Segment Reporting (Tables)

3 Months Ended

May 31, 2023


	Three Months Ended May 31, 2023
(In thousands)	CarMax Sales Operations		Other		Eliminations		Total
Sales and operating revenues	$	7,655,689	$	31,374	$	—	$	7,687,063
Intersegment sales and operating revenues	—		9,597		(9,597)		—
Total sales and operating revenues	$	7,655,689	$	40,971	$	(9,597)	$	7,687,063
Depreciation and amortization (1)	$	419	$	4,392	$	—	$	4,811
Gross profit	$	794,391	$	24,173	$	(1,174)	$	817,390
Reconciliation to Consolidated Earnings Before Taxes:
CAF Income							137,358
Selling, general and administrative expenses							(559,837)
Depreciation and amortization (2)							(58,419)
Interest expense							(30,466)
Other income (expense)							1,214
Earnings before income taxes							$	307,240


	Three Months Ended May 31, 2022
(In thousands)	CarMax Sales Operations		Other		Eliminations		Total
Sales and operating revenues	$	9,277,236	$	34,385	$	—	$	9,311,621
Intersegment sales and operating revenues	—		7,742		(7,742)		—
Total sales and operating revenues	$	9,277,236	$	42,127	$	(7,742)	$	9,311,621
Depreciation and amortization (1)	$	312	$	3,074	$	—	$	3,386
Gross profit	$	849,290	$	27,727	$	(1,626)	$	875,391
Reconciliation to Consolidated Earnings Before Taxes:
CAF Income							204,473
Selling, general and administrative expenses							(656,740)
Depreciation and amortization (2)							(55,648)
Interest expense							(28,775)
Other income (expense)							(2,099)
Earnings before income taxes							$	336,602

(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.