAX AUTO FINANCE INCOME  137,358 204,473
Selling, general and administrative expenses 559,837 656,740
Depreciation, Depletion and Amortization, Nonproduction 58,419 55,648
Interest expense 30,466 28,775
Other (income) expense (1,214) 2,099
Earnings before income taxes 307,240 336,602
Income tax provision 78,942 84,337
NET EARNINGS  $ 228,298 $ 252,265
WEIGHTED AVERAGE COMMON SHARES:    
Basic, shares 158,116 160,298
Diluted, shares 158,561 161,798
NET EARNINGS PER SHARE:    
Basic (in dollars per share) $ 1.44 $ 1.57
Diluted (in dollars per share) $ 1.44 $ 1.56
Used vehicle sales    
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES $ 6,001,471 $ 7,014,490
TOTAL COST OF SALES 5,486,846 6,451,010
Wholesale vehicle sales    
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES 1,514,363 2,116,517
TOTAL COST OF SALES 1,346,538 1,924,850
Total other sales and revenues    
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES 171,229 180,614
TOTAL COST OF SALES $ 36,289 $ 60,370
NET SALES AND OPERATING REVENUES    
Percentage of Sales    
Item as a percent of net sales and operating revenues 100.00% 100.00%
TOTAL COST OF SALES    
Percentage of Sales    
Item as a percent of net sales and operating revenues 89.40% 90.60%
GROSS PROFIT     
Percentage of Sales    
Item as a percent of net sales and operating revenues 10.60% 9.40%
CARMAX AUTO FINANCE INCOME     
Percentage of Sales    
Item as a percent of net sales and operating revenues 1.80% 2.20%
Selling, general and administrative expenses    
Percentage of Sales    
Item as a percent of net sales and operating revenues 7.30% 7.10%
Depreciation and Amortization, Nonproduction    
Percentage of Sales    
Item as a percent of net sales and operating revenues 0.80% 0.60%
Interest expense    
Percentage of Sales    
Item as a percent of net sales and operating revenues 0.40% 0.30%
Other (income) expense    
Percentage of Sales    
Item as a percent of net sales and operating revenues 0.00% 0.00%
Earnings before income taxes    
Percentage of Sales    
Item as a percent of net sales and operating revenues 4.00% 3.60%
Income tax provision    
Percentage of Sales    
Item as a percent of net sales and operating revenues 1.00% 0.90%
NET EARNINGS     
Percentage of Sales    
Item as a percent of net sales and operating revenues 3.00% 2.70%
NET SALES AND OPERATING REVENUES | Used vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 78.10% 75.30%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 19.70% 22.70%
NET SALES AND OPERATING REVENUES | Total other sales and revenues    
Percentage of Sales    
Item as a percent of net sales and operating revenues 2.20% 1.90%
TOTAL COST OF SALES | Used vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 71.40% 69.30%
TOTAL COST OF SALES | Wholesale vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 17.50% 20.70%
TOTAL COST OF SALES | Total other sales and revenues    
Percentage of Sales    
Item as a percent of net sales and operating revenues 0.50% 0.60%